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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 ]
The first of the now-cross-country restaurant chain appeared in Scottsdale, Arizona in 1993. The name P.F. Chang's is derived from Paul Fleming's initials (“PF"). 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]
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 ...
Based on the aggregated intelligence of 180,000-plus investors participating in Motley Fool CAPS, the Fool's free investing community, restaurant operator P.F. Chang's China Bistro (NAS: PFCB) has ...
Margins matter. The more P.F. Chang's China Bistro (NAS: PFCB) keeps of each buck it earns in revenue, the more money it has to invest in growth, fund new strategic plans, or (gasp!) distribute to ...
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P. F. Chang's China Bistro is an American-based, Asian-themed, casual dining restaurant chain founded in 1993 by Paul Fleming and Philip Chiang. The first P.F. Chang’s restaurant opened that same year in Scottsdale, Arizona, which is also the site of the company headquarters. [1]. P.F. Chang’s was acquired by Centerbridge Partners in 2012. [2]
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