Prime Restaurants

Last updated
Prime Restaurants, Inc.
Company type Subsidiary
Industry Restaurants
Founded Sudbury, Ontario (1980)
Headquarters,
Canada
Area served
all of Canada & 3 US states
Key people
Nicholas Perpick & John Rothschild
Products Italian food, Irish pub, bar and grill, brasserie
other food products
Revenue CDN$
Parent Recipe Unlimited (2013–2022) Foodtastic (2022– present)
Subsidiaries
  • Fionn MacCool's
  • D'Arcy McGee's
  • Paddy Flaherty's
  • Tir Nan Og
Website http://www.primerestaurants.com
http://www.primepubs.com/

Prime Restaurants Inc. (formerly Prime Restaurant Royalty Income Fund) was a Canadian holding company, which operated the restaurant chains East Side Mario's and Bier Markt, and Prime Pubs their Irish Pubs subsidiary which included: Tir Nan Og, Paddy Flaherty's, D'Arcy McGee's, and Fionn MacCool's.

Contents

Founded in Sudbury, Ontario in 1980 as Yesac Creative Foods, the company became Prime Restaurants in 1989 when it merged with the Lime Rickey's chain based in Toronto. [1]

On January 10, 2012, Fairfax Financial completed its acquisition of Prime Restaurants. [2] In October 31, 2022, Fairfax Financial entered into a strategic partnership with Cara Operations and Cara gained ownership of Prime Restaurants including Prime Pubs. [3] In May 2018 Cara rebranded itself Recipe Unlimited. In 2022, Prime Pubs subsidiary of Prime Restaurants was sold to Foodtastic [4] [5] who run it under them under the banner Fionn MacCool's. East Side Mario's and Bier Markt were retained by Recipe Unlimited.

See also

References

  1. "Prime Restaurants". Global Edge. Retrieved 3 February 2025.
  2. "Prime Restaurants Inc. Completes Sale to Fairfax". Yahoo! News. Retrieved 3 February 2025.
  3. Shaw, Hollie (31 October 2013). "Cara, Fairfax's Prime Restaurants to merge". Archived from the original on 5 October 2015.
  4. "Recipe Unlimited reports 2022 second quarter results". Recipe Unlimited. Retrieved 3 February 2025.
  5. "Fairfax Financial: Severance Packages". Samfiru Tumarkin LLP. Retrieved 3 February 2025.