Type Private Genre Casual dining Area served Worldwide | Industry Restaurant Number of locations 204 (2012) Parent organization Centerbridge Partners | |
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Key people Michael Osanloo
CEO of P.F. Chang’s China Bistro, Inc. Headquarters Scottsdale, Arizona, United States Founded 1993, Scottsdale, Arizona, United States CEO Richard L Federico (Jan 2012–) Subsidiaries Pei Wei Asian Diner, PFCCB Maryland Inc Founders Paul Fleming, Philip Chiang Profiles | ||
P. F. Chang's is an Asian-themed US casual dining restaurant chain founded in 1993 by Paul Fleming and Philip Chiang, owned and operated by Centerbridge Partners, and headquartered in Scottsdale, Arizona. As of October 2014, P. F. Chang's operated 204 restaurants in the United States and 56 in international markets under licensee agreements. Countries include Canada, Puerto Rico, Mexico, Argentina, Chile, Brazil, Colombia, Costa Rica, Panama, Turkey, Lebanon, Philippines, South Korea, Dominican Republic and the Middle East. It is the largest full service, casual dining Chinese restaurant chain in the United States with locations across the country.
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"P. F. Chang's" is the namesake of Paul Fleming (P. F.) and Philip Chiang (whose surname is shortened to Chang).
Opening in London UK with Diverse Dining (arm of Alshaya Kuwait) in 2017.
History
The chain was founded in 1993 by Paul Fleming and Philip Chiang - son of Cecilia Chiang. The first restaurant was opened at the Scottsdale Fashion Square in Scottsdale, Arizona. In 1993, P.F. Chang's China Bistro, Inc. was formed from the acquisition of the original four bistro restaurants. On July 2, 2012 Centerbridge Partners completed the purchase of P.F. Changs China Bistro and the company is no longer publicly held.
In 2010, "P.F. Chang's Home Menu" was introduced. The brand represents a group of frozen appetizers and meals that were sold under license by Unilever.
ConAgra Foods, Inc. acquired the P.F. Chang's Home Menu license from Unilever in August 2012.
2004: Restatement
On March 15, 2004, the company reported that it had modified its partnership accounting, which resulted in a restatement of its financial results for prior years. On March 17, 2005, the company was to adjust its accounting for leases in order to conform with U.S. generally accepted accounting principles. Accordingly, management and the audit committee determined that the company's previously issued consolidated financial statements, including those in the company's Annual Report on Form 10-K for the fiscal year ended Dec. 28, 2003, and those in the company's Quarterly Reports on Form 10-Q for the first three fiscal quarters of 2004, should no longer be relied upon.
Menu
The chain specializes in American Chinese cuisine. Wine, specialty drinks, Asian beers, sake, cappuccino and espresso are available outside standard beverage offerings.
P. F. Chang's also offers gluten-free options and has been recognized for this by the Gluten Intolerance Group of North America.