Shari's Restaurants
 | |
| Type | private |
|---|---|
| Industry | foodservice |
| Founded | 1978, Hermiston, Oregon |
| Headquarters |
Beaverton, Oregon, United States |
| Key people | Larry Curtis, CEO, President |
| Revenue | $97.6 million (2006) |
| Owner(s) | Circle Peak Capital |
| Employees | 4,500 (2007) |
| Website | sharis.com |
| References: Company data.[1] | |
Shari's Restaurants is a chain of family dining restaurants in the western United States. Shari's is open 24 hours a day, 365 days a year. Shari's currently has 98 locations in California, Idaho, Nebraska, Oregon, Washington and Wyoming. Shari's features a distinctive hexagonal building design for most of its restaurant locations. The original restaurant was opened in Hermiston, Oregon in 1978. Its corporate offices are located in the Progress area of Beaverton, Oregon. Since approximately the middle of 2011-2012, the chain has updated its logo and bills itself on signs and in media as "Shari's Cafe & Pies".
History
In March 1999, the chain was acquired by Fairmont Capital Inc. for $60 million.[4] At that time Shari’s operated 96 locations in seven states with 4,000 employees and $128 million in annual revenue.[4] They were still the ninth largest family chain in 2003.[5]
Shari’s lost a gender discrimination lawsuit in April 2005 and was ordered to pay $122,225 in damages.[6] Then in December 2005 the company was purchased by New York private investment firm Circle Peak Capital.[2]
President Larry Curtis retired in July 2008 after 24 years with Shari's. Bruce MacDiarmid joined Shari’s with extensive experience in the restaurant industry. In addition to Black Angus Steakhouse, he has held positions at Chevys Fresh Mex Restaurants as well as with the Paragon Restaurant Group, whose concepts included Carlos Murphy’s, Rusty Pelican and Hungry Hunter.
In 2009, Shari's Restaurants took ownership of and converted a number of Northern California Baker's Square restaurants to operate under the Shari's name.
References
- ↑ 's-Management-Corporation/--HD__fsxcxshfy,src__dbi--/free-co-dnb_factsheet.xhtml Hoovers: Shari's Management Corporation
- ↑ 2.0 2.1 Shari’s: Our History
- ↑ Family chains fight back with acquisitions, reduced unit size. Nation's Restaurant News, July 26, 1999.
- ↑ 4.0 4.1 Fairmont, execs buy Shari's chain for $ 60M. Nation's Restaurant News, March 15, 1999.
- ↑ Most second-tier family brands seek recovery from sales slippage; Special Report: Second 100. Nation's Restaurant News, July 28, 2003.
- ↑ Gresham man wins gender-bias suit. The Oregonian, April 20, 2005.
External links
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