P. F. Chang's China Bistro
Scottsdale, Arizona, U.S.
|Headquarters||7676 E. Pinnacle Peak Road
Scottsdale, Arizona, U.S. 85255
Number of locations
CEO of P.F. Chang’s China Bistro, Inc.
|Products||Asian American cuisine|
|Footnotes / references
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.. P.F. Chang's, while often considered to be a strictly Chinese restaurant, prides itself in a wide array of Asian dishes. Due to such an assortment, the employees at P.F. Chang's refer to their restaurant as being an "Asian fusion" restaurant so as to avoid confusion in regards to things on the menu like sushi and curry options. As of October 2014, P. F. Chang's operated 204 restaurants in the United States and 56 in international markets under licensee agreements. Countries include Canada, Puerto Rico, Mexico, Argentina, Chile, Brazil, Colombia, Costa Rica, Panama, Turkey, Lebanon, Philippines, South Korea, Dominican Republic, Egypt, Jordan, Kuwait, Qatar, Saudi Arabia and United Arab Emirates. It is the largest full service casual dining Chinese restaurant chain in the United States, with locations across the country.
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.
ConAgra Foods, Inc. acquired the P.F. Chang's China Bistro Home Menu license from Unilever in August 2012.
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.
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".
- P.F. Chang’s China Bistro, Inc. (January 1, 2012). "FY 2011 10-K". U.S. Securities and Exchange Commission. Retrieved May 17, 2012.
- "Chef's Corner, Recipes and Tutorials". P.F. Chang's China Bistro, Inc. 2010. Retrieved May 17, 2012.
- "FAQs". P.F. Chang's China Bistro, Inc. 2010. Retrieved May 17, 2012.
- "Products". Unilever. 2012. Retrieved May 17, 2012.
- "P.F. Chang's Modifies Its Partnership Accounting".
- "P.F. Chang's Announces Lease Accounting Changes".
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