DOCSLIB.ORG

GAIN Report Global Agriculture Information Network

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
GAIN Report Global Agriculture Information Network Foreign Agricultural Service GAIN Report Global Agriculture Information Network Required Report - public distribution Date: 4/19/2000 GAIN Report #CA0047 Canada HRI Food Service Sector Hotel, Restaurant, Institutional Sector Report - Eastern Canada 2000 Approved by: Norval E. Francis, Jr. U.S. Embassy Prepared by: Faye Clack Marketing & Communications Report Highlights: Canada’s HRI sector enters Y2000 at a full gallop with gains in sales, units and customer reach. With Canada’s present economic climate nurturing business growth and instilling greater consumer confidence and spending, the foodservice industry, particularly in the hotel and restaurant sectors where the low Canadian dollar is expected to continue to attract tourists and business travelers, is projecting sales and unit expansion well into 2000. Best opportunities exist for ethnic foods, value-added frozen entrees, value-added fresh produce and frozen seafood. Includes PSD changes: No Includes Trade Matrix: No Unscheduled Report Ottawa[CA1], CA GAIN Report #CA0047 Page 1 of 45 Table of Contents I. Market Summary .............................................................. Page 2 of 43 II. Market Entry ................................................................. Page 7 of 43 Outlook for Y2000 ....................................................... Page 10 of 43 III. Competition ................................................................ Page 12 of 43 IV. Best Product Prospects - Canada ............................................... Page 14 of 43 A. Products in the Market which have Good Sales Potential .................... Page 15 of 43 B. Products not Present in Sufficient Quantities but which have Good Sales Potential ................................................................. Page 18 of 43 C. Products not Present Because they Face Significant Barriers ................. Page 18 of 43 V. Post Contact and Further Information ............................................ Page 19 of 43 Appendix A ................................................................... Page 21 of 43 Appendix B ................................................................... Page 38 of 43 Appendix C ................................................................... Page 40 of 43 Appendix D ................................................................... Page 41 of 43 Resources ..................................................................... Page 42 of 43 Related FAS/Ottawa reports ...................................................... Page 43 of 43 Find Us on the World Wide Web .................................................. Page 43 of 43 UNCLASSIFIED Foreign Agricultural Service/USDA GAIN Report #CA0047 Page 2 of 45 I. Market Summary The HRI sector, after three years of declining real growth, grew by 3.1 per cent to reach $34.6B Cdn. Since the early ‘90s when HRI market share dropped to a low of 36.8 per cent, the industry has seen market share rebound, largely in the latter half of the decade (to 39.3 per cent in 1998 with 1999 projected at 40.0 per cent). This still falls well below the HRI’s peak market share of 42% achieved in 1989. The return of consumer confidence, a gradual increase in profit margins and a decline in restaurant bankruptcies – once the highest in the Canadian economy after personal bankruptcies – have helped fuel a more positive outlook for this sector in the coming years. Real, same-store sales rebounded in 1998, growing by 2.2 per cent – by far the largest gain in the decade. The low Canadian dollar and a booming U.S. economy has helped the HRI sector as Canadians stayed close to home and American tourists came to Canada in record numbers. Foodserviceice SalesSales vs.vs. GDPGDP andand Personall DisposableDisposable IncoIncome Real per Capita Growth 4% 2% 0% -2% -4% -6% Personal Disposable Income -8% Foodservice Sales -10% GDP (Gross Domestic Product) -12% 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998* *Forecast SOURCE: CRFA’s InfoStats, The Conference Board of Canada and Statistics Canada The macro economy plays an integral role in the foodservice industry. The two major economic variables influencing the restaurant industry are the Gross Domestic Product (GDP) and Disposable Income (DI). GDP, DI and foodservice sales are pro-cyclical i.e., as economic activity increases, sales tend to increase as well. Specific to DI, the Canadian Restaurant and Foodservice Association (CRFA) has calculated that a one (1) percent increase in disposable income will result in a 1.1 per cent increase in commercial foodservice sales. Simply put, the more money people have to spend, the more likely they are to spend the money in a restaurant. Other variables such as the Goods and Services Tax (GST) and the unemployment rate also contribute some explanatory power to the commercial foodservice industry. Tourism, especially in the Atlantic region, has been a key factor in the HRI industry. Canada’s low dollar has attracted tourists from other nations, especially the U.S. As the Canadian dollar fell below $0.70 U.S. in value, many Canadians have opted to travel and explore their own country. UNCLASSIFIED Foreign Agricultural Service/USDA GAIN Report #CA0047 Page 3 of 45 There are a growing number of women in the workforce and two-income families. In addition, people are spending more time at work. A growing number of Canadians are in the “sandwich generation”, balancing full-time jobs with caring for their children as well as their aging parents. All of these factors are contributing to the consumer time-crunch, making it increasingly difficult to find the time to cook. As a result, people are becoming more reliant on the foodservice industry to handle their nutritional needs. This has shown up particularly in the breakfast segment, which has seen strong growth in the past couple of years. With a view into Y2000, sales are projected to cool somewhat as consumers rein in their spending in the face of high debt loads, heavy tax burdens and the likelihood of higher interest rates as the year progresses. Today’s time-starved, value-conscious consumer will undoubtedly continue to drive the demand for quick and convenient meals, giving rise to more demand for drive-through service, home delivery, home meal replacement and more innovative ordering systems. As well, another growing consumer segment continues to search for high-quality, entertainment-oriented dining experiences at a reasonable price, driving the growth and diversity of restaurant concepts offering more than just a good meal. At the same time the North American food industry is being influenced by changing trends such as vegetarianism, immigration and the increasing prominence of ethnic foods, as well as the demand for healthy yet tasty foods which allows for the occasional decadent splurge. More recently, consumer demand for greater input in the food production process is even beginning to affect how products are grown and sourced, as issues such as irradiation, bioengineering, food safety, product labelling and organic farming come under greater public scrutiny. Finally, competition has become increasingly fierce in the HRI sector with independents, chains and even grocery stores competing in and vying for a bigger slice of the consumer food dollar. UNCLASSIFIED Foreign Agricultural Service/USDA GAIN Report #CA0047 Page 4 of 45 Sales and Growth in Sales by Sector ($ millions of dollars) Type of Establishment 1995 1996 1997 1998 1999 2000f Full Service Restaurants * $11,44 $11,919 $12,132 $12,879 $13,320 $14,106 1 year over year % change 8.2% 4.2% 1.8% 6.2% 3.4% 5.9% Limited Service $7,837 $8,382 $9,151 $10,146 $10,592 $11,334 Restaurants * year over year % change 12.7% 7.0% 9.2% 10.9% 4.4% 7.0% Total Restaurants $19,27 $20,301 $21,283 $23,025 $23,912 $25,440 8 year over year % change 10.0% 5.3% 4.8% 8.2% 3.9% 6.4% Caterers * $1,702 $1,758 $2,085 $2,162 $2,243 $2,337 year over year % change 6.6% 3.3% 18.6% 3.7% 3.7% 4.2% Taverns * $1,309 $1,369 $1,577 $1,805 $2,030 $2,097 year over year % change -7.1% 4.6% 15.2% 14.5% 12.4% 3.3% Total Commercial $22,28 $23,428 $24,945 $26,992 $28,185 $29,874 Restaurants * 9 year over year % change 8.5% 5.1% 6.5% 8.2% 4.4% 6.0% Institutional ** $2,214 $2,665 $2,463 $2,303 $2,299 $2,298 year over year % change -2.0% 20.4% -7.6% -6.5% -0.2% -0.1% Accommodation *** $3,327 $3,398 $3,400 $3,737 $3,852 $3,986 year over year % change 10.7% 2.1% 0.1% 9.9% 3.1% 3.5% Note: f = forecast Sources: * Statistics Canada ** KPMG *** Pannell Kerr Forster UNCLASSIFIED Foreign Agricultural Service/USDA GAIN Report #CA0047 Page 5 of 45 Who Gets the Foodservice Dollar? Commercial – 76% Non-Commercial – 24% Restaurants (full and limited-service establishments) Accommodation Foodservice (hotels, motels – 66% and resorts) – 10% Social and Contract Caterers (caterers for social Institutional Foodservice (in-house catering in events, and contract caterers serving offices, hospitals, residential care facilities, schools, institutions and remote feeding facilities) – 6% prisons, factories and offices) – 7% Pubs (bars, taverns and night clubs) – 4% Leisure Industry Foodservice (clubs, theatres, stadiums and refreshment stands) – 3% Other Retail Foodservice (snack bars in convenience, discount and other retail stores) – 2% Vending (food and beverage machines) – 1% Department stores (department store cafeterias and restaurants) – 1% Definitions: Accommodation – Foodservice facilities that are contained within a hotel, motel or resort. Full service restaurants – establishments that may
Load more

Recommended publications
  • 15.8.2014 15,894 Brand Name (In Chinese) 品牌名稱(中文) Product
    Generation Date: 15.8.2014 List of Small Volume Exemption Products 已獲小量豁免產品名單 Total Number of SVE products: 15,894 (已獲小量豁免產品總數): Brand Name (in Product Name (in Chinese) Brand Name (in English) Product Name (in English) Exemption End Date Effective Date for Exemption No. Chinese) 產品名稱 (中文) 品牌名稱 (英文) 產品名稱 (英文) (豁免終止日期) Revocation of (豁免編號) 品牌名稱 (中文) Exemption (豁免撤銷生效日期) Nil Nil Nil Sanko Rice Roll with Seaweed 2015/07/31 N/A 14-007124 Nil Nil Nil Sanko Rice Cracker - Castard 2015/07/31 N/A 14-007123 Nil Nil Nil Wonderland Panda - Choco Ball 2015/07/31 N/A 14-007083 Nil Nil Nil Wonderland Candy - Animal Assort 2015/07/31 N/A 14-007082 Nil Nil Nil Asahi Ice Limone 2015/07/31 N/A 14-007081 Nil Nil Nil Asahi Ice Grapefruit 2015/07/31 N/A 14-007079 Nil Nil Nil MARUESU SNACK - WASABI SOY SAUCE TASTE 2015/07/31 N/A 14-007078 Nil Nil Nil MARUESU SNACK - HOKKAIDO CHEESE TASTE 2015/07/31 N/A 14-007072 Nil Nil Nil KASUGAI BEACH SODA CANDY 2015/07/31 N/A 14-007071 Nil Nil Nil Nissin Corn Flakes 2015/07/31 N/A 14-007070 Nil Nil Nil MARUESU SNACK - MAYONNAISE TASTE 2015/07/31 N/A 14-007069 Nil Nil Nil KASUGAI UME AME 2015/07/31 N/A 14-007068 Nil Nil Nil Bonchi Wheat Snack - Seaweed 2015/07/31 N/A 14-007067 Nil Nil Nil Bonchi Wheat Snack - Spicy 2015/07/31 N/A 14-007066 Nil Nil Nil Kasugai Gummy Candy - Muscat Flavor 2015/07/31 N/A 14-007065 Nil Nil Nil Kasugai Gummy Candy - Grape Flavor 2015/07/31 N/A 14-007064 Nil Nil Nil Kasugai Gummy Candy - Peach Flavor 2015/07/31 N/A 14-007063 Nil Nil Nil Bonchi Rice Snack 2015/07/31 N/A 14-007062 Nil Nil Nil Nissin
    [Show full text]
  • HOTEL NEWS October 2013
    HOTEL NEWS October 2013 TRANSACTIONS FOR SALE BRANDS TRENDS NEW OPENINGS DEVELOPMENT Welcome to our latest monthly round-up, highlighting a selection of key news and developments for the UK & Ireland. Transactions Swiss-based BSQ Investments has acquired the 4-star 774-bed Citywest Hotel & Golf Resort, Dublin for around €30M. The hotel, with conference facilities for over 4,000 delegates, was de- veloped by Mansfield Group in the 1990s but has been managed by Dalata since being placed in receivership last year. Michels & Taylor will shortly take over the management of the hotel. The Greater Manchester Pension Fund has acquired the 4-star 138-bed Novotel Cardiff Centre for £12.3M, reflecting a net initial yield of 6.3%. The former Hanover International hotel is leased to Accor until 2030 at the higher ofa minimum base rent of £822,000 p.a. or 23% of turnover. Savills has completed the sale of two hotels in York. The 91-bed Ibis York Centre, which is leased to Accor until 2023 with a follow on extension, was bought by Algonquin off a £6M guide price. The 200-bed Park Inn York was sold off a £18M guide price to an unnamed buyer and is leased to Carlson Rezidor until 2031. Canadian hotel group Northland Properties has acquired the 4-star 151-bed Ramada Plaza Lon- don Gatwick for a price well in excess of the £4.9M guide price set by Knight Frank on behalf of administrators, KPMG. Northland plan to reposition the hotel under their Sandman Signature brand, joining their other UK property, which opened in Newcastle in 2011.
    [Show full text]
  • Infogroup Business Listing File
    Infogroup Business Listing File Company location: Omaha, Nebraska Web address: www.infousa.com Description: Infogroup collects information on approximately 11 million private and public US companies. Individual businesses are located by address geocoding—not all will have an exact location. The Esri geocoder integrates an address-based approach with more than eighty-one million residential and commercial U.S. address records from the NAVTEQ Point Addressing database. This database maps street addresses to a physical location so each address is a fixed point and not an interpolation from an address range. The geocoder uses address locators in a cascading fallback approach to ensure a match for as many records as possible. The primary locator utilizes the NAVTEQ Point Addressing database. The secondary locator utilizes the NAVTEQ Street Address Range database. Records that did not match fall back to the geocode provided by Infogroup. Businesses can be retrieved by their Standard Industrial Classification Code (SIC) as well as by North American Industry Classification System (NAICS) Code and Location. The Infogroup Business File can be used for locating both competitors and marketing opportunities. This data is current as of July 2011. Fields: Note: Using the Identify a Business tool , click on a business in your map area to see these fields for an individual business. Fields marked in blue below are not visible in the business layer attribute table or exportable from Business Analyst. Company Name (Actual field name=CONAME) – The legal, incorporated business name. Example: ESRI, AT&T, IBM. Address – Physical address of location. The address field cannot be used for direct mailing purposes.
    [Show full text]
  • View Annual Report
    Dear shareholders: First and foremost, I wish to personally thank each one of MTY’s franchisees, business partners and shareholders for their continuous support and contribution to our success in 2014. I truly appreciate and thank you for being a part of our growing family. In my letter last year, I indicated that 2014 would be a challenging year for MTY; our apprehensions did materialize and were compounded by the effect of adverse weather during the first half of 2014. Strong competitive pressure and a sluggish economy in many regions drove our same store sales down for a second straight year. We also saw 175 outlets close during the year, while 145 opened. Despite all its challenges, 2014 brought good news too; MTY closed 3 more acquisitions, adding 167 stores to the network and providing further depth into MTY’s portfolio of brands. Our system sales grew by 22%, reaching $888 million during the year. We expect system sales to exceed $1 billion in 2015 as a result of the recent acquisitions. MTY’s network stands at 2,727 stores at the end of our 2014 fiscal period. In that difficult environment, MTY’s employees executed strategies with discipline and creativity, and our expenses remained well-managed, enabling us to achieve satisfactory results. Excluding the impact of a one-time impairment charge taken on one of our trademarks, the income attributable to shareholder would have been up by 6% this year. Our EPS stood at $1.33 per share, a slight decline compared to 2013. Cash flows from operations were strong again during 2014, growing by 22% over last year.
    [Show full text]
  • Exclusive Ranking of the Industry's Top Operators
    TAKING IT TO THE STREETS STREET VENDORS ARE PLUS BRINGING GLOBAL FLAVOURS the FOOD FOR THOUGHT CASUAL-DINING SEGMENT NEXT25 FACES UNIQUE CHALLENGES THE 2016 TOP 100 EXCLUSIVE RANKING OF ALIX BOX THE INDUSTRY’S BREATHES TOP OPERATORS NEW LIFE INTO SECOND Second CUP CANADIAN PUBLICATION MAIL PRODUCT SALES AGREEMENT #40063470 CANADIAN PUBLICATION Chancesfoodserviceandhospitality.com $20 | JUNE 2016 Brand Culture Marketing & Promotions 14-5250 Satellite Drive, Mississauga, Ontario L4W 5G5 T: 905 361 0305 F: 905 629 9305 REVISION: FA DATE: APRIL 15, 2016 DOCKET: XXXX CLIENT: The French’s Food Company COLOUR: CMYK PROJECT: Table Top Ad 1 TRIM SIZE: 8.125 ” x 10.875” DESCRIPTION: Media Edge Full Page Ad BLEED SIZE: 8.375” x 11.125” CONTACT: Barbara MacDonald DATE REQUIRED: 2016 TYPE SAFETY: 7.125” x 9.625” HOME GROWN French’s supports Saskatchewan Farmers using 100% Canadian mustard seeds. French’s NOW also supports Southern Ontario Tomato Farmers with the addition of French’s Ketchup! Contact us for a FREE sample & learn how we can support your business. call 1 866 428 0119 email [email protected] visit www.frenchsfoodservice.ca ©2015 The French’s Food Company LLC THERE’S A MONIN FOR EVERY MEAL The possibilities are endless Grilled Peach Teriyaki Shrimp Skewers with Peach Fruit Purée Chicken & Apple Salad with Granny Smith Apple Syrup Raspberry & Chocolate Crepes with Dark Chocolate Sauce CONTACT US TODAY! NATIONAL PARTNER C.W. Shasky & Associates Ltd. GOURMET FLAVOURINGS 1 844 829 9414 | [email protected] Brand Culture Marketing &
    [Show full text]
  • Hotel Restaurant Institutional Japan
    THIS REPORT CONTAINS ASSESSMENTS OF COMMODITY AND TRADE ISSUES MADE BY USDA STAFF AND NOT NECESSARILY STATEMENTS OF OFFICIAL U.S. GOVERNMENT POLICY Required Report - public distribution Date: 12/26/2013 GAIN Report Number: JA 3526 Japan Food Service - Hotel Restaurant Institutional Japan HRI Food Service Sector Report 2014 Approved By: Steve Shnitzler, Director, ATO Japan Prepared By: Masayuki (Alex) Otsuka, Marketing Specialist, ATO Tokyo Report Highlights: The $361 billion food service industry has finally recovered from the negative impacts affected by the Great Earthquake in 2011. Per capita spending (including company spending) for HRI spending has made a significant contribution to the food service industry’s step by step growth. In addition, increased tourism has also contributed to the re-invigoration of the industry as HRI outlets are offering more international cuisines throughout the market place. Competition remains intense and the sophisticated Japanese consumer continues to demand high quality food products. U.S. suppliers are well positioned to compete in many products categories provided they are willing to adjust to changing market demand. - Table of Contents - I. MARKET SUMMARY A. Market Volume and Trends B. Sectors C. Value of Total Imported Food vs. Domestic Products D. Advantages and Challenges II. ROAD MAP FOR MARKET ENTRY A. Entry Strategy 1. Market Access 2. Competitive Analysis 3. Comparative Advantage of the Products 4. Receptivity of the Distribution Trade 5. Ability of Willingness to Meet Market Requirements B. Market Structure 1. Distribution 2. Segmentation i. Large Increase of Foreign Travelers to Japan ii. Spending More Time at Roadside Rest Areas and Airport Terminals iii.
    [Show full text]
  • Notice to Shareholders and Proxy Statement
    KAHALA BRANDS, LTD. 9311 East Via De Ventura Scottsdale, Arizona 85258 NOTICE OF A SPECIAL MEETING OF THE STOCKHOLDERS To be held July 21, 2016 Dear Kahala Brands, Ltd. Stockholder, You are cordially invited to attend a Special Meeting of the Stockholders of Kahala Brands, Ltd. (the “Company”) to be held on July 21, 2016, commencing at 10 a.m. Arizona time at the Company’s headquarters, located at 9311 East Via De Ventura, Scottsdale, Arizona 85258 (the “Meeting”). As stated in the press release distributed on behalf of the Company by the OTC Disclosure & News Service on May 25, 2016 (a copy of which is attached as Appendix E), the Company entered into a Transaction Agreement (the “Transaction Agreement”) providing for the merger (the “Merger”) of 113 Acquisition Corp. (“Merger Sub”), an indirect wholly-owned subsidiary of MTY Food Group Inc. (“Parent” or “MTY”), with and into the Company, and pursuant to which the Company will be the surviving corporation and will become an indirect wholly-owned subsidiary of Parent. Only holders of record of shares of the Common Stock, par value $0.001 per share (“Common Stock”), at the close of business on May 24, 2016 are entitled to notice of and to vote at the Meeting or at any adjournments or postponements thereof that may take place. All stockholders of record or their duly authorized proxies are cordially invited to attend the Meeting in person. The Company may require reasonable documentation to evidence ownership of Common Stock. Please note that cameras, recording devices and other electronic devices will not be permitted at the Meeting.
    [Show full text]
  • BANDAI NAMCO Group FACT BOOK 2019 BANDAI NAMCO Group FACT BOOK 2019
    BANDAI NAMCO Group FACT BOOK 2019 BANDAI NAMCO Group FACT BOOK 2019 TABLE OF CONTENTS 1 BANDAI NAMCO Group Outline 3 Related Market Data Group Organization Toys and Hobby 01 Overview of Group Organization 20 Toy Market 21 Plastic Model Market Results of Operations Figure Market 02 Consolidated Business Performance Capsule Toy Market Management Indicators Card Product Market 03 Sales by Category 22 Candy Toy Market Children’s Lifestyle (Sundries) Market Products / Service Data Babies’ / Children’s Clothing Market 04 Sales of IPs Toys and Hobby Unit Network Entertainment 06 Network Entertainment Unit 22 Game App Market 07 Real Entertainment Unit Top Publishers in the Global App Market Visual and Music Production Unit 23 Home Video Game Market IP Creation Unit Real Entertainment 23 Amusement Machine Market 2 BANDAI NAMCO Group’s History Amusement Facility Market History 08 BANDAI’s History Visual and Music Production NAMCO’s History 24 Visual Software Market 16 BANDAI NAMCO Group’s History Music Content Market IP Creation 24 Animation Market Notes: 1. Figures in this report have been rounded down. 2. This English-language fact book is based on a translation of the Japanese-language fact book. 1 BANDAI NAMCO Group Outline GROUP ORGANIZATION OVERVIEW OF GROUP ORGANIZATION Units Core Company Toys and Hobby BANDAI CO., LTD. Network Entertainment BANDAI NAMCO Entertainment Inc. BANDAI NAMCO Holdings Inc. Real Entertainment BANDAI NAMCO Amusement Inc. Visual and Music Production BANDAI NAMCO Arts Inc. IP Creation SUNRISE INC. Affiliated Business
    [Show full text]
  • M/A Hot Cover.Layout
    OUR ANNUAL TOP 50 REPORT THE MAGAZINE FOR HOTEL EXECUTIVES // JULY/AUGUST 2012 $20 PEAK 0 7 4 3 6 0 0 4 PERFORMERS # Canada’s top three hotel chains lead a parade of achievers T N E M E E R G A S E L A S T C U + D O R P L I HOTEL RESTOS • SAFETY & SECURITY • WIRELESS A M N O I T A C I L B U P N A I D A N A C hoteliermagazine.com P O F C N Eff. Res (PPI) P S 2 P 6.0.6 R P O A C Volume 24, Number 5 // July/August 2012 Cont ents Features 12 STANDING PROUD After a sloW start, the industrY’s Top 50 enjoYed a solid 2011 By Laura Pratt Scan to view our website 30 THE NEW NORMAL It’s out With the dull hotel restaurants and in With chef-driVen dining destinations By Adrian Bell 38 CHIC MAGNET Hotelier magaZine surVeYed hotels and suppliers to learn about the bedding, linen and draperY trends driVing guestroom design By Jackie Sloat-Spencer 45 SAFE HAVENS High securitY means loW anXietY for Canadian hoteliers By Denise Deveau 48 WI-FI OR DIE Hoteliers charging guests for Internet access could Departments be dead in the Water By Larry Mogelonsky 2 EDITOR’S PAGE 3 CHECKING IN 52 HOTELIER: AndreW Torriani, ON THE COVER: The RitZ-Carlton, Montreal Westmont HospitalitY’s KennY Gibson ( left) , Four Season’s Katie TaYlor (centre) and Fairmont Hotel’s Michael Glennie ( right) Illustrated bY Adrian Lubbers hoteliermagazine.com JULY/AUGUST 2012 HOTELIER 1 EDITOR’S PAGE ALL ABOUT RATES peak to anY hotelier and the issue that consistentlY surfaces is the challenge of SmoVing rates to the leVel theY need to be.
    [Show full text]
  • Annual Information Form 2019
    MTY FOOD GROUP INC. 8210 Trans-Canada Road St-Laurent, Quebec, H4S 1M5 Annual Information Form For the year ended November 30, 2019 February 23, 2020 TABLE OF CONTENTS PRELIMINARY NOTES AND CAUTIONARY STATEMENT .......................................... 5 CORPORATE STRUCTURE .......................................................................................... 6 Name, Address and Incorporation of the Company ...................................................................... 6 Intercorporate Relationships ............................................................................................................. 7 GENERAL DEVELOPMENT OF THE BUSINESS ......................................................... 7 Recent events ................................................................................................................................... 7 3 Year History .................................................................................................................................... 7 DESCRIPTION OF THE BUSINESS OF THE COMPANY ............................................. 9 Overview ............................................................................................................................................. 9 Restaurant Industry ....................................................................................................................... 10 Development of the Business ..................................................................................................... 11 System Sales ..................................................................................................................................
    [Show full text]
  • Annual Report 2018 Our Banners
    ANNUAL REPORT 2018 OUR BANNERS TM ® MTYGROUP.COM Dear fellow Shareholders, The year that just ended has been a transformational year for MTY. First, we have completed five transactions, investing $325 million and adding 702 locations to our network, bringing our system sales to $2.8 billion for 2018 and easily surpassing last year’s record-breaking $2.3 billion. Second, our founder and our COO of Canadian operations have announced they would concentrate on their board of director duties while focusing on realizing additional acquisition opportunities for MTY. Last, in November we put a solid leadership team in place that will help MTY achieve its goals. Their experience and long list of past successes will all contribute to helping our franchisees prosper and accelerate MTY’s growth. Among the acquisitions realized during 2018, the acquisition of Imvescor Restaurant Group Inc. (“IRG”) was the most significant in terms of total purchase consideration but also in terms of expanding MTY into the casual dining segment of the restaurant industry. The expertise we gained when the IRG team joined was invaluable and we hope they can help us grow further into a segment in which we had previously been less present. The strong performance of IRG and The Counter Custom Burgers/Built Custom Burgers since their acquisition has largely driven the 36% growth in EBITDA realized during 2018. Our EBITDA surpassed the $100 million mark for the first time this year and reached $127.7 million. The business continues to provide a high conversion rate of our EBITDA into cash flows; our operating cash flows also reached a record high this year, at $97.6 million.
    [Show full text]
  • GCC F&B Sector Report
    The GCC F&B Sector An Enticing Opportunity April 2017 GCC F&B Sector Report © ARDENT Advisory 1 GCC F&B Sector Report © ARDENT Advisory 2 Table of Contents Foreword 4 Key Takeaways 5 F&B Market Overview 7 GCC F&B Market Size 8 Average Spend on Food Service Categories 9 Investment Thesis 11 Demand Drivers 11 Key Risk Factors 14 M&A and PE Deals 16 Trends in F&B Sector in the GCC 19 Country Profiles 23 United Arab Emirates 23 Saudi Arabia 28 Qatar 31 Oman 34 Kuwait 36 Bahrain 38 Major F&B Players in the GCC 41 Kuwait Food Company 41 Kout Food Group 42 Herfy Food Service Company 43 GCC F&B Sector Report © ARDENT Advisory 3 Foreword When thinking about the most lavish and exotic Among all the GCC economies, the UAE’s F&B Food and Beverage (F&B) markets in the world, market expanded the fastest during 2010–2015, at one name that comes to the mind is the GCC. This a CAGR of 12%; this was closely followed by Saudi region has built a strong brand identity in the F&B Arabia and Qatar at 9.9% and 7.4%, respectively. In space, which has benefited its food service market Saudi Arabia, an increasing population is one of the and strengthened its foothold in the F&B industry major drivers of huge demand for food and in recent years. beverages, especially in the fast food and cafe segments. The rising number of tourists from the The F&B sector is also one of the major US and Europe is also fuelling the demand for beneficiaries of the GCC governments’ economic western casual dining concepts.
    [Show full text]