Timothy's shuts U.S. outlets

Timothy's Coffees of the World Inc. has closed its U.S. operations, affecting about 20 outlets.

The Globe and Mail
February 5, 2002

Timothy's shuts U.S. outlets
Oliver Bertin

TORONTO — Timothy's Coffees of the World Inc. has closed its U.S. operations, affecting about 20 outlets.

Timothy's president Becky McKinnon said the company's Canadian operations are not affected. Toronto-based Timothy's is the second-largest gourmet coffee chain in Canada, with 240 outlets and sales of about $100-million a year.

Ms. McKinnon is the controlling shareholder.

Rumours started swirling about the state of the U.S. operations yesterday when the Park Avenue outlet in Manhattan closed its doors. Employees were directed to the nearby outlet on Water Street.

Timothy's outlets have developed a reputation across Canada for their high-quality coffees and pleasant ambience. Ms. McKinnon runs about 40 company-owned stores and about 200 franchise operations, mainly in Toronto.

The company has followed a strategy of slow internal growth, with the occasional major acquisition.

Earlier this year, it picked up 90 muffin and pastry shops through the purchase of mmmuffins Canada Corp.

In 1999, it bought the Grabbajabba chain and its 56 outlets.

Ms. McKinnon has moved slowly into the U.S. market, with 20 stores in New York and a handful of outlets in Boston, Philadelphia and Washington.


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