Thursday, March 31, 2016

Swiss Chalet owner buys St. Hubert

Cara, owner of the Swiss Chalet chain, has bought St. Hubert, a similar chicken-menu restaurant chain based in Quebec for $537 million.

The deal has touched off a firestorm of criticism from Quebeckers who don’t like the chain being sold to a company headquartered outside the province.

The deal involves 120 restaurants, two processing plants and two distribution centres and St. Hubert’s real estat.

Cara not only owns the Swiss Chalet chain, but also Harvey’s, Kelsey's, East Side Mario's and New York Fries.