ONE Group Hospitality Highlights Benihana Synergies, Table Turns and Asset-Light Growth at Conference
Management said the Benihana acquisition was driven by the brand’s consumer resonance in experiential dining and the opportunity to gain scale by combining what it described as two of the top “vibe” brands, alongside STK. Executives pointed to supply chain and corporate cost opportunities, including shared purchasing benefits given both brands’ beef usage and the ability to operate under a combined general and administrative structure.Management said the company operates about 160 restaurants across 31 U.S. ...