Benihana is currently owned by One Group Hospitality Inc.
Current Ownership of Benihana
As of 2024, the popular Japanese steakhouse chain, Benihana, has been acquired by The ONE Group Hospitality, Inc. This strategic acquisition marks a significant shift in ownership for the iconic restaurant brand known for its teppanyaki-style dining and entertaining chefs.
The ONE Group Hospitality, Inc. is a global hospitality company that develops, manages, and operates a portfolio of high-energy, vibe-driven restaurants and lounges, including STK Steakhouse and Kona Grill. Their acquisition of Benihana expands their portfolio significantly, adding a well-established and beloved brand to their operations.
Understanding the Acquisition
The acquisition of Benihana by The ONE Group Hospitality, Inc. was completed in 2024. This transaction brings Benihana, along with its related brands such as RA Sushi, under the umbrella of a larger, publicly traded hospitality group. The aim of such acquisitions is often to leverage operational efficiencies, expand market reach, and enhance brand value through shared resources and expertise.
Key aspects of the acquisition include:
- Acquirer: The ONE Group Hospitality, Inc.
- Acquired Company: Benihana Inc. (including Benihana and RA Sushi restaurants)
- Completion Year: 2024
This move by One Group Hospitality Inc. is expected to integrate Benihana into a broader corporate structure, potentially influencing future growth strategies, menu innovations, and customer experience enhancements.
Benihana's Enduring Legacy
Benihana has long been celebrated for its interactive dining experience, where skilled chefs prepare meals, including steak, chicken, and seafood, directly at the diner's table. Founded in New York City in 1964 by Rocky Aoki, it pioneered the teppanyaki restaurant concept in the United States, making it a popular destination for celebrations and unique culinary entertainment. With its new ownership under The ONE Group Hospitality, Inc., Benihana aims to continue its legacy while potentially benefiting from the operational strengths and market presence of its new parent company.
For more information on The ONE Group Hospitality Inc. and its portfolio, you can visit their official investor relations page here.
