Panda Express, founded by Andrew and Peggy Cherng, is far more than just a fast-food Chinese restaurant chain. Through their investment group, Panda Restaurant Group, they also own two other significant restaurant concepts: Hibachi-San and Uncle Tetsu Japanese Cheesecake.
Hibachi-San, acquired in 2008, is a quick-service Japanese grill offering customizable teppanyaki-style meals, allowing customers to select their protein, vegetables, and sauces. This acquisition expanded Panda Restaurant Group’s portfolio beyond solely Chinese cuisine, demonstrating their interest in diverse Asian flavors.
Uncle Tetsu Japanese Cheesecake, a popular bakery originating in Japan, was brought to the United States through a partnership between the Cherngs and the brand’s founder, Tetsushi Mizokami. Known for its light and fluffy, jiggly cheesecakes, Uncle Tetsu has garnered a cult following for its signature dessert and other Japanese-inspired pastries.
The ownership of these different restaurant chains highlights the Cherngs’ business acumen and their strategic vision for the Panda Restaurant Group. They’re not just content with Panda Express’ success; they’re actively investing in and expanding their culinary footprint with brands that resonate with different segments of the market. These ventures reveal a broader ambition to cater to a variety of Asian-inspired tastes and dining experiences beyond the familiar Panda Express offerings.
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