Yesterday it was announced that Tim Hortons would be moving its corporate headquarters from Oakville, Ontario to downtown Toronto.
They’ll be taking 6,000 square meters of space in the PATH-connected Exchange Tower and moving all 400 employees by the end of this year.
I’m more of a Starbucks coffee drinker, but I am interested in this move. Here’s what their president, Alex Macedo, had to say about it (quote from the Financial Post):
“Consumer trends are changing very fast. We want to remain an innovative company,” he says. “We want to be able to react to guest changing behaviours so we thought being positioned in Toronto would allow us to do that.”
This is a good follow-up to a post I wrote back in April 2015, which talked about the trend of companies moving from the suburbs to downtown Toronto. I guess that is still happening.