In 1995, Wendy's acquired Tim Hortons for $450 million and ended up owning one of the most profitable restaurant brands in North America. By the mid-2000s, Tim Hortons was generating a disproportionate share of Wendy's profits, attracting the attention of activist investors. Those investors pushed Wendy's to spin off the coffee chain, unlocking short-term value but separating the company from its strongest asset. Years later, Tim Hortons would be sold for more than $11 billion, making the decision one of the most debated moves in restaurant history. Watch the full video here: youtu.be/Fh20aiNwrbY #wendys #timhortons #restaurants #investing #business