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http://www.businessweek.com/news/2012-11-06/p-dot-f-dot-chang-s-opens-eatery-in-istanbul-to-start-push-in-turkey

Bloomberg News

P.F. Chang’s Opens Eatery in Istanbul to Start Push in Turkey

November 06, 2012

P.F. Chang’s China Bistro Inc., the biggest operator of Asian full-service restaurants in the U.S. by market share, opened its first outlet in Turkey and plans to add one or two restaurants a year in the country.

The restaurant chain, taken private this year by buyout firm Centerbridge Partners LP for $1.1 billion, opened its first Turkish venture on Istanbul’s high-end entertainment street Nispetiye, the Scottsdale, Arizona-based company said today in an e-mailed statement.

“We aim to open one or two restaurants in Turkey every year,” Mete Kalayci, chief executive of P.F. Chang’s unit in the country, said in the statement. “Our priority is Istanbul and later we will open in other cities.”

To contact the reporter on this story: Ercan Ersoy in Istanbul at eersoy@bloomberg.net.

To contact the editors responsible for this story: Benedikt Kammel at bkammel@bloomberg.net


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