M&A - ONE Group Hospitality, Inc.

Form Type: DEF 14A

Filing Date: 2025-04-10

Corporate Action: Acquisition

Type: Update

Accession Number: 000110465925033581

Filing Summary: The ONE Group Hospitality, Inc. reported on its transformed structure following the strategic acquisition of Benihana and RA Sushi in May 2024, growing its revenue by over 100% to $673 million and increasing operating income by 16% to $11 million. The adjusted operating income ballooned over 300% to $39 million when excluding acquisition-related costs. Key initiatives for 2025 include driving sales through strategic brand management, successfully integrating Benihana, and achieving projected annual synergies of $20 million. Expansion plans showcase the aim for a balance between company-owned and asset-light growth, with an emphasis on opening up to seven restaurants in 2025 and targeting significant franchise growth in future operations. Shareholder value will be prioritized through share repurchases and maintaining balance sheet flexibility. The Annual Meeting scheduled for May 20, 2025, will address director elections, auditor appointments, and executive compensation approval, with specific proposals and board recommendations for stockholders, who are encouraged to vote as described in the proxy materials.

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Form Type: 10-K

Filing Date: 2025-03-10

Corporate Action: Acquisition

Type: Update

Accession Number: 000155837025002590

Filing Summary: The ONE Group Hospitality, Inc. has reported significant developments in its fiscal year ending December 31, 2024, particularly noting the acquisition of Safflower Holdings Corp. This acquisition consolidates ownership of most Benihana restaurants and all RA Sushi restaurants in the United States, along with franchise rights in Latin America (excluding Mexico) and the Caribbean. The company operates 166 venues globally, including a mix of owned, managed, licensed, and franchised establishments. Notable expansions include plans for five to seven new venues in 2025, along with ongoing construction of various restaurant locations. The company highlights its unique ‘Vibe Dining’ experience spanning across high-energy dining with upscale Asian cuisine and divides its operations primarily into STK, Benihana, Kona Grill, and RA Sushi brands, targeting affluent metropolitan areas for growth while emphasizing its capital light strategy for future expansions. Overall, ONE Group aims to enhance its market presence and operational efficiency as it continues to adapt to consumer preferences and competitive challenges in the hospitality sector.

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