Minor International

Minor International
Public limited
Traded as SET: MINT
Industry Agro and Food Industry
Founded September 1, 1978 (Thailand)
Founder William E. Heinecke
Headquarters 99 Berli Jucker House, 16th Floor, Soi Rubia, Sukhumvit 42 Rd., Bangkok, Thailand
Number of locations
 1,257 restaurants, 9,821 hotel rooms[1]
Area served
 Asia-Pacific, Europe, Middle East, Africa
Key people
  • William E. Heinecke (CEO)
  • Dillip Rajakarier (CEO Hospitality)
Products
  • Hotels
  • resorts
  • restaurants
Revenue Increase THB36.93 billion (2012)[2]
Profit Increase THB4.10 billion (2013)[2]
Total assets Increase THB59.93 billion (2013)[2]
Total equity Increase THB25.09 billion (2013)[2]
Number of employees
 28,841 (2011)[3]
Subsidiaries
  • Minor Food Group
  • Minor Corporation
Website www.minorinternational.com

Minor International is a hospitality company operating over 1,500 restaurants and 100 hotels in the Asia-Pacific, Europe, Middle East regions, and Africa. Based in Bangkok, Thailand, it operates hotels under the Anantara, Four Seasons, Marriott, Elewana, AVANI, and Per AQUUM brands, owns The Pizza Company, Thai Express, and Riverside Restaurant franchises, and operates restaurants under the Swensen's, Sizzler, Dairy Queen, Burger King, and The Coffee Club brands in Thailand and other countries.[4]

History

Minor International was founded in 1978 as Royal Garden Resorts (RGR) with initial capital of 3 million baht. The company was listed on the Stock Exchange of Thailand (SET) on 14 August 1988.[5] In late-2004, the company completed the acquisition of 100% of the Minor Food Group and followed this in January 2005 with its de-listing from the Stock Exchange of Thailand.[6][7]

In 2006, Anantara entered Dubai at The Palm Jumeriah [8][9] In 2008, Heinecke acquired 70% of Thai Express and 50% of The Coffee Club and 50% of Elewana Afrika for US$12 million [10] In 2008 he opened the Desert Islands Resort and Spa (Anantara) on Sir Bani Yas Island in Abu Dhabi [11]

On 12 June 2009, the company completed a business restructuring plan with Minor Corporation (MINOR). As a result, the company has directly and indirectly owned 99.92% of Minor's equity interest. On 22 June 2009, Minor was delisted from the Stock Exchange of Thailand.[6][12][13]

In July 2011, MINT has completed a compulsory acquisition and purchased most of the shares of Oaks Hotels and Resorts Limited, a listed company on the Australian Securities Exchange and doing Management Letting Right (MLR) business in Australia, New Zealand and Dubai with a portfolio of 36 serviced suites under the "Oaks" brand.[14]

Hotels Business

Minor International owns the Anantara brand of hotels. Minor International also provides hotel management services to hotel operators using its Anantara brand. Additionally, Minor International also owns hotels in tourist destinations in Thailand under the Marriott, Four Seasons, and JW Marriott brands.

Minor International's hotel portfolio

Hotels owned by Minor International

Location of Hotels under the Marriott brand:[15]

Location of Hotels under the JW Marriott brand:

Locations of Hotels under the Four Seasons brand:

Hotels under the Anantara brand:

Other hotels:

Hotels which Minor International owns a stake

Hotels which Minor International manages.

[16]

Shopping Plaza Business

Minor International owns the Royal Garden Plaza in Pattaya and Bangkok as well as Turtle Village in Phuket.

Subsidiaries

Minor Food Group (MFG)

Minor Food Group, 100% owned subsidiary of Minor International, is one of the biggest food service operators in Asia with over 1,300 outlets under The Pizza Company, Swensen's, Sizzler, Dairy Queen, Burger King, Thai Express, and The Coffee Club brands. Minor Food Group also owns Minor Dairy Limited (a producer premium ice cream products and ice cream toppings) and Minor Cheese Limited (producer of cheeses). The company owns The Pizza Company. Through its 70% stake in Thai Express, Minor International also owns the Shokudo Concepts, Pinle, Xin Wang Hong Kong Cafe, Tang Dian Wang, Double Bay, New York New York and Kiseki Japanese Buffet Restaurant. Minor International also owns 50% of The Coffee Club. Minor Food Group is a franchisee for Swensen's, Sizzler, Dairy Queen and Burger King.[17] Minor International also has a stake in S&P Syndicate Public Company Limited, an operator of restaurant, bakery shops, coffee shops and producer of bakery products and frozen food products as well as a provider of catering and home delivery services.[18]

Minor Food Group was established on 27 August 1980 to operate Tricon Global Restaurants’ franchised Pizza Hut brand,[19] listed on the Stock Exchange of Thailand on 18 December 1991, delisted on 5 January 2005 when merger with Minor International.[20]

Brands of Minor Food Group

The following brands are owned by Minor Food Group:

(Thai Express also owns the following brands which serve a variety of food types: Shokudo Concepts, Pinle, Xin Wang Hong Kong Cafe, Tang Dian Wang, Double Bay, New York New York and Kiseki Japanese Buffet)

The company has franchise rights for the following brands:

Minor Corporation (MINOR)

Minor Corporation is a leading distributor of international lifestyle brands in Thailand focusing primarily on fashion, cosmetics and education. Its brands include Gap, Esprit, Red Earth, Bossini, Timberland, Charles & Keith, Bloom, Smash Box, Tumi, Zwilling J.A. Henckels, Time Life, and World Book. It owns and operates NMT Ltd, one of Thailand's leading contract manufacturers for fast-moving consumer goods.[22]

Minor Corporation was established on 2 August 1967 as importer of foods for wholesalers and hotels. In 1983, the company has changed its core business to be a holding company.[23] The company was listed on the Stock Exchange of Thailand on 6 January 1989 and delisted on 22 June 2009 through swap shares with Minor International.[24][25]

Notes

  1. ↑ MD&A 2011, p. 3,5.
  2. ↑ 2.0 2.1 2.2 2.3 F/S & Highlights The Stock Exchange of Thailand
  3. ↑ Form 56-1 2011, p. 101.
  4. ↑ Minor International. "About MINT". Retrieved 18 Mar 2010.
  5. ↑ Stock Exchange of Thailand. "Minor International Company Profile". Archived from the original on 2010-06-04. Retrieved 3 Jun 2010.
  6. ↑ 6.0 6.1 Minor International. "Minor International History". Retrieved 3 Jun 2010.
  7. ↑ "RGR INCREASES STAKE IN RAJADAMRI HOTEL TO 57%". ROYAL GARDEN RESORTS PCL. 15 Nov 2010. Retrieved 5 Aug 2010.
  8. ↑ MenaReport
  9. ↑ itp.net
  10. ↑ eTravelBlackBoard
  11. ↑ DaijiWorld
  12. ↑ "MINT to Acquire Minor Corporation through the Implementation of Business Restructuring Plan" (PDF). MINOR INTERNATIONAL PCL. 9 Mar 2009. Retrieved 5 Aug 2010.
  13. ↑ "Successful Tender Offer of MINOR shares" (PDF). MINOR INTERNATIONAL PCL. 15 Jun 2009. Retrieved 5 August 2010.
  14. ↑ Minor International (8 Sep 2011). "Tender Offer to Purchase Securities of S&P (Form 247-4)" (PDF). Retrieved 8 Sep 2011.
  15. ↑ กอง บก.ฐานเศรษฐกิจ (19 Jun 2012). ไมเนอร์ปิดรร.แมริออท หัวหิน. ฐานเศรษฐกิจ (in Thai). Retrieved 21 June 2012.
  16. ↑ Minor International. "About Minor International-Hotel Portfolio". Retrieved 2011-02-26.
  17. ↑ Minor Food Group. "About the Minor Food Group". Retrieved 2011-02-24.
  18. ↑ S&P Syndicate Public Company Limited. "S&P Syndicate Corporate Information". Retrieved 2011-02-24.
  19. ↑ MFG Form 56-1 2003, p. 6.
  20. ↑ Delisted Securities Statistics, row 135.
  21. ↑ Minor Food Group. "About The Coffee Club". Retrieved 2011-02-25.
  22. ↑ Annual Report 2011, p. 34.
  23. ↑ Minor Form 56-1 2000, p. 7.
  24. ↑ Nalin Viboonchart (24 January 2009). "Minor group in major revamp". The Nation. Retrieved 19 June 2012.
  25. ↑ Delisted Securities Statistics, row 170.

References

External links