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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 ]
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 ...
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]
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.
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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.
The restaurant chain was created as Pei Wei Asian Diner in 2000 by P. F. Chang's China Bistro (PFCB) to compete in the fast casual restaurant segment with a Pan Asian menu and quick, made-to-order service model, while P. F. Chang's remained in the full-service restaurant segment. [2] The first Pei Wei location opened in Scottsdale in 2000. [3]
Philip Chiang（江一帆） is the co-founder of P. F. Chang's. [1] Biography. Early life. Chiang was born in 1948 in Shanghai.