P. F. Chang's China Bistro is an Asian-themed US casual dining restaurant chain founded in 1993 by Paul Fleming and Philip Chiang, owned and operated by Centerbridge Partners, and headquartered in Scottsdale, Arizona. The chain specializes in American Chinese cuisine, plus other Asian dishes. Employees describe the menu as "Asian flavors." As of October 2017, P. F. Chang's operated 208 restaurants in the United States and over 100 in international markets under licensee agreements. Countries include Canada, Mexico, Argentina, Chile, Brazil, Colombia, Costa Rica, Panama, Turkey, Lebanon, Philippines, South Korea, Dominican Republic, Egypt, Jordan, Kuwait, Qatar, Saudi Arabia, Bahrain, United Arab Emirates, and the United Kingdom.
"P. F. Chang's" is the namesake of Paul Fleming (P. F.) and Philip Chiang (whose surname was simplified to Chang).
Video P. F. Chang's China Bistro
History
The chain was founded in 1993 by Paul Fleming and Philip Chiang - son of Cecilia Chiang. The first restaurant was opened at the Scottsdale Fashion Square in Scottsdale, Arizona. In 1993, P.F. Chang's China Bistro, Inc. was formed from the acquisition of the original four bistro restaurants. On July 2, 2012 Centerbridge Partners completed the purchase of P.F. Changs China Bistro and the company is no longer publicly held.
In 2010, "P.F. Chang's China Bistro Home Menu" was introduced. The brand represents a group of frozen appetizers and meals that were sold under license by Unilever.
ConAgra Foods, Inc. acquired the P.F. Chang's China Bistro Home Menu license from Unilever in August 2012.
In December 2017, the company announced that they would open a location in Shanghai during the first part of 2018, P.F. Chang's first location in China.
2004 restatement
On March 15, 2004, the company reported that it had modified its partnership accounting, which resulted in a restatement of its financial results for prior years. On March 17, 2005, the company adjusted its accounting for leases in order to conform with U.S. generally accepted accounting principles. Accordingly, management and the audit committee determined that the company's previously issued consolidated financial statements, including those in the company's Annual Report on Form 10-K for the fiscal year ended Dec. 28, 2003, and those in the company's Quarterly Reports on Form 10-Q for the first three fiscal quarters of 2004, should no longer be relied upon.
Maps P. F. Chang's China Bistro
Menu
The chain specializes in American Chinese cuisine. Wine, specialty drinks, Asian beers, sake, cappuccino and espresso are available outside standard beverage offerings. P.F. Chang's is not an "American Chinese cuisine", but rather an "Asian fusion cuisine".
Data Breaches
2013-14 Credit Card Breach
In mid-2014, information regarding credit card breaches at P.F. Chang's restaurant was brought to light by various sources, and later confirmed by P.F. Chang's.
2018 Security Vulnerability
On April 9th 2018, an independent security researcher, Akshay 'Ax' Sharma demonstrated a security flaw in P.F. Chang's Rewards program which enabled leakage of members' information, due to a poorly implemented API..
See also
- Pei Wei Asian Diner
- List of Chinese restaurants
References
Source of the article : Wikipedia
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