The ONE Group Hospitality, Inc. Completes Acquisition of Owner of Benihana
First Quarter 2024 Earnings Conference Call and Webcast Scheduled for
“We are delighted to have completed the acquisition and look forward to this next chapter for our Company,” said Emanuel “Manny” Hilario, President and Chief Executive Officer of
Earnings Conference Call and Webcast
Emanuel “Manny” Hilario, President and Chief Executive Officer, and
The conference call can be accessed live over the phone by dialing 416-764-8658. A replay will be available after the call and can be accessed by dialing 412-317-6671; the passcode is 03183315. The replay will be available until
The webcast can be accessed from the Investor Relations tab of The ONE Group’s website at www.togrp.com under “News / Events.”
About
-
STK, a modern twist on the American steakhouse concept with restaurants in major metropolitan cities in the
U.S. ,Europe , and theMiddle East , featuring premium steaks, seafood, and specialty cocktails in an energetic upscale atmosphere. -
Benihana , a leading operator of highly differentiated experiential brands that owns the only national teppanyaki brand in the US. The Company also franchises Benihanas in theU.S. ,Caribbean ,Central America , andSouth America . -
Kona Grill , a polished casual, bar-centric grill concept with restaurants in theU.S. , featuring American favorites, award-winning sushi, and specialty cocktails in an upscale casual atmosphere. -
RA Sushi, a Japanese cuisine concept that offers a fun-filled, bar-forward, upbeat, and vibrant dining atmosphere with restaurants in the
U.S. anchored by creative sushi, inventive drinks, and outstanding service. -
ONE Hospitality, The ONE Group’s food and beverage hospitality services business, develops, manages, and operates premier restaurants and turnkey food and beverage services within high-end hotels and casinos currently operating venues in the
U.S. andEurope .
Forward Looking Statements
This press release includes “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995, including with respect to growth and development opportunities. Forward-looking statements may be identified by the use of words such as “target,” “intend,” “anticipate,” “believe,” “expect,” “estimate,” “plan,” “outlook,” and “project” and other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. A number of factors could cause actual results or outcomes to differ materially from those indicated by such forward-looking statements, including but not limited to: (1) our ability to integrate the new restaurants into our operations without disruptions to operations; (2) our ability to capture anticipated synergies; (3) our ability to open new restaurants and food and beverage locations in current and additional markets, grow and manage growth profitably, maintain relationships with suppliers and obtain adequate supply of products and retain employees; (4) factors beyond our control that affect the number and timing of new restaurant openings, including weather conditions and factors under the control of landlords, contractors and regulatory and/or licensing authorities; (5) our ability to successfully improve performance and cost, realize the benefits of our marketing efforts and achieve improved results as we focus on developing new management and license deals; (6) changes in applicable laws or regulations; (7) the possibility that
Investors are referred to the most recent reports filed with the
View source version on businesswire.com: https://www.businesswire.com/news/home/20240430783186/en/
Investors:
ICR
(646) 277-1224
Michelle.Michalski@icrinc.com
Media:
ICR
(203) 682-8269
Madison.mcgillicuddy@icrinc.com
Source: