Cara Purchases The Keg
CBJ — Cara Operations has announced it is purchasing Keg Restaurants Ltd. for $200 million.
Cara, which owns the likes of Swiss Chalet, Harvey’s, Kelsey’s and East Side Mario’s, is one of the largest restaurant chains in the country.
The Keg chain has 106 steakhouses in Canada and made more than $600 million in sales last year.
Cara restaurants racked up more than $2 billion in sales last year.
Vancouver-based Keg’s CEO, David Aisenstat, will remain with the company and take over control of Cara’s other higher-end restaurant brands as part of the deal.