Panda Restaurant Group

Panda Restaurant Group, Inc.
Private
Genre Chinese and Japanese restaurants
Founded 1973
Founder Andrew Cherng
Headquarters 1683 Walnut Grove Avenue, Rosemead, California 91770 U.S. (626-799-9898), Rosemead, California
Number of locations
 1,900
Area served
 43 U.S. states, Puerto Rico, and Mexico
Key people
 Andrew Cherng,
Chairman & Co-CEO
Peggy Tsiang Cherng,
Co-Chairman & Co-CEO
Revenue $2.5 billion (2016)[1]
Owner Cherng family
Number of employees
 30,000
Website http://www.pandarg.com/
Panda Express Logo
Panda Inn Logo

Panda Restaurant Group, Inc., parent company of Panda Inn, Panda Express & Hibachi-San, was founded by Andrew and Peggy Tsiang Cherng [2] and Andrew's father, Master Chef Ming-Tsai Cherng, the family originating in the Yangzhou region of China's Jiangsu province. They started their first Panda Inn restaurant in 1973 in Pasadena, California. The group has its headquarters in Rosemead, California.

Andrew Cherng '70 and his wife Peggy Tsiang Cherng met at Baker University in Baldwin City, Kansas.[3] Peggy Cherng went on to receive her B.S. degree in Mathematics from Oregon State University in 1971 and a Ph.D. in Electrical Engineering from the University of Missouri.The company debuted on Forbes' 2016 edition of America Largest Private Companies[4]

Companies

The Panda Restaurant Group includes Panda Express, Panda Inn, and Hibachi-San.

Panda Express, the most popular, has 1,900 locations as of 2016., making it the largest Chinese fast food chain in the United States.

Panda Inn, a sit-down restaurant chain, has 6 locations, all of which are in California, plus Wasabi, a Japanese concept.[5]

Philanthropy

In July 2017, the company pledged $10 million to the Children's Hospital Los Angeles, where the sixth floor will be renamed the Panda Express Floor.[6]

References

  1. ↑ "Panda Restaurant Group - pg.8". Forbes.com. 2016-07-20. Retrieved 2017-07-22.
  2. ↑ Jennings, Lisa, "Having words with Peggy Tsiang Cherng: chief executive and co-chair, Panda Restaurant Group", Nation's Restaurant News, August 1, 2005
  3. ↑ "Cherngs honored for contributions in L.A. area", Baker Pride alumni magazine, Baker University, Kansas, Spring 2008 issue.
  4. ↑ "2016 Private Company Newcomers". Forbes.com. Retrieved 2017-07-22.
  5. ↑ "Locations". Panda Inn. Retrieved 2017-07-22.
  6. ↑ "Panda Express Makes $10M Pledge To Children’s Hospital Los Angeles" (PDF). The Beverly Hills Courier. July 21, 2017. pp. 1; 5. Retrieved July 22, 2017.

Further reading

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