Genki Global Dining Concepts to buy Australian sushi operator

Japan’s Genki Global Dining Concepts is acceptable to get Food Odyssey, which operates astir 180 Sushi Sushi restaurants successful Australia.

The fiscal details of the transaction were not disclosed.

Following completion, Food Odyssey volition run arsenic a subsidiary of Genki Global Dining Concepts.

In a statement, Genki Global Dining Concepts said: “This transaction is portion of an effort to presumption the ever-growing overseas Japanese nutrient and sushi marketplace arsenic the halfway of a medium- to semipermanent maturation strategy, with an oculus connected the maturation of the home market.

“Going forward, the company's semipermanent extremity is to go 1 of the world's starring Japanese sushi brands successful presumption of store numbers, and to go 1 of the world's starring QSR [quick work restaurant] brands.”

Founded successful 1968, Genki Global Dining Concepts runs respective sushi edifice brands internationally, including Genki Sushi, Senry and Uobei.

The radical operates much than 430 stores crossed 14 countries, including China, Hong Kong, Indonesia, Kuwait, the Philippines, and the US.

Sushi Sushi's CEO Stephen Anders confirmed the merchantability successful a LinkedIn post and said the determination would enactment the brand’s maturation plans successful Australia and abroad.

He said: “Seven years successful this concern person reinforced what it takes to alteration a web of retail outlets into a cohesive, high-performing maturation platform.

“It requires a clear, disciplined maturation strategy, inspiring retail environments, exertion that simplifies the lawsuit travel and insights that thrust continuous improvement. I’m incredibly arrogant of the category-leading concern we’ve built.”

"Genki Global Dining Concepts to bargain Australian sushi operator" was primitively created and published by Verdict Food Service, a GlobalData owned brand.

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