Minor International

Minor International

Company type	Public
Traded as	SET: MINT
Industry	Hospitality Restaurants Retail
Predecessor	Royal Garden Resort Co., Ltd.
Founded	1978; 47 years ago (1978)
Founder	William 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	William Heinecke (Chairman) Dillip Rajakarier (CEO)
Revenue	฿153.486 billion (2023)[1]
Net income	฿7.132 billion (2023)[1]
Total assets	฿359.196 billion (2023)[1]
Number of employees	78,000 (2023)[1]
Subsidiaries	Minor Hotels Minor Food Minor Lifestyle
Website	minor.com

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.

Minor Hotels is a hotel owner, operator, and investor with a portfolio of over 550 hotels^[1] under the brands of Anantara 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, 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. 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 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

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 (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 at The Palm Jumeirah.^[6][7] 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.^[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 of Oaks Hotels, Resorts & Suites, expanding its presence in Australia, New Zealand, and Dubai with a portfolio of 36 serviced suites.^[12]

Businesses

Minor International operates three main businesses:^[13]

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

Hotels and mixed-use

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

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.^[15][16]

Retail trading

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

1. Minor International (6 June 2024). Minor International Factsheet, June 2024 (PDF). Retrieved 22 July 2024.
2. "Our History, Culture and Management Team - Minor Food | Official Site". www.minorfood.com. Retrieved 2024-11-05.
3. Stock Exchange of Thailand. "Minor International Company Profile". Archived from the original on 2010-04-12. Retrieved 3 Jun 2010.
4. Minor International. "Minor International History". Archived from the original on July 6, 2010. Retrieved 3 Jun 2010.
5. "RGR Increases Stake in Rajadamri Hotel to 57%". Royal Garden Resorts PCL. 15 Nov 2010. Archived from the original on July 4, 2008. Retrieved 5 Aug 2010.
6. MenaReport Archived May 21, 2006, at the Wayback Machine
7. itp.net^{[dead link‍]}
8. eTravelBlackBoard Archived July 10, 2011, at the Wayback Machine
9. DaijiWorld Archived July 8, 2011, at the Wayback Machine
10. "MINT to Acquire Minor Corporation through the Implementation of Business Restructuring Plan" (PDF). Minor International PCL. 9 March 2009. Retrieved 5 Aug 2010.
11. "Successful Tender Offer of MINOR shares" (PDF). Minor International PCL. 15 Jun 2009. Retrieved 5 August 2010.
12. Minor International (8 Sep 2011). "Tender Offer to Purchase Securities of S&P (Form 247-4)" (PDF). Archived from the original (PDF) on April 1, 2012. Retrieved 8 Sep 2011.
13. "MINT's Businesses". MINOR International. Retrieved 1 March 2016.
14. "Hotel Business". MINOR International. Retrieved 1 March 2016.
15. 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.
16. restaurantonline.co.uk (2022-06-09). "Minor rebrands Corbin & King as The Wolseley Hospitality Group". restaurantonline.co.uk. Retrieved 2024-02-08.
17. "Retail Trading". MINOR International. Retrieved 1 March 2016.

External links

• Official website
• Minor Hotels website
• Minor Food website