Benihana

Financing

STK parent One Group completes acquisition of Benihana for $365M

The deal nearly triples One Group's footprint and brings its total annual revenue to more than $1 billion.

Financing

In the Benihana deal, a sign of the restaurant M&A times

The Bottom Line: The venerable Japanese steakhouse chain fetched a modest multiple in its sale to The One Group. But that’s where values have fallen these days.

Acquiring the 86-unit teppanyaki chain will make the owner of STK and Kona Grill a $1 billion company. And it's just the beginning of an ambitious long-term growth plan.

The deal for Safflower Holdings, which also includes the RA Sushi brand, will nearly triple One’s footprint to 168 locations worldwide.

Restaurant Rewind: Calling the wrestler-turned-playboy a free spirit is like saying Michael Jordan could shoot.

The Bottom Line: Benihana is apparently on the market, according to reports, helping to signal that the market for restaurants is improving.

Get Top 500 data: sales, units and YOY change, average unit volume, and company/franchise units, as well as Technomic’s analysis, growth forecast and more.

The longtime Morton's exec will oversee the company's three Japanese brands.

A hibachi steakhouse chain offering Japanese fare prepared exhibition-style at guests' tables

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