Reading Time: < 1 minute 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
Reading Time: 2 minutes 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
Reading Time: 2 minutes 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
Reading Time: 3 minutes 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
Reading Time: 3 minutes 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
A message from April Stewart, Country Guide's Associate Editor
