Global InformationMTY Food Group information
 | |
 MTY Food Group office in Richmond Hill | |
| Formerly |
|
|---|---|
| Company type | Public |
Traded as | TSX: MTY |
| Founded | 1979 as Le Paradis du Pacifique |
| Founder | Stanley Ma |
| Headquarters | Saint-Laurent, Quebec , Canada |
Number of locations |  6,719 (2021)[1] |
Area served | Worldwide |
Key people |
|
| Brands | List[1]
|
| Revenue |  CA$551.9 million (2021)[1]
|
Operating income | $382.6 million (2021)[1] |
Net income | $169.3 million (2021)[1] |
| Total assets | $1.90 billion (2021)[1] |
| Total equity | $648.9 million (2021)[1] |
| Divisions | MTY Tiki Ming Enterprises Taco Time Canada Inc. (founded as taco foods ltd., 1977) Country Style Food Services Holdings Inc. (founded 1962) Yogen Fruz Canada Inc. (founded 1986) |
| Subsidiaries | Kahala Brands |
| Website | www |
| Footnotes / references [1] | |
MTY Food Group is a Canadian franchisor and operator of numerous casual dining, fast casual, and quick service restaurants operating under more than 70 brand names, some of them through wholly owned subsidiaries.[2] Headquartered in the Montreal borough of Saint-Laurent, Quebec, the number of outlets carrying MTY brands reached 5,500 in 2017. Stanley Ma is the group founder, President and CEO. MTY Food Group's brands include Thaï Express, Country Style, Groupe Valentine, Vanelli's, Extreme Pita, Cultures, La Crémière, Sushi Shop, Veggirama, Caferama, O'burger, Tiki Ming, Vie & Nam, Au Vieux Duluth Express, FranxSupreme, ChicknChick, Croissant Plus, Koya Japan, Kim Chi, Panini, Tandori, Tutti Frutti, Villa Madina Mediterranean Cuisine, Sukiyaki, Taco Time, Yogen Früz, and the Canadian branch of TCBY.
The number of restaurant locations using those brand names more than doubled between 2007 and 2010.[3] Since opening the first Tiki Ming restaurant in 1984, MTY launched ten brands and acquired more than twenty others. Four of the restaurant chains—Vanelli's, Caferama, Sukiyaki, and La Cremiere—also operate in the Middle East.[4] There used to be a computer and technology division named Gold Tech Computer Systems Ltd., but it was spun off in 2003, renaming itself MTY Food Group Inc.[5]
In 2017, most of its restaurants were located in shopping malls and cinema food courts with others located in convenience stores. But by 2019, only 22 percent of its stores were in food courts.[6] The company owes much of its growth to corporate takeovers (in 2013, 80 percent of the company's revenue growth was attributable to acquisitions).[7][8][9] It operates in Canada, United Arab Emirates, Jordan and Morocco and in 2009 revenue from franchise fees increased 75 percent.[10][11] It joined the Toronto Stock Exchange as a debt-free company in June 2010. Prior to this it traded on the TSX Venture Exchange for 15 years under four different names.[10][12][13]
Of its 2,700 Canadian units, 98 percent are franchisee owned.[6]
- ^ a b c d e f g h i "2021 Annual Report" (PDF). MTY Food Group Inc. 2021. Retrieved September 15, 2022.
- ^ "MTY provides additional information regarding changes in senior management". CNW Group (Press release). June 11, 2018.
- ^ "MTY Food Group increases revenue in q1". April 7, 2010. Archived from the original on December 25, 2010.
- ^ "insu innovations group inc. announcement". June 9, 2003. Archived from the original on April 10, 2023. Retrieved July 3, 2010.
- ^ "iNsu Innovations Group Inc.: Announcement". businesswire. June 9, 2003. Archived from the original on April 11, 2023. Retrieved July 3, 2010.
- ^ a b "Company of the year: MTY Food Group". December 3, 2018.
- ^ "MTY 2013 AR" (PDF). February 12, 2014. Archived from the original (PDF) on February 26, 2015.
- ^ "2nd quarter results MTY Foods Inc". Archived from the original on September 30, 2011.
- ^ "Quebec chain of restaurants gobbled up by MTY Food Group". August 16, 2010.[permanent dead link]
- ^ a b "MTY food group headed to the tsx". May 4, 2010. Archived from the original on April 8, 2023. Retrieved October 4, 2018.
- ^ "2nd quarter results MTY Foods Inc". Retrieved July 3, 2010.
- ^ king of the food courts, Montreal Gazette, January 8, 2007, archived from the original on November 27, 2013
- ^ "MTY Food Group ci". Archived from the original on April 11, 2023. Retrieved July 1, 2010.