US EditionFoodtastic Has Built a $1B Restaurant Empire — but Its CEO Is Still Hungry for More
- Foodtastic, a Montreal-based business, has 1,200 locations in its 27 chains and aims to triple sales to $3 billion in five years, according to CEO Peter Mammas.
- Mammas is reviewing his portfolio and is open to acquisitions, with a focus on distressed chains like Second Cup and Freshii, as noted by The Canadian Press.
- Sales dipped by two percent due to U.S. tariffs but rebounded in spring, boosted by a buy Canadian sentiment, as reported by The Canadian Press.
- Foodtastic plans to add 200 Jimmy John's locations in Canada by 2034, positioning itself against U.S. brands like Firehouse Subs.
Insights by Ground AI
Does this summary seem wrong?
18 Articles
18 Articles
The founder of the Montreal conglomerate at 1200 restaurants plans to triple its turnover within five years.
·Montreal, Canada
Read Full Article
Coverage Details
Total News Sources18
Leaning Left9Leaning Right2Center2Last UpdatedBias Distribution69% Left
Bias Distribution
- 69% of the sources lean Left
69% Left
L 69%
15%
15%
Factuality
To view factuality data please Upgrade to Premium
