P.F. Chang's

Food

Asian cuisine evolution

Niche cuisines are driving chain menu development in the Asian segment.

Financing

Private-equity firms acquire P.F. Chang’s

Paulson & Co. and TriArtisan Capital Advisors have closed on their purchase of the Asian casual-dining chain.

TriArtisan Capital Partners and Paulson & Co. will buy the Asian casual-dining chain from Centerbridge, according to Bloomberg.

The casual-dining chain, which began exploring a sale in July, has been owned by Centerbridge Partners since 2012.

Operators are tapping seasonal ingredients and holiday flavors to create new dishes.

The company has hired advisors and has some interested buyers.

The Asian casual chain says credit card data from as many as 33 restaurants may have been stolen in the security breach that was reported in June.

The project is intended to identify high growth chains that hold the greatest opportunity for customer development and emerging menu trends with strong new...

More than half of the restaurant industry’s $491 billion in sales come from the Top 500 chains. And these giants grew at a modestly stronger rate, both in terms of sales and store counts, than the industry overall. Restaurant Business focused on the leading 250 performers to identify trends for our first-ever special report delivering lessons from Technomic’s annual Top 500 Chain Restaurant Report. This special package includes lessons for all operators from the largest chains by segment, menu category and more.

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