Wikipedia

Minor International

Minor Internationalis a Thaimulti-national companybased inBangkok,Thailand.The three core businesses of Minor International are hospitality, restaurants, and lifestyle brands distribution, operated under subsidiary companiesMinor Hotels,Minor Food, and Minor Lifestyle, respectively.

Minor International
Company typePublic
SET:MINT
IndustryHospitality
Restaurants
Retail
PredecessorRoyal Garden Resort Co., Ltd.
Founded1978;46 years ago(1978)
FounderWilliam Heinecke
Headquarters
Bangkok
,
Thailand
Number of locations
550 hotels and serviced suites (2023)
2,642 restaurant outlets (2023)
286 retail trading outlets (2023)[1]
Area served
Worldwide
Key people
RevenueIncrease฿153.486 billion (2023)[1]
Increase฿7.132 billion (2023)[1]
Total assetsIncrease฿359.196 billion (2023)[1]
Number of employees
78,000 (2023)[1]
Subsidiaries
Websiteminor

Minor Hotelsis a hotel owner, operator, and investor with a portfolio of over 550 hotels[1]under the brands ofAnantara Hotels & Resorts,Avani Hotels & Resorts,Elewana Collection,Oaks Hotels, Resorts & Suites,NH Hotels,NH Collection, nhow Hotels, and Tivoli Hotels & Resorts in over 55 countries across Asia-Pacific, the Middle East, Africa, the Indian Ocean, Europe, and the Americas.

Minor Food is one of Asia's largest restaurant companies with over 2,600 outlets[1]operating system-wide in 26 countries under a selection of brands, includingThe Pizza Company,The Coffee Club,Thai Express,Riverside andBenihana,alongside franchise and joint-venture operations under theSwensen's,Sizzler,Dairy Queen,Burger KingandBreadTalkbrands. The company’s inception can be traced back to Bill Heinicke’s founding of Minor Food by opening a pizza shop.[2]

Minor Lifestyle is one of the largest distributors of lifestyle brands inThailandwith a portfolio of international brands, such asBrooks Brothers,Esprit,Bossini,Etam,OVS,Radley,Anello,Charles & Keith,Pedro,Zwilling J.A. Henckels,Joseph Joseph,and Minor Smart Kids, as well as a footprint of over 470 retail outlets.[1]

History

edit

Minor International was founded in 1978 as Royal Garden Resort Co., Ltd. with an initial capital of three million baht. The company was listed on theStock Exchange of Thailand (SET)on 14 August 1988(1988-08-14).[3]In late 2004, the company completed the acquisition of 100 percent of The Minor Food Group PCL, and followed this in January 2005 with its de-listing from the SET.[4][5]

In 2006, Anantara entered Dubai atThe Palm Jumeirah.[6][7]In 2008,William Heineckeacquired 70 percent of Thai Express, 50 percent of The Coffee Club, and 50 percent of Elewana Afrika for US$12 million.[8]That same year, he opened the Desert Islands Resort & Spa by Anantara on Sir Bani Yas Island in Abu Dhabi.[9]

On June 12, 2009, the company completed a business restructuring plan with Minor Corporation (MINOR). As a result, the company has, directly and indirectly, owned 99.92 percent of MINOR's equity interest. On 22 June 2009, MINOR was delisted from SET.[4][10][11]

In July 2011, Minor International completed a compulsory acquisition and purchased most of the shares ofOaks Hotels, Resorts & Suites,expanding its presence in Australia, New Zealand, and Dubai with a portfolio of 36 serviced suites.[12]

Businesses

edit

Minor International operates three main businesses:[13]

  1. Hotels and mixed-use
  2. Restaurants
  3. Retail trading and contract manufacturing

Hotels and mixed-use

edit
See also:Minor Hotels

Minor Hotels has over 550 hotels and serviced suites with over 80,000 rooms in its portfolio.[14]The hotel business can be divided into four categories:

  • Owned hotels
  • Joint venture hotels
  • Managed hotels
  • Management of serviced suites

Hotel-related businesses include:

  • Spa business
  • Plaza and entertainment business
  • Residential property development business
  • Points-based timeshare project

Restaurants

edit

Through its subsidiary, Minor Food, Minor International has one of the largest quick-service restaurant operations in Asia, with over 2,600 restaurant outlets in Thailand, the Middle East, Asia, and Australia. In 2022, the company fully acquired London's Corbin & King restaurant group, which includesThe Wolsely,and rebranded it as The Wolsely Hospitality Group.[15][16]

Retail trading

edit

Minor International operates its retail trading and contract manufacturing business through Minor Corporation PCL, now Minor Lifestyle, the group's consumer lifestyle company. Minor Lifestyle is a distributor of international lifestyle consumer brands in Thailand, focusing primarily on fashion, cosmetics, and household products through retail, wholesale, and direct marketing channels.[17]

References

edit
  1. ^abcdefghMinor International (6 June 2024).Minor International Factsheet, June 2024(PDF).Retrieved22 July2024.
  2. ^"Our History, Culture and Management Team - Minor Food | Official Site".minorfood.Retrieved2024-11-05.
  3. ^Stock Exchange of Thailand."Minor International Company Profile".Archived fromthe originalon 2010-04-12.Retrieved3 Jun2010.
  4. ^abMinor International."Minor International History".Archived fromthe originalon July 6, 2010.Retrieved3 Jun2010.
  5. ^"RGR Increases Stake in Rajadamri Hotel to 57%".Royal Garden Resorts PCL. 15 Nov 2010. Archived fromthe originalon July 4, 2008.Retrieved5 Aug2010.
  6. ^MenaReportArchivedMay 21, 2006, at theWayback Machine
  7. ^itp.net[dead link‍]
  8. ^eTravelBlackBoardArchivedJuly 10, 2011, at theWayback Machine
  9. ^DaijiWorldArchivedJuly 8, 2011, at theWayback Machine
  10. ^"MINT to Acquire Minor Corporation through the Implementation of Business Restructuring Plan"(PDF).Minor International PCL. 9 March 2009.Retrieved5 Aug2010.
  11. ^"Successful Tender Offer of MINOR shares"(PDF).Minor International PCL. 15 Jun 2009.Retrieved5 August2010.
  12. ^Minor International (8 Sep 2011)."Tender Offer to Purchase Securities of S&P (Form 247-4)"(PDF).Archived fromthe original(PDF)on April 1, 2012.Retrieved8 Sep2011.
  13. ^"MINT's Businesses".MINOR International.Retrieved1 March2016.
  14. ^"Hotel Business".MINOR International.Retrieved1 March2016.
  15. ^Landler, Mark (2022-04-08)."The 'Consummate' London Restaurateur Is Briskly Shown the Exit".The New York Times.ISSN0362-4331.Retrieved2022-04-18.
  16. ^restaurantonline.co.uk (2022-06-09)."Minor rebrands Corbin & King as The Wolseley Hospitality Group".restaurantonline.co.uk.Retrieved2024-02-08.
  17. ^"Retail Trading".MINOR International.Retrieved1 March2016.
edit
Retrieved from "https://en.wikipedia.org/w/index.php?title=Minor_International&oldid=1255515936"