P.F. Chang's to acquire majority stake in True Food Kitchen

P.F. Chang's China Bistro Inc. said Thursday it had agreed to acquire a majority interest in the four-unit True Food Kitchen concept, converting its 2009 $10 million credit facility into equity.

The deal, expected to be completed in the second quarter of this year, will give P.F. Chang’s a 51-percent majority interest in True Food Kitchen, a health-focused concept first opened in 2008 in Phoenix by Scottsdale, Ariz.-based Fox Restaurant Concepts. P.F. Chang’s ret

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