type public traded as tsx mty founded 1979 founder stanley ma headquarters montreal quebec canada key people stanley ma pres chair cfo claude st pierre cfo sec dir stephen a. stone dir murat armutlu dir jason lin dir revenue 2.0 billion systemwide 101.36 million 2013 1 systemwide 725.8 million 51.40 million 2009 2 systemwide 400 million 3 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 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 tha 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 fr z 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 . 4 the number of restaurant locations using those brand names more than doubled between 2007 and 2010 . 5 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 . 6 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. 7 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 . 1 8 9 it operates in canada united arab emirates jordan and morocco and in 2009 revenue from franchise fees increased 75 % . 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 on may 21 2010 president ceo and chairman of mty food group stanley ma opened the toronto stock exchange . 14 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 . 15 contents 1 history 2 acquisitions 2.1 manchu wok 2.2 caf van houtte 2.3 caf d p t sushi man muffin plus and fabrika 2.4 madison new york grill & bar 2.5 sushigo 2.6 mr souvlaki ltd 2.7 country style 2.8 groupe valentine inc. 2.9 la cr mi re 2.10 mrs. vanelli s 2.11 thai express 2.12 yogen fruz 2.13 extreme brandz 2.14 others 3 launchings 4 references history edit 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 . 12 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. 16 it moved from the tsx venture exchange to the tsx exchange under the symbol mty in may 2010 . 17 on november 30 2010 the company created two new subsidiaries when it combined five former ones . 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. the move improved short term cash flow by enabling it to take advantage of non capital tax losses quicker . 18 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 q2 2016 number of locations 248 19 287 19 420 20 428 21 784 22 825 23 1 023 24 1 570 25 1727 1893 26 2251 27 2590 1 2727 2792 5488 28 acquisitions edit yogen fruz canada yogen fruz originally before it was globalized is now a part of mty food group manchu wok edit in december 2014 mty said it would pay 7.9 million from cash on hand to acquire the business which had 133 stores in its operations 114 of which were franchised and 19 corporately owned . during its most recent completed fiscal year the network generated approximately 95 million in system sales . caf van houtte edit deal completed november 7 2014 involves 51 franchised stores all located in quebec from keurig canada . caf d p t sushi man muffin plus and fabrika edit mty food group announced on july 8 2014 that it has completed the acquisition of the assets of caf d p t sushi man muffin plus and fabrika . the total consideration for the transaction was 13.9 million paid from mty s cash on hand and existing credit facilities . at closing the chains were operating 101 stores including 13 corporately owned stores . madison new york grill & bar edit deal completed july 18 2014 involved 14 franchised stores all located in quebec . the acquisition gave the parent company another 40 million in system wide sales . cost of the transaction was 12.9 million . sushigo edit deal completed on may 31 2013 . total of 5 outlets . mr souvlaki ltd edit the 14 stores were acquired on november 26 2012 . 13 of the locations were in ontario the other was in british columbia . at the time of the takeover system wide sales were 4.5 million . 29 country style edit country style was acquired when it had 488 locations in april 2009 for 7.7 million in cash and 6.9 million in debt . 10 30 groupe valentine inc. edit groupe valentine inc. is a saint hyacinthe quebec based quick service restaurant chain specializing in hot dogs fries and hamburgers similar to mty s franx supreme restaurant chain . at the time all 95 locations 86 franchised and 9 corporate owned were in quebec most in rural areas . the brand rights were purchased in august 2010 in a 9.3 million deal that included a distribution centre among seven retail properties . 31 32 the agreement was made in august however the deal didn t close until september 2010 . la cr mi re edit under the name insu innovations it acquired the franchise rights to the brand la cr mi re in november 2001 which oversaw 74 locations all were in quebec at the time . the naming rights which also included beaver tails brought the company s system wide sales up to 50 million . 33 mrs. vanelli s edit mty acquired the franchise rights used by 105 mrs. vanelli s locations in 2004 when it had annual sales of 34 million from donato food corp. 34 it operates under subsidiary tiki ming enterprises . thai express edit thai express was acquired in 2004 from tara fung holding inc. of montreal through then subsidiary matoyee enterprises inc. 35 yogen fruz edit mty owns exclusive canadian franchise rights to yogen fruz for 20 years that began in 2006 due to a 13 million agreement made with coolbrands international . 36 extreme brandz edit 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 . 37 extreme brandz s 40 u.s. stores will be mty s first stores in the united states . of the 364 stores acquired 5 are corporately owned . others edit au vieux duluth express big smoke burger 38 caferama founded in 1979 the rights to the name in saudi arabia were purchased in 2003 . 6 croissant plus acquired the franchise rights used by 20 locations in 2002 cultures founded in 1977 and acquired by mty food group on may 2 2003 the restaurant chain has almost doubled in size to 55 . 39 koya japan inc. purchased in 2006 from the sabbagh family trust of winnipeg for over 3 million . 40 sushi shop acquired the 47 stores in 2007 for 7.6 million . the previous owner of the establishment was made vice president after the deal . 41 taco time acquired in 2008 from calgarians ken and aarol pattendent for 7.9 million . 42 the country s best yogurt canada franchise rights purchased in 2005 for 1.3 million . at the time there were 91 locations . tutti frutti acquired in september 2008 veggirama acquired in 1999 when the franchise had 18 stores jugo juice calgary based franchise operating in the smoothie industry that oversaw 133 locations at the time it was acquired . purchased in the summer of 2011 for 15.5 million . system wide sales were 36.4 million in 2010 . koryo korean bbq franchise rights to the 20 unit chain of korean quick service restaurants were purchased for 1.8 million cash by subsidiary mty tiki ming enterprises inc announced august 15 completed november 11 2011 . at the time koryo had annual sales of 8 million . 27 launchings edit tiki ming first restaurant of the franchised brands of mty the company was launched in 1984 two years before mty s predecessor golden sky resources was formed 12 o burger vie & nam franxsupreme chicknchick kim chi august 2006 panini pizza tandori villa madina mediterranean cuisine sukiyaki references edit a b c mty 2013 ar pdf . february 12 2014 . financial statements for mty food group inc. . retrieved 2010 07 030 . check date values in access date help mty food group opens the market . 2010 05 21 . blackwell richard august 18 2011 . mty food swallows mr. submarine . the globe and mail . toronto theglobeandmail.com . mty food group increases revenue in q1 . 2010 04 07 . a b insu innovations group inc. announcement . 2003 06 09 . insu innovations group inc. announcement . businesswire . 2003 06 09 . 2nd quarter results mty foods inc. . quebec chain of restaurants gobbled up by mty food group . 2010 08 16 . a b c mty food group headed to the tsx . 2010 05 04 . 2nd quarter results mty foods inc. . retrieved 2010 07 03 . a b c king of the food courts montreal gazette 2007 01 08 mty food group ci . retrieved 2010 07 01 . mty food group opens the market . 2010 05 21 . canadian press mty foods set to double in size with acquisition of kahala brand montreal gazette may 25 2016 tsx venture company summary . retrieved 2010 07 03 . standard & poor s announces changes in the s & p tsx venture composite index . 2010 05 11 . amalgamation of subsidiaries . 2010 11 29 . a b mty food group inc. 2003 year end results . 2004 03