Grupo MYT, one of the largest portfolios of fully owned restaurant brands in Mexico, received a strategic investment from the Latin America fund of L Catterton.
The amount of the deal was not disclosed.
The investment will be used to support and accelerate Grupo MYT’s expansion and growth throughout Mexico.
Founded in 2003 by brothers, Carlos, Andrés and Alfredo Mier y Terán, Grupo MYT designs, builds and operates restaurant models for the casual food segment in Mexico. Its portfolio includes Moshi Moshi, an innovative Japanese casual dining restaurant; La Imperial, a polished casual Mexican restaurant and cantina; Cocina Abierta, a full-service multi-genre food hall; and La Crepe Parisienne, a kiosk format offering freshly made sweet and savory crepes and coffee bar.
The company is based in Mexico City.