Reuters — Recipe Unlimited Corp. said on Tuesday shareholder and investment firm Fairfax Financial Holdings has proposed to take the Canadian restaurant operator private for $1.23 billion, sending its shares up nearly 50 per cent. The offer price marks a premium of more than 53 per cent to Recipe’s last close. The shares have fallen […] Read more
Fairfax proposes takeover of Recipe dining group
Chains include The Keg, Swiss Chalet, Harvey's
The Keg to merge into Swiss Chalet, Harvey’s parent
Major Canadian steakhouse chain The Keg is set to merge into Cara Operations, the parent for dining chains such as Swiss Chalet, Harvey’s, St-Hubert and Milestones, in a $200 million cash-and-stock deal. The two companies said Tuesday a merger will afford them “synergistic opportunities in marketing, real estate and overall costs that will help further […] Read more
Cara to buy control of Original Joe’s chains
Chain restaurant firm Cara Operations is set to buy a bigger presence in Canada’s West, with a deal for control of the Original Joe’s, State + Main, and Elephant + Castle pub-style restaurant chains. Cara, whose other chains in North America include Swiss Chalet and Harvey’s, announced last week it will pay $93 million for […] Read more
Cara to buy St-Hubert restaurant, food businesses
Reuters — Cara Operations, owner of the Swiss Chalet casual dining chain and Harvey’s burger outlets, said Thursday it will buy St-Hubert BBQ, one of Quebec’s largest casual dining chains, for $537 million to gain a foothold in the province. The deal, expected to close this summer pending regulatory approvals, was cheered by analysts and investors. […] Read more
Egg farmers to phase out cage housing over 20 years
Winnipeg | Reuters — Canada’s egg farmers plan to replace conventional hen cages with more humane conditions over the next 20 years, amid growing pressure from consumers, restaurants and food companies. The plan — announced Friday by Egg Farmers of Canada, an industry group that manages nearly all of the country’s egg supply — comes […] Read more
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