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Claude St-Pierre COO,SEC,DIR[1] Of the 364 stores acquired 5 are corporately owned. The Mayans never used MSG so why should we? Extreme Brandz can trace its roots to the founding of Extreme Pita by the brothers Alex Rechichi and Mark Rechichi in 1997. Staff members can currently be seen sporting T-shirts with the slogan “Are you afraid of the ghost?” printed on the backs. [19] [1] The number of outlets carrying MTY brands reached 5,500 in 2017. [22][23], In February 2018, MTY announced that it was acquiring two new brands, Timothy's and Mmmuffin.[24]. [98], On July 22, 2019, MTY announced that one of its wholly owned subsidiaries acquired most of Allô! If you agree to proceed using cookies, please click on ‘ACCEPT’. We also use third-party cookies that help us analyze and understand how you use this website. [75], In October 2013, MTY acquired 80% of Thai Zone restaurant chain for $17.7 million. Country Style Food Services Holdings Inc., Buns Master Bakery Systems Inc. and Melody Farms Specialty Foods & Equipment Limited were regrouped into one subsidiary, the other came from Mrs. Vanelli's Restaurants Limited and MTY Tiki Ming Enterprises Inc. Big Smoke founder and president Mustafa Yusuf retained the remaining 40% of the company. [71] Extreme Brandz was officially founded in 2006 when the brand Mucho Burrito was launched. Among the largest acquisitions made by MTY is the 2011 purchase of the Mr. Sub franchise for $23 million; at the time it was a chain of 335 sandwich shops. Extreme Brandz was officially founded in 2006 when the brand Mucho Burrito was launched. These cookies will be stored in your browser only with your consent. [37] The stores were later rebranded as Veggirama and then rebranded a second time as Cultures. [16][17] [5] Since opening the first Tiki Ming restaurant in 1984, MTY launched ten brands and acquired more than twenty others. The company first went public in 1995, there were 70 locations at the time. 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. It is mandatory to procure user consent prior to running these cookies on your website. [86], In May 2016, MTY announced a friendly takeover deal with the Kahala Brands Ltd restaurant franchise company (2,800 stores worldwide). [8], 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. Food free of artificial preservatives, fake flavours, and artificial fat substitutes. Mexican-inspired food you love to share with your familia or amigos. MTY agreed to pay about US$300 million to acquire Kahala. In December 2017, MTY bought Imvescor, a restaurant group with about 300 restaurants under brands Pizza Delight, Bâton Rouge, Scores, Mikes, and Ben & Florentine. At the time of the acquisition, Thai Zone had 25 stores and 3 mobile restaurants in the province of Quebec, all of which are franchised. The total consideration for the transaction was $13.9 million, paid from MTY's cash on hand and existing credit facilities. The previous owner of the establishment was made vice president after the deal. [2][9][10] It operates in Canada, United Arab Emirates, Jordan and Morocco and in 2009 revenue from franchise fees increased 75%. The chain had locations in Alberta, British Columbia, Ontario, Quebec and Saskatchewan at the time of the acquisition. Mon Coco, a chain serving gourmet breakfast and lunch.[99]. The number of restaurant locations using those brand names more than doubled between 2007 and 2010. [96] The acquisition was completed in March 2019 for $4.1 million in cash. MTY Food Group owns or controls many restaurant brands within Canada and the United States. [69][70], Extreme Brandz can trace its roots to the founding of Extreme Pita by the brothers Alex Rechichi and Mark Rechichi in 1997. On May 28, 2013, MTY Food Group Inc., said that its subsidiary MTY Tiki Ming Enterprises Inc. has struck an agreement to buy the assets of Mississauga Ontario-based Extreme Brandz, owner of Extreme Pita, PurBlendz, and Mucho Burrito, for $45 million (U.S.) from the three co-founders, Alex Rechichi, Mark Rechichi and Sean Black. A Quebec City-based sushi chain. MTY thereby added 18 American brands to its portfolio, including Cold Stone Creamery, America's Taco Shop, and Kahala Coffee Traders. So to be fresh, to deliver authentic Mexican food. [8] The company owes much of its growth to corporate takeovers (in 2013 80% of the company's revenue growth was attributable to acquisitions).

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