Yum! Brands purchases The Habit Restaurants
Yum! Brands announced it completed its acquisition of The Habit Restaurants Inc. in March 2020, following the approval of The Habit Restaurants’ stockholders. The all-cash deal valued the company at $375.0 million, as Yum! Brands purchased all outstanding shares at $14.00 per share. The Habit Restaurants operates 300 company-owned and franchised locations across the United States and China. The fast-casual hamburger restaurant has a California-inspired menu, including sushi-grade ahi tuna sandwiches, marinated chicken and other options
M&AIn response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.
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