Company type | Subsidiary |
---|---|
Industry | Restaurant |
Headquarters | , United States |
Area served | Global |
Key people | Eric Lefebvre (CEO)[1] |
Parent | MTY Food Group (2016–present) |
Website | kahalamgmt |
Kahala Brands is a wholly owned subsidiary of Canada-based MTY Food Group Inc. of Montreal, Quebec. Based in Scottsdale, Arizona, Kahala is one of North America's largest holding company of franchise fast food restaurant companies.[2] In May 2016, the publicly traded Canadian MTY Food Group announced a friendly takeover deal with the Kahala Brands. MTY agreed to pay about US$300 million to acquire Kahala. The two companies generated nearly $2 billion in revenues in the previous year.[3][4] Jeff Smit was chosen to lead the US operations of MTY.
prn-2016jul26
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