Mar 01, 2019 · By Jonathan Maze on Mar. 01, 2019. A pair of private-equity firms on Friday said that they have closed on their acquisition of P.F. Chang’s. Paulson & Co. and TriArtisan Capital Advisors have acquired the 300-unit chain from Centerbridge Partners. Terms of the deal were …
Even though the first P.F. Chang’s opened in 1993, the story begins in the early 1960s. Cecilia Chiang was flourishing in the wild success of her Chinese restaurant, The Mandarin. Flash forward to 1974 and she has a second location in Beverly Hills, feeding celebrities like John Lennon and Yoko Ono.
Is PF Chang’s American owned?
Chinese restaurant chain P.F. Chang’s China Bistro Inc., burdened with a heavy debt load and fierce industry competition, entered an agreement to be sold to TriArtisan Capital Partners LLC and Paulson & Co.Jan 11, 2019
What does PF stand for in PF Changs?
Paul Fleming
P.F. Chang’s was conceived and developed by Paul Fleming (P.F.) and Philip Chiang (Chang) so both names were incorporated into the name of the concept.
Is Pei Wei owned by PF Changs?
Pei Wei was split from P.F.Chang’s in 2017, and has 193 restaurants across 19 states and South Korea. PWD Acquisition is owned by Lorne Goldberg, who also owns the Asian brands Pick Up Stix, Leeann Chin and Mandarin Express.Jun 5, 2019
Who owns PF Chang’s and Cheesecake Factory?
Centerbridge Partners L.P.
-based casual-dining chain has been owned by New York-based private-equity firm Centerbridge Partners L.P. since 2012, when it took P.F. Chang’s and its sibling fast-casual Pei Wei Asian Kitchen brand private in a deal estimated at $1.1 billion.Jan 11, 2019
Who owns Paul Martin’s American Grill?
Paul Martin Fleming
Paul Martin Fleming is an American restaurateur. He has developed a number of restaurant chains, including P. F. Chang’s China Bistro, Fleming’s Prime Steakhouse & Wine Bar, Pei Wei Asian Diner, Z’Tejas Grills, and Paul Martin’s American Grill.
Panda Restaurant Group, Inc., parent company of Panda Inn, Panda Express and Hibachi-San, was founded by Andrew and Peggy Tsiang Cherng and Andrew’s father, Master Chef Ming-Tsai Cherng, the family originating in the Yangzhou region of China’s Jiangsu province.
When Damola Adamolekun became CEO of P.F. Chang’s China Bistro in 2020, he pinpointed two challenges to deal with: What was going on inside the Asian casual-dining chain’s restaurants.Apr 12, 2022
Who owns Pei Wei?
Fast-casual Asian restaurant brand Pei Wei Asian Kitchen has been sold by private investment firm Centerbridge Partners, L.P. to PWD Acquisition, the companies said Wednesday. PWD Acquisition LLC is owned by Lorne Goldberg, who also owns and operates quick-service Asian brands Laguna Hills, Calif.Jun 5, 2019
Why does PF Chang’s have a horse?
According to P.F. Chang’s website, “Our majestic 11 ft. tall horses grace the entrance to many of our restaurants. The horse symbolizes the original Forbidden City in China, which was built for China’s first emperor Qin Shi Huangdi.”Mar 27, 2013
Is Panda Express owned by Mcdonald’s?
Panda Express is a subsidiary of the Panda Restaurant Group, Inc. The Panda Restaraunt Group was founded in 1973 by Andrew Cherng and his father, Ming-Tsai Cherng. Their first restaraunt chain they opened up is Panda Inn, in Pasadena, California.
Even though the first P.F. Chang’s opened in 1993, the story begins in the early 1960s. Cecilia Chiang was flourishing in the wild success of her Chinese restaurant, The Mandarin. Flash forward to 1974 and she has a second location in Beverly Hills, feeding celebrities like John Lennon and Yoko Ono.
P.F. Chang’s Today
P.F. Chang’s is an Asian restaurant concept founded on making food from scratch every day in every restaurant. Created in 1993 by Philip Chiang and Paul Fleming, P.F. Chang’s is the first multi-unit restaurant concept in the U.S. to honor and celebrate the 2,000-year-old tradition of wok cooking as the center of the guest experience.
