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[53], In September 2008, MTY purchased Tutti Frutti for $7.3 million.[54][55][56]. A wholly owned subsidiary of Fiesta Restaurant Group, it is headquartered in San Antonio, Texas. [86], In May 2016, MTY announced a friendly takeover deal with the Kahala Brands Ltd restaurant franchise company (2,800 stores worldwide). In addition to the main Tiki-Ming brand, the pioneering brand of the group carrying typical Chinese cuisine and fast food, MTY Food Group has launched further fast food ethnic-based brand food chains including North American, European, Italian, Chinese, Japanese, Korean, Middle Eastern and South Asian menus. Life is a quick-service beach at Kahala Corp. [11][12] It joined the Toronto Stock Exchange as a debt-free company in June 2010. Please sign in or register. The two companies generated near $2 billion in revenues in the previous year. The chain has over 226 locations in the United States and 74 locations in Canada. Claude St-Pierre COO,SEC,DIR[1] The combined company generated more than $1.1 billion in system wide sales in partnership with 3,000-plus franchisees and more than 4,600 retail locations. Of the 17 locations, 9 were located in Canada, 4 of which were corporately owned. [16][17] Following the announcement made in February 2018, MTY acquired the assets of Timothy's World Coffee and Mmmuffins As of September 2014, Taco Cabana had 166 locations throughout Texas, Oklahoma and New Mexico. [76][77], MTY Food Group announced on July 8, 2014, that it has completed the acquisition of the assets of Café Dépôt, Sushi Man, Muffin Plus, and Fabrika. [72] PurBlendz was launched in 2008 as a smoothie co-brand for existing Extreme Pita operators.[73]. The Company's business activities are the franchising and licensing of intellectual property and the administration, financing, management and operation of such intellectual property in the business of quick service food stores. 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. [85][86], At the time of the acquisition, Big Smoke Burger had a total of 17 locations. [20][failed verification], In 2016, and in a bid for faster expansion, MTY offered to buy the Quebec-based St-Hubert chain of restaurants with its rich chicken product menu. [38], Under the name iNsu Innovations, MTY acquired the brand La Crémière in November 2001, which oversaw 74 locations (all were in Quebec at the time), from Agropur Coopérative for $750,000. Stanley Ma is the group founder, President and CEO. In December 2017, MTY bought Imvescor, a restaurant group with about 300 restaurants under brands Pizza Delight, Bâton Rouge, Scores, Mikes, and Ben & Florentine. Kahala Brands, Ltd., formerly Kahala Corp., is a franchisor of quick service food restaurants. "MTY Food Group names Eric Lefebvre as new CEO", "MTY Completes the Acquisition of Kahala Brands, Ltd", "MTY Foods set to double in size with acquisition of Kahala Brand", "Sports Group International, Inc. [17], In July 2007, Kahala-Cold Stone acquired Cereality Cereal Bar & Cafe. [79][80], Deal completed November 7, 2014 involves 51 franchised stores all located in Quebec from Keurig Canada.[81][82]. [22][23], In February 2018, MTY announced that it was acquiring two new brands, Timothy's and Mmmuffin.[24]. Johnnie's New York Pizzeria – restaurant chain with stores in California, Florida, Oregon, Texas and Washington, Maui Wowi Hawaiian – chain with stores in the United States, Mexico, Saudi Arabia and the United Arab Emirates, Rollerz (California, D.C., Illinois, Nevada and Texas), Samurai Sam's Teriyaki Grill (Kuwait and United States), Grabbagreen - a chain of restaurants offering healthy foods and smoothies. [21], In December 2017, however, MTY announced that it was finishing a purchase deal of Imvescor Restaurant Group Inc., a Canadian company with restaurants and food outlets under the five brands Toujours Mikes, Pizza Delight, Scores Rotisserie, Bâton Rouge, and Ben & Florentine. In June 2015, Kahala Brands purchased Planet Smoothie and Tasti D-Lite. [64][65] In Quebec, the franchises are branded as 'Jus Jugo Juice'. [11][13][14], 98% of its 2700 Canadian units are franchisee owned. [102], Selected Morningstar National Bank Québec companies of, Golden Sky Ventures International (1994–2000), Café Dépôt, Sushi Man, Muffin Plus, and Fabrika, Canadian franchise operations for other global brands, CS1 maint: BOT: original-url status unknown (, MTY Group Historical Storyline of expansion, acquisitions and milestones, "MTY provides additional information regarding changes in senior management", "insu innovations group inc. announcement", "iNsu Innovations Group Inc.: Announcement", https://www.foodserviceandhospitality.com/company-of-the-year-mty-food-group/, "Quebec chain of restaurants gobbled up by MTY Food Group", "Golden Sky Ventures International Inc. (GLF.V) Changes Name to iNsu Innovations Group Inc./Le Groupe iNsu Innovations Inc. (INU.V)", "Standard & Poor's Announces Changes in the S&P/TSX Venture Composite Index", "MTY a peut-être raté St-Hubert, mais avale sa rivale Imvescor", "MTY Food Group signs deal to buy Imvescor Restaurant Group for $248 million", "MTY Food Group Completes Combination with Imvescor Restaurant Group", "MTY Food Group Inc. buying Timothy's and Mmmuffins for $1.675 million", "MTY Food Group Inc.: 2003 Year End Results", "MTY completes acquisition of Koryo Korean BBQ Franchise Corporation", "Stanley Ma: An empire on a plastic tray", "Acquisition of 100% of Fontaine Santé Canada Inc. and Fontaine Santé Canabec Inc", "iNsu Innovations Group Inc.: Acquisition of 100% of 'La Cremiere' Ice Cream Bar From Agropur", "iNsu Innovations Group Inc.: Cultures Acquisition Closed", "MTY Food Group Inc.: Proposed Share Acquisition of 100% of Mrs. Vanelli's Restaurants Limited", "MTY Food Group Inc.: Mrs. Vanellis Acquisition Closed", "MTY Food Group Inc.: Thai Express Acquisition Closed", "MTY Food Group Inc.: Thai Express Acquisition Closed", "Le Groupe MTY fait l'acquisition de Sushi Shop", "MTY Food Group Inc.: Proposed Acquisition of Sushi Shop and Sushi Shop Express", "MTY Food Group Inc.: Sushi Shop Acquisition Closed", "MTY Food Group Inc.: Proposed Share Acquisition of 100% of Koya Japan Inc", "MTY Food Group Inc.: Koya Japan Acquisition Closed", "MTY Food Group to buy Quebec Tutti Fruitti outlets: MTY Food Group Inc. says it will buy 30 Tutti Fruiti outlets in Quebec for an undisclosed amount of cash", "MTY Food Group: Proposed Acquisition of Tutti Frutti Chain", "MTY Food Group Inc.: Tutti Frutti Acquisition Closed", "MTY Food Group: Binding Agreement Signed With Taco Time Canada Inc", "MTY Food Group Inc.: Taco Time Acquisition Closed", "Montreal's MTY buys Country Style doughnut chain", MTY Food Group tightens grip on Quebec with Groupe Valentine purchase August 16, 2010, "Mty Enters Into An Agreement to Acquire Jugo Juice", "MTY completes acquisition of Jugo Juice", "MTY Food Group acquires Mr.
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