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P. F. Chang's China Bistro is an American-based, casual dining restaurant chain founded in 1993 by Paul Fleming and Philip Chiang that serves Asian fusion cuisine. Centerbridge Partners owned and operated Chang's until acquired by the private equity firm TriArtisan Capital Advisors on March 2, 2019. [ 6 ]
He also conceptualized Pei Wei Asian Diner, a casual, quick-service offshoot of P.F. Chang's. P.F. Chang's was sold in 2012 for $1.1 billion. [ 12 ] With co-founder Bill Allen, Fleming developed another restaurant chain that bears his name: Fleming's Prime Steakhouse & Wine Bar , [ 13 ] which started in 1998 in Newport Beach , California.
In 2020, Damola became P. F. Chang’s first Black CEO at the age of 31. [20] [21] [22] During his tenure, the company launched P. F. Chang’s To Go, a concept that led to the growth of the brand’s delivery business. He also navigated the company through Covid-19 pandemic challenges, returned it to profitability with a 31.7% increase in ...
P.F. Chang’s is offering free dumplings to customers who’ve been dumped before Valentine’s Day. ... CBS News. Donald Trump Jr. joins e-commerce company, sending its shares up 270% ...
Damola Adamolekun, P.F. Chang’s CEO and Paulson & Co. Partner joins the Yahoo Finance Live panel to discuss P.F. Chang’s To Go concept and the impact of COVID on the restaurant industry.
November 12, 2024 at 8:54 AM Before you order your usual lettuce wraps and Mongolian beef on your next P.F. Chang’s run, consider this: The chain just launched fried chicken .
Chiang was born in 1948 in Shanghai. [2] [3] He spent his childhood in Japan, his parents having fled China in 1949 due to the Communist takeover. [4]His father served as a diplomat for Taiwan. [4]
Centerbridge Partners bought PF Chang's back in 2012 in a $1.10-billion deal including Pei Wei Asian Diner. However, those two brands are now separate from each other.