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Canada’s MTY Food Group considers sale
Yahoo Finance· 2025-11-18 14:44
Core Viewpoint - Canada-based MTY Food Group is exploring a potential sale with the assistance of Toronto-Dominion (TD) Bank, as reported by Reuters [1] Company Overview - MTY Food Group operates a network of 7,061 units across North America and internationally, with 256 units owned by the company and the remainder operated by franchisees [1] - The company owns a diverse portfolio of restaurant brands, including Pinkberry and Cold Stone Creamery, and manages over 80 chains such as Wetzel's Pretzels, Papa Murphy's, and TacoTime [1] Financial Performance - MTY's market value is approximately $550 million, and any potential buyer would likely need to offer a premium over this valuation [2] - For the third quarter of 2025, MTY reported a net income attributable to owners of $27.9 million, a decrease of about 20% from $34.9 million in the same quarter the previous year, translating to $1.22 per diluted share compared to $1.46 [2] - The company's revenue increased roughly 1% year-on-year to $297 million [3] Leadership and Ownership - Stanley Ma, the chairman of MTY, founded the business in 1979 and holds a 13.9% stake, making him the largest shareholder [3] - Ma served as CEO from 2004 until 2018 [3] Recent Acquisitions - MTY Franchising USA, a subsidiary of MTY, acquired Wetzel's Pretzels in 2022 from CenterOak Partners [3] - The company also completed the purchase of BBQ Holdings in 2022 for $200 million, at a price of $17.25 per share, which took BBQ Holdings private [4]
Exclusive: Pinkberry parent company MTY Food Group hires TD Bank to explore a sale, sources say
Reuters· 2025-11-17 17:27
Core Viewpoint - MTY Food Group, which owns restaurant chains like Pinkberry and Cold Stone Creamery, is exploring a potential sale with the assistance of Toronto Dominion Bank [1] Company Summary - MTY Food Group is a Canadian company that operates multiple restaurant brands, indicating a diverse portfolio in the food service industry [1] - The decision to explore a sale suggests that the company may be looking to capitalize on its market position or respond to changing market conditions [1] Industry Context - The restaurant industry is experiencing significant changes, with companies often seeking strategic options such as mergers, acquisitions, or sales to enhance their competitive edge [1] - Engaging a financial institution like Toronto Dominion Bank for the sale process highlights the importance of professional guidance in navigating complex transactions within the food service sector [1]