Tag: Minor Food

  • Minor Food Targets 4,500 Outlets by 2029 in Global Franchise Push

    Minor Food Targets 4,500 Outlets by 2029 in Global Franchise Push

    The Minor Food Group Plc plans to expand its network to more than 4,500 food and beverage outlets by 2029, leaning on franchise partnerships to drive cross-border growth. The conglomerate currently runs more than 3,000 stores across 27 countries, meaning the plan requires adding roughly 1,500 locations over the next five years.

    About two-thirds of the group’s current footprint remains concentrated in Thailand. Roughly half of the existing 3,000 outlets run under franchise agreements, and Chief Development Officer Thunyachate Ekvetchavit said the majority of future openings will use the franchise model rather than direct company ownership.

    Targeting High-Density Offshore Hubs

    Management is directing international development toward Indonesia, Vietnam, South Asia and the Middle East. These markets offer favourable consumer demographics and rising discretionary spending on casual dining, giving established multi-brand operators room to scale without committing massive capital expenditure to real estate leases.

    By shifting the capital expenditure burden to local franchisees, Minor Food lowers its exposure to commercial property cycles across volatile emerging markets. The model mirrors the playbook long deployed by global fast-food giants, yet it shifts the primary execution risk directly onto franchisee balance sheets and local supply chain logistics.

    Building Domestic Traffic and Retail Partnerships

    On its home turf, Minor Food is deepening ties with commercial landlords and fuel retailers to secure steady customer footfall. Recent arrangements pair the company with CP Axtra Plc, which operates wholesale brand Makro and hypermarket chain Lotus’s, alongside PTT Oil and Retail Business Plc to place restaurant brands into petrol stations and roadside convenience hubs.

    These tie-ups give the operator captive traffic in non-traditional retail real estate while domestic mall footfall fragments across Bangkok. Securing perimeter retail locations inside high-traffic grocery nodes and highway forecourts shields store margins against rising inner-city commercial rents.

    Scaling Bonchon and Launching Chicho Ramen

    Cross-border scale gained momentum following the acquisition of Bonchon International, which gave the group full control of the Korean fried chicken franchise. Minor Food plans to expand Bonchon into Europe, the Middle East and wider Asian territories, using the established global recognition of the brand to enter territories where its legacy Western fast-food franchises face saturated competition.

    Back in Bangkok, the group is launching a new proprietary concept named Chicho Ramen on 30 October at Lotus’s Sukhumvit 50. Minor Food plans to scale Chicho Ramen to between 90 and 100 stores within three years, seeking to contest a local ramen sector dominated by a single major chain alongside fragmented independent shops.

    Managing Commodity Pressures

    Cost pressures remain contained across the restaurant system despite ongoing geopolitical frictions affecting global shipping routes. Raw material expenses across the supply chain rose about 3 per cent, while logistics costs increased only marginally, cushioned by hedging programs and bulk-purchasing contracts across regional vendors.

    The immediate operational test arrives with the debut of Chicho Ramen on 30 October, which will show whether Minor Food can build another domestic mass-market chain from scratch while hunting master franchisees across the Middle East and Southeast Asia.

  • CP Axtra to Roll Out Five Food Chains Across Makro and Lotus Stores

    CP Axtra to Roll Out Five Food Chains Across Makro and Lotus Stores

    Thai retailer CP Axtra partnered with Minor Food Group in October 2026 to introduce five restaurant brands across select Makro and Lotus stores.

    Under the corporate franchise agreement, CP Axtra will invest in and own the outlets, while Minor Food will manage operations across Dairy Queen, Swensen’s, Gaga Cafe, Bonchon, and The Steak & More.

    Benchawan Ongsri, chief mall officer of CP Axtra, said the partnership deepens collaboration between the two companies under CP Axtra’s Happy & Healthy Mall development strategy.

    How the Corporate Franchise Framework Works

    This arrangement alters standard retail leasing. Instead of acting as a commercial landlord collecting tenant rent, CP Axtra commits capital expenditure directly into restaurant buildouts. Minor Food provides its operational workforce, ingredient supply chains, and management systems across each brand.

    Minor Food operates more than 3,000 restaurants across 25 countries. The group brings established operational protocols to the partnership. In turn, CP Axtra provides prime floor space and immediate customer footfall from its existing grocery shoppers.

    Changing Commercial Terms for Mall Footprint

    Hypermarket operators rarely monetize secondary retail space through this structure. Traditional lease models leave landlords vulnerable to tenant turnover and vacant restaurant units when regional consumption slows. By purchasing franchise rights and paying Minor Food to manage the locations, CP Axtra captures dining sales revenue directly while controlling its tenant mix.

    For Minor Food, the framework secures access to high-footfall grocery properties without burdening its balance sheet with fit-out capital. CP Axtra absorbs the capital risk of store buildouts. Minor Food assumes the operational execution risk across the joint sites.

    Building Out the Happy & Healthy Mall Network

    CP Axtra runs the wholesale chain Makro alongside the Lotus’s supermarket and hypermarket network. The company has steadily remodeled existing properties into lifestyle-focused shopping centers designed to increase customer dwell time beyond routine grocery trips.

    Established fast-casual and dessert brands give CP Axtra dependable footfall anchors. Quick-service dessert concepts Dairy Queen and Swensen’s capture incidental purchases from supermarket shoppers. Casual dining formats Bonchon and The Steak & More draw evening family trade.

    Next Steps for Store Conversions

    Rollout plans begin across high-potential Makro and Lotus’s branches nationwide, prioritizing urban centers with verified footfall data before expanding into provincial hubs. Store opening schedules and initial site selections in Bangkok and key provincial centers will determine the pace of the joint expansion.

  • Minor takes The Coffee Club to Vietnam

    Minor takes The Coffee Club to Vietnam

    Vietnam Investment Group (VI Group) has signed a master franchise agreement with Minor International’s subsidiary Minor Food to bring The Coffee Club to Vietnam. Under the joint venture, VI and Minor plan to open 100 The Coffee Club outlets over the next five years.

    “With the flourishing coffee market and favourable macro trend, we are very optimistic about the opportunity to strengthen our presence in the country and grow The Coffee Club brand nationwide,” said Paul Kenny, CEO at Minor Food.

    According to Chaiyapat Paitoon, deputy chief financial officer and strategic planning for Minor International, restaurant businesses show strong potential in Vietnam because people “want a wider variety of cuisines, paving the way for foreign players to come in and offer different choices in addition to traditional, local and street food”.

    “The Coffee Club offers a distinctive restaurant experience with great selections of food and beverages menus, excellent coffee and a welcoming relaxed atmosphere enriching the contemporary lifestyles of the Vietnamese consumers,” said David Do, VI Group MD.

    The joint venture plans to open 20 The Coffee Club restaurants next year.

    Minor is no stranger to Vietnam’s F&B market. It first established its restaurant footprint there  in 2009 launching three casual-dining restaurant brands, including The Pizza Company, Swensen’s and Thai Express. It now has 83 outlets nationwide across those brands, 60 of them under the Pizza Company banner.

    Apart from The Coffee Club, Minor is also looking for opportunities to launch other restaurant brands into Vietnam at a later stage.

    Opening its first store in Brisbane in 1989, The Coffee Club claims to have become Australia’s largest home-grown cafe group with more than 400 outlets throughout Australia, New Zealand, the Maldives, Seychelles, Thailand, Indonesia and the UAE. Thai-headquartered Minor International owns 50 per cent of The Coffee Club.

    Analysis: Fit for Vietnam?

    Entering Vietnam market means The Coffee Club is competing with fast-growing coffee chains like local operators The Coffee House and Highlands, and international chains such as Starbucks and The Coffee Bean and Tea Leaf, the latter of which has struggled to gain critical mass in the market and several months ago closed its flagship in downtown Ho Chi Minh City. Fellow Australian restaurant chain The Hog’s Breath Cafe also gave up last year after about seven years in the market.

    If The Coffee Club’s Vietnam outlets follow the Australian format, they will focus more on lunches, brunches and dinners than coffee as their name might suggest, although it does serve coffee on site and for takeaway.

    The company faces challenges in sourcing ingredients, many of which will come from offshore, and finding real estate at an affordable price. Those two factors combined will create price pressure for the brand, despite the affordability of labour in Vietnam.