Shari's Cafe & Pies

Last updated
Shari's Cafe & Pies
Company type Private
Industry Foodservice
Founded1978;46 years ago (1978)
Hermiston, Oregon, U.S.
Headquarters Beaverton, Oregon, U.S.
Key people
Samuel Borgese (CEO) [1]
Revenue$121.4 million [2]  (2023)
OwnerGather Holdings [3]
Subsidiaries Coco's Bakery
Website sharis.com
Footnotes /references
Company data. [4]

Shari's Cafe & Pies, originally known as Shari's Restaurants, is a chain of family dining restaurants in the western United States based in Beaverton, Oregon. [5] [6] Its restaurants are pie-oriented. [7] The franchise's original restaurant was opened in Hermiston, Oregon, in 1978. Shari's are known for their familiar hexagonal building design. [8] As of October 2024, eleven locations appear in the store location listing. [9]

Contents

History

Shari's logo (2003-2011) SharisLogo.jpg
Shari's logo (2003–2011)

Shari's began in Hermiston, Oregon, in 1978 with Ron and Sharon "Shari" Bergquist as proprietors. [10] The two ran the company for seven years. By 1999, Shari's was the ninth-largest family restaurant chain in the United States based on total sales, and sixth in growth. [11] [ better source needed ]

Shari's logo from 2011 Shari's Cafe and Pies Logo.png
Shari's logo from 2011

In March 1999, the chain was acquired by Fairmont Capital Inc. for $60 million. [12] At that time Shari's operated 96 locations in seven states with 4,000 employees and $128 million in annual revenue. [12] They were still the ninth largest family chain in 2003. [13]

Shari's lost a gender discrimination lawsuit in April 2005 and was ordered to pay $122,225 in damages. [14] [15] In December 2005, the company was purchased by New York private investment firm Circle Peak Capital. [10]

President Larry Curtis retired in July 2008 after 24 years with Shari's and was succeeded by Bruce MacDiarmid. [16] In 2009, Shari's Restaurants took ownership of a number of northern California Baker's Square restaurants and converted them to operate under Shari's name. [17]

The chain is currently operated by Shari's Management Corporation in Beaverton. Most, but not all locations are open 24 hours a day, with a focus on specialty pies. [18] Samuel Borgese was named CEO in September 2017, replacing MacDiarmid. [1] [5] In mid-2017, the company was operating 95 locations in the states of California, Idaho, Nebraska, Oregon, Washington, and Wyoming, just one fewer than in the year 2000. [1] [19]

In September 2018, it was announced that Shari's Cafe & Pies had taken over Carrows and Coco's Bakery. [20] [21]

Location in Garden Home, Oregon in 2009 Garden Home Oregon Sharis.JPG
Location in Garden Home, Oregon in 2009

In August 2024, it was announced that Shari's Cafe & Pies has been behind on payments for both property, taxes and services rendered for the restaurant chain. [22] As a result, a large number of Shari's locations permanently closed. [23] By early October 2024, the number of locations had declined to 49, operating in California, Oregon, Washington and Idaho. [24] In late October, all Oregon locations closed abruptly, dropping the remaining number of locations to seventeen. [25] Shari's owes around $900,000 to the Oregon Lottery for their video lottery machines. [26]

See also

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References

  1. 1 2 3 Marum, Anna (September 8, 2017). "New Shari's CEO to put 'healthier twist' on menu". OregonLive.com. Retrieved 8 September 2017.
  2. ↑ Oct. 22, Heather; Lalley (October 22, 2024). "Shari's Restaurants closes all 42 of its Oregon locations". Restaurant Business. Retrieved 2024-10-28.{{cite web}}: CS1 maint: numeric names: authors list (link)
  3. ↑ Lalley, Heather (October 22, 2024). "Shari's Restaurants closes all 42 of its Oregon locations". Restaurant Business. Retrieved 2024-10-28.
  4. ↑ Hoovers: Shari's Management Corporation
  5. 1 2 Marum, Anna (September 8, 2017). "New Shari's CEO to put 'healthier twist' on menu". The Oregonian . Retrieved December 26, 2017.
  6. ↑ "Shari's Café & Pies". www.oregonencyclopedia.org. Retrieved 2024-03-09.
  7. ↑ "No more pies! Shari's suddenly shuts its last Tri-Cities restaurant after 40+ years". Yahoo Finance. 2023-04-24. Retrieved 2024-03-09.
  8. ↑ "A familiar name fills Village Grill kitchen in Wood Village". oregonlive. 2010-03-20. Retrieved 2024-03-17.
  9. ↑ "Locations – Shari's Restaurant". archive.is. 2024-10-28. Retrieved 2024-10-28.
  10. 1 2 "Shari's: Our History". Archived from the original on 2007-05-16. Retrieved November 24, 2024.
  11. ↑ Family chains fight back with acquisitions, reduced unit size. Nation's Restaurant News, July 26, 1999.
  12. 1 2 Fairmont, execs buy Shari's chain for $ 60M. Nation's Restaurant News, March 15, 1999.
  13. ↑ Most second-tier family brands seek recovery from sales slippage; Special Report: Second 100. Nation's Restaurant News, July 28, 2003.
  14. ↑ Gresham man wins gender-bias suit. The Oregonian, April 20, 2005.
  15. ↑ "Gay man wins lawsuit against Shari's". Eugene Register-Guard (via Google News). April 22, 2005. Retrieved January 2, 2015.
  16. ↑ "Shari's Café & Pies". www.oregonencyclopedia.org. Retrieved 2024-11-04.
  17. ↑ "Shari's Restaurants Expands". March 18, 2009.
  18. ↑ "Sharis Promotes Vickie Irish to Vice President of People Engagement and Development". IT Business Net Press Release. August 31, 2017. Retrieved September 6, 2017.
  19. ↑ "About". Shari's Cafe & Pies. 2017. Archived from the original on August 10, 2017. Retrieved November 24, 2024.
  20. ↑ "Shari's Management Corp. takes over Coco's and Carrows". Nation's Restaurant News. 2018-09-13. Retrieved 2020-06-03.
  21. ↑ Maze, Jonathan (September 17, 2018). "Shari's Pies now owns Coco's and Carrows". Restaurant Business. Retrieved 2020-06-03.
  22. ↑ "Shari's Restaurants faces financial problems: Unpaid bills, taxes, eviction notices". KGW News. 2024-08-26. Retrieved 2024-09-02.
  23. ↑ Banks, Alexander. "Shari's abruptly shutters Keizer restaurant amid string of Pacific Northwest closures". Statesman Journal. Retrieved 2024-10-01.
  24. ↑ Zahn, Noah (October 8, 2024). "Shari's restaurant to close in Cheyenne after 40 years". Wyoming Tribune-Eagle .
  25. ↑ "Oregon Lottery Confirms All Shari's Restaurants in Oregon Have Closed". Willamette Week. 2024-10-21. Retrieved 2024-10-21.
  26. ↑ Plante, Amiee (23 October 2024). "Oregon Lottery says Shari's owes it nearly $900K after sudden closure". KOIN 6 News. Retrieved 23 October 2024.
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