11/11/2023 0 Comments Dead mint clubThe acquisition comes at an opportune time for MINT, as it continues to build on its track record of success and strengthen its position in the global marketplace. This strategic move marks a significant milestone in MINT's ambitious growth plans worldwide and reinforces its position as an industry frontrunner. By combining the strengths of Sizzler brand and MINT’s expertise with local partners' market knowledge and capabilities, the company is poised to create a formidable force in the western dining sector across the globe.Įarlier, MINT announced its decision to acquire 100% stake in its Sizzler brand franchisor worldwide, excluding USA, Puerto Rico and Guatemala. These markets have shown tremendous potential for growth as MINT has historically received the strong interest expressed by its existing franchisees, who possess robust F&B capabilities in these countries. MINT has identified a few priority markets for its expansion efforts: the CLMV region (Cambodia, Laos, Myanmar, and Vietnam) and the Middle East (such as the UAE). With the experience of operating over 60 outlets in Thailand (with assets worth THB 1.2 billion) for three decades, MINT will gain full control of the brand identity and the right to leverage on its proven innovative formats and concepts in other markets. Recognizing the untapped potential and proven growing demand with solid sales growth every year, MINT aims to broaden its footprint beyond current markets of Thailand and Japan and establish a strong presence in new countries.
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