Minor International
Minor International is a Thai multi-national company based in Bangkok, Thailand. The three core businesses of Minor International are hospitality, restaurants, and lifestyle brands distribution, operated under subsidiary companies Minor Hotels, Minor Food, and Minor Lifestyle, respectively.
| Company type | Public |
|---|---|
| SET: MINT | |
| Industry | Hospitality Restaurants Retail |
| Predecessor | Royal Garden Resort Co., Ltd. |
| Founded | 1978 |
| Founder | William Heinecke |
| Headquarters | , |
Number of locations | 536 hotels and serviced suites (2022) 2,607 restaurant outlets (2022) 278 retail trading outlets (2022)[1] |
Area served | Worldwide |
Key people |
|
| Revenue | ฿123.809 billion (2022)[1] |
| ฿2.019 billion (2022)[1] | |
| Total assets | ฿358.210 billion (2022)[1] |
Number of employees | 75,000 (2022)[1] |
| Subsidiaries |
|
| Website | minor.com |
Minor Hotels is a hotel owner, operator, and investor with a portfolio of over 530 hotels[1] under the brands of Anantara Hotels, Resorts & Spas, 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, including The Pizza Company, The Coffee Club, Thai Express, Riverside and Benihana, alongside franchise and joint-venture operations under the Swensen's, Sizzler, Dairy Queen, Burger King and BreadTalk brands.
Minor Lifestyle is one of the largest distributors of lifestyle brands in Thailand with a portfolio of international brands, such as Brooks 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 the Stock Exchange of Thailand (SET) on 14 August 1988.[2] 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.[3][4]
In 2006, Anantara entered Dubai at The Palm Jumeirah.[5][6] In 2008, William Heinecke acquired 70 percent of Thai Express, 50 percent of The Coffee Club, and 50 percent of Elewana Afrika for US$12 million.[7] That same year, he opened the Desert Islands Resort & Spa by Anantara on Sir Bani Yas Island in Abu Dhabi.[8]
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.[3][9][10]
In July 2011, Minor International completed a compulsory acquisition and purchased most of the shares of Oaks Hotels, Resorts & Suites, expanding its presence in Australia, New Zealand, and Dubai with a portfolio of 36 serviced suites.[11]
Businesses edit
Minor International operates three main businesses:[12]
- Hotels and mixed-use
- Restaurants
- Retail trading and contract manufacturing
Hotels and mixed-use edit
Minor Hotels has over 530 hotels and serviced suites with over 76,000 rooms in its portfolio.[13] 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 includes The Wolsely, and rebranded it as The Wolsely Hospitality Group.[14][15]
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.[16]
References edit
- ^ a b c d e f g h Minor International (21 November 2023). Minor International Factsheet, November 2023 (PDF). Retrieved 5 February 2024.
- ^ Stock Exchange of Thailand. . Archived from the original on 2010-04-12. Retrieved 3 Jun 2010.
- ^ a b Minor International. . Archived from the original on July 6, 2010. Retrieved 3 Jun 2010.
- ^ . Royal Garden Resorts PCL. 15 Nov 2010. Archived from the original on July 4, 2008. Retrieved 5 Aug 2010.
- ^ MenaReport May 21, 2006, at the Wayback Machine
- ^ itp.net[dead link]
- ^ eTravelBlackBoard July 10, 2011, at the Wayback Machine
- ^ DaijiWorld July 8, 2011, at the Wayback Machine
- ^ "MINT to Acquire Minor Corporation through the Implementation of Business Restructuring Plan" (PDF). Minor International PCL. 9 March 2009. Retrieved 5 Aug 2010.
- ^ "Successful Tender Offer of MINOR shares" (PDF). Minor International PCL. 15 Jun 2009. Retrieved 5 August 2010.
- ^ Minor International (8 Sep 2011). (PDF). Archived from the original (PDF) on April 1, 2012. Retrieved 8 Sep 2011.
- ^ "MINT's Businesses". MINOR International. Retrieved 1 March 2016.
- ^ "Hotel Business". MINOR International. Retrieved 1 March 2016.
- ^ Landler, Mark (2022-04-08). "The 'Consummate' London Restaurateur Is Briskly Shown the Exit". The New York Times. ISSN 0362-4331. Retrieved 2022-04-18.
- ^ restaurantonline.co.uk (2022-06-09). "Minor rebrands Corbin & King as The Wolseley Hospitality Group". restaurantonline.co.uk. Retrieved 2024-02-08.
- ^ "Retail Trading". MINOR International. Retrieved 1 March 2016.
External links edit
- Official website
- Minor Hotels website
- Minor Food website