The first restaurant opened in 1979 in Saint-Hyacinthe, Quebec. The company was launched in 1984 two years before MTY's predecessor, Golden Sky Resources was formed[13][35]. At the time of the takeover system-wide sales were $4.5 million. In the crowded Mexican food franchise arena, Mucho Burrito stands out — which is why it has grown to more than 125 locations across Canada in a … [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. Mucho Burrito is known for fun and interesting promotions, too. 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 Mayans never used MSG so why should we? [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], In 2017 most of its restaurants were located in shopping malls and cinema food courts with others located in convenience stores. In April 1999, MTY acquired Fontaine Santé, a 22-unit health food quick service restaurant chain in Quebec for an undisclosed amount. The move improved short term cash flow by enabling it to take advantage of non-capital tax losses quicker. So to be fresh, to deliver authentic Mexican food. [18], On November 30, 2010, the company created two new subsidiaries when it combined five former ones. [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. In December 2017, MTY bought Imvescor, a restaurant group with about 300 restaurants under brands Pizza Delight, Bâton Rouge, Scores, Mikes, and Ben & Florentine. Our real meat with real Mexican seasoning means real flavour and a real good feeling about what you’re eating. The Mucho Story superadmin 2019-04-11T18:26:41-04:00 Mexican-inspired food that feels good! [89] The acquisition was completed the following month and the new American brands were transferred to its Kahala subsidiary. including all-natural salsas made with 100% real and fresh ingredients and traditional fire-roasted cooking techniques. Within Canada, MTY also operates as a franchise operator for global brands such as TCBY and Yogen Früz. [95], On 11 December 2018, MTY signed a deal to acquire South St. Burger within 90 days. It moved from the TSX Venture Exchange to the TSX exchange under the symbol MTY in May 2010. Especially when it comes to FOOD! [96] The acquisition was completed in March 2019 for $4.1 million in cash. [51][52], In June 2008, MTY inaugurated its Vietnamese cuisine concept called Vie & Nam. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. [71] Extreme Brandz was officially founded in 2006 when the brand Mucho Burrito was launched. [74] Extreme Brandz's 40 U.S. stores will be MTY's first stores in the United States. We also use third-party cookies that help us analyze and understand how you use this website. [86], In May 2016, MTY announced a friendly takeover deal with the Kahala Brands Ltd restaurant franchise company (2,800 stores worldwide). A Quebec City-based sushi chain. [40], In May 2002, MTY, then known as iNsu Innovations Group, signed a strategic alliance agreement with Restaurants Au Vieux Duluth inc. that allows the company to franchise Au Vieux Duluth Express, a quick serve version of Laval-based Greek restaurant. Country Style was acquired when it had 488 locations, in April 2009 for $7.7 million in cash and $6.9 million in debt. Fresh Mexican Burritos, Tacos, Quesadillas and Salads made by hand. 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. [79][80], Deal completed November 7, 2014 involves 51 franchised stores all located in Quebec from Keurig Canada.[81][82]. [64][65] In Quebec, the franchises are branded as 'Jus Jugo Juice'.
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