Minor International
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| Type | Public limited |
|---|---|
| Traded as | SET: MINT |
| Industry | Agro and Food Industry |
| Founded | September 1, 1978 (Thailand) |
| Founder(s) | 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, Middle East, Africa |
| Key people | William E. Heinecke (CEO) Pratana Mongkolkul (CFO) Dillip Rajakarier (CEO Hospitality) |
| Products | Hotels, resorts and restaurants |
| Revenue |  BT฿28.07 Billion (2011)[2] |
| Operating income | BT฿3.96 Billion (2011)[2] |
| Profit | BT฿2.93 Billion (2011)[2] |
| Total assets | BT฿40.87 Billion (2011)[3] |
| Total equity | BT฿14.93 Billion (2011)[3] |
| Employees | 25,000+[4] |
| Subsidiaries | Minor Food Group, Minor Corporation |
| Website | www.minornet.com |
Minor International is a hospitality company operating over 1,000 restaurants and 30 hotels in the Asia-Pacific and Middle East regions and Africa. Based in Bangkok, Thailand, it operates hotels under the Anantara, Four Seasons, Marriott and Elewana brands, owns The Pizza Company and Thai Express restaurant franchises, and operates restaurants under the Swensen's, Sizzler, Dairy Queen, Burger King and The Coffee Club brands in Thailand and other countries.[5]
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[edit] History
Minor International was founded in 1978 as Royal Garden Resorts (RGR). The company was listed on the Stock Exchange of Thailand on August 14, 1988.[6] In late 2004, the Company completed the acquisition of 100% of the Minor Food Group (SET: MFG) and followed this in January 2005 with its de-listing from the Stock Exchange of Thailand.[7][8]
In 2006, Anantara entered Dubai at The Palm Jumeriah [9][10] In 2008, Heinecke acquired 70% of Thai Express and 50% of The Coffee Club and 50% of Elewana Afrika for US$12 million [11] In 2008 he opened the Desert Islands Resort and Spa (Anantara) on Sir Bani Yas Island in Abu Dhabi [12]
On 12 June 2009, the Company completed the 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.[7][13][14]
In July 2011, MINT has completed a compulsory acquisition and purchased most of the shares of Oaks Hotels & 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 "Oaks" brand.[15]
[edit] 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.
[edit] Minor International's Hotel Portfolio
[edit] Hotels owned by Minor International
Location of Hotels under the Marriott brand:
- Bangkok
- Pattaya
- Hua Hin
Location of Hotels under the JW Marriott brand:
- Phuket
Locations of Hotels under the Four Seasons brand:
- Bangkok
- Koh Samui
- Chiang Mai
- Chiang Rai
Hotels under the Anantara brand:
- Anantara Golden Triangle Resort & Spa
- Anantara Bophut Resort & Spa, Koh Samui
- Anantara Phuket Villas
- Anantara Kihavah Villas in the Maldives
- Anantara Hua Hin Resort & Spa
Other hotels:
- Kani Lanka, Sri Lanka
- St Regis Residences Bangkok (in 2011)
[edit] Hotels which Minor International owns a stake
- Harbour View Hotel Haiphong, Vietnam
- Anantara Veli Resort & Spa, Maldives
- Anantara Dhigu Resort & Spa, Maldives
- Naladhu Maldives
- Hotel Serendib, Sri Lanka
- Club Hotel Dolphin, Sri Lanka
- Hotel Sigiriya, Sri Lanka
- Arusha Coffee Lodge, Tanzania
- Serengeti Migration Camp, Tanzania
- Tarangire Tree Top, Tanzania
- The Manor at Ngorongoro, Tanzania
- AfroChic Retreat, Tanzania
- Kilindi, Tanzania
- Masai Mara Camp, Tanzania
- Amboseli Camp, Tanzania
- Marula Manor, Tanzania
- Serengethi Migration Camp Explorer, Tanzania
[edit] Hotels which Minor International manages.
- Anantara Baan Rajprasong Serviced Suites, Bangkok Thailand
- Anantara Bangkok Sathorn, Bangkok, Thailand
- Anantara Seminyak Resort & Spa, Bali Indonesia
- Desert Islands Resort & Spa by Anantara, Abu Dhabi
- Qasr Al Sarab Desert Resort & Spa by Anantara, Abu Dhabi
- Anantara Xishuangbanna Resort & Spa, China (in 2011)
- Anantara Bali Uluwatu Resort & Spa, China
- Anantara Rasananda Resort & Spa, Koh Phangan, Thailand
[edit] Shopping Plaza Business
Minor International owns the Royal Garden Plaza in Pattaya and Bangkok as well as the Turtle Village in Phuket.
[edit] Subsidiaries
[edit] 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]
[edit] Brands of Minor Food Group
The following brands are owned by Minor Food Group:
- The Pizza Company: Operator and franchiser of restaurants serving pizza and Italian food.
- The Coffee Club: Operator and franchisers of restaurants. The Coffee Club provides coffee items and an all-day menu serving breakfast, lunch and dinner while maintaining the relaxed / casual atmosphere of a café.[19]
- Thai Express: Operator and franchiser of restaurants serving Thai food.
(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:
- Dairy Queen
- Swensen's
- Sizzler
- Burger King
[edit] 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 Esprit, Red Earth, Bossini, Timberland, Charles & Keith, Bloom, Laneige, 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.
[edit] Notes
- ^ MD&A 2011, p. 3,5.
- ^ a b c Financial Statements 2011, p. 5.
- ^ a b Financial Statements 2011, p. 2.
- ^ Minor International (2010). Minor International 2009 Annual Report. pp. 9, 78. http://www.minorinternational.com/international/downloads/AnnualReport/AR%2052%20AW%20ENG.PDF. Retrieved 3 June 2010.
- ^ Minor International. "About MINT". http://www.minorinternational.com/international/about.asp. Retrieved 18 March 2010.
- ^ Stock Exchange of Thailand. "Minor International Company Profile". Archived from the original on 2010-06-04. http://www.webcitation.org/5qECOdekO. Retrieved 3 June 2010.
- ^ a b Minor International. "Minor International History". http://www.minorinternational.com/international/about_history.asp. Retrieved 3 June 2010.
- ^ "RGR INCREASES STAKE IN RAJADAMRI HOTEL TO 57%". ROYAL GARDEN RESORTS PCL. 15 November 2010. http://www.minorinternational.com/international/news/RGR_PressRelease_3Q2004_Final.htm. Retrieved 5 August 2010.
- ^ MenaReport
- ^ itp.net
- ^ eTravelBlackBoard
- ^ DaijiWorld
- ^ "MINT to Acquire Minor Corporation through the Implementation of Business Restructuring Plan". MINOR INTERNATIONAL PCL. 9 March 2009. http://www.minorinternational.com/international/news/MINT%20Press%20Release-%20Minor%20Acquisition%209Feb09.pdf. Retrieved 5 August 2010.
- ^ "Successful Tender Offer of MINOR shares". MINOR INTERNATIONAL PCL. 15 June 2009. http://www.minorinternational.com/international/news/Press%20Release_15June%2009_E.pdf. Retrieved 5 August 2010.
- ^ Minor International (8 September 2011). "Tender Offer to Purchase Securities of S&P (Form 247-4)". http://www.set.or.th/dat/news/201109/11037323.pdf. Retrieved 8 September 2011.
- ^ Minor International. "About Minor International-Hotel Portfolio". http://www.minorinternational.com/international/about_hotel.asp. Retrieved 2011-02-26.
- ^ Minor Food Group. "About the Minor Food Group". http://www.minorfoodgroup.com/aboutus/index.html. Retrieved 2011-02-24.
- ^ S&P Syndicate Public Company Limited. "S&P Syndicate Corporate Information". http://www.sandp.co.th/inverstor.php. Retrieved 2011-02-24.
- ^ Minor Food Group. "About The Coffee Club". http://www.minorfoodgroup.com/franchising/coffeeclub/index.html. Retrieved 2011-02-25.
[edit] References
- Minor International (21 February 2012). Management Discussion and Analysis 2011. http://mint.listedcompany.com/misc/mdna/20120221-MINT-MDNAFY2011-EN.pdf. Retrieved 22 February 2012.
- Minor International (21 February 2012). "Balance Sheets 2011". http://mint.listedcompany.com/misc/FS/20120221-MINT-FS-FY201102-EN.pdf. Retrieved 22 February 2012.
