Acquisitions · Restaurants
Create Restaurants to buy California Italian restaurant chain Il Fornaio
- Buyer
- Create Restaurants Holdings (Tokyo)
- Target
- Il Fornaio (America) LLC, California
- Value
- About ¥8.05B
- Status
- Announced on September 12, 2019; completion was planned for September 30, 2019.
- Date
- 2019-09-12
Create Restaurants Holdings agreed to buy Il Fornaio (America), an Italian restaurant and bakery chain based in California, for about ¥8.05 billion. The value comes from the company's Japanese disclosure.
Why it matters
The deal gave Create Restaurants, which runs many restaurant brands in Japan, an established full-service chain in the US.
Sources
Kakehashi M&A News home
