MTY Group
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| Public | |
| Traded as |
: MTY Grey Market: |
| Founded | 1979 |
| Founder | Stanley Ma |
| Headquarters | Saint-Laurent, Quebec, Canada |
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Key people
|
Stanley Ma PRES,CHAIR,CEO |
| 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) |
| Subsidiaries | Kahala Brands |
| Website | MTY Food Group |
: MTY
Stanley Ma PRES,CHAIR,CEO
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 70 brand names, some of them through wholly owned subsidiaries. The number of enterprises carrying MTY brands reached 5,500 in 2017. Stanley Ma is the group founder and President CEO. MTY Food Group's ever-expanding brands 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.
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.
In 1979, 29-year-old Stanley Ma opened a restaurant called Le Paradis du Pacifique on St. Martin Blvd in Laval, 11 years after he arrived in Canada from Hong Kong. In 1984 he opened the first of 56 Tiki Ming restaurants in Canada in Montreal's Rockland Mall. In 1986 the predecessor company was incorporated as Golden Sky Resources Inc. and publicly traded on the Vancouver Stock Exchange (now the TSX Venture Exchange) in February 1989. The name of the company was later changed to Golden Sky Ventures International Inc., then to iNsu Innovations Group Inc., and then to its current name MTY Food Group Inc. It moved from the TSX Venture Exchange to the TSX exchange under the symbol MTY in May 2010.
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