MTY Food Group
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| Public | |
| Traded as | : MTY |
| Founded | 1979 |
| Founder | Stanley Ma |
| Headquarters | Montreal, Quebec, Canada |
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Key people
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Stanley Ma PRES,CHAIR,CFO |
| Revenue | $2.0 billion systemwide $101.36 million (2013)systemwide $725.8 million 51.40 million (2009)systemwide =$400 million |
| 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) |
| Website | MTY Food Group |
Stanley Ma PRES,CHAIR,CFO
Claude St-Pierre CFO,SEC,DIR
Stephen A. Stone DIR
Murat Armutlu DIR
MTY Food Group is a Canadian franchisor and operator of numerous quick service restaurants operating under 48 brand names, some of them through wholly owned subsidiaries. They include Thaï Express, Country Style, Groupe Valentine, Vanelli's, Extreme Pita, Cultures, La Cremiere, 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.
Among the largest acquisitions made by MTY is the Mr. Sub franchise; at the time it was a chain of 335 sandwich shops.
The number of restaurant locations using those brand names more than doubled between 2007 and 2010. Since opening the first Tiki Ming restaurant in 1984, MTY launched ten brands and acquired sixteen others. Four of the restaurant chains—Vanelli's, Caferama, Sukiyaki, and La Cremiere—also operate in the Middle East. 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.
Most of its restaurants are located in shopping mall and cinema food courts while others are in convenience stores. The company owes much of its growth to corporate takeovers (in 2013 80% of the company's revenue growth was attributable to acquisitions). It operates in Canada, United Arab Emirates, Jordan and Morocco and in 2009 revenue from franchise fees increased 75%. It joined the 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.
On May 21, 2010, president, CEO, and chairman of MTY Food Group Stanley Ma opened the Toronto Stock Exchange.
In May 2016, MTY announced a friendly takeover deal with the Kahala Brands Ltd restaurant franchise company (2,800 stores worldwide). MTY could therefore add 18 American brands to its portfolio, including Cold Stone Creamery, America's Taco Shop and Kahala Coffee Traders. MTY will pay about US $300 million to acquire Kahala. The two companies generated near $2 billion in revenues in the previous year.
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