Paradies Lagardère closes acquisition of airport restaurateur Hojeij Branded Foods
Paradies Lagardère has closed the acquisition of Hojeij Branded Foods (HBF), a leading airport restaurateur in North America.
The acquisition will create the third-largest operator in the North American airport travel retail and restaurant industry with total annual sales exceeding US$1.2 billion.
The two organizations’ food and beverage operations will be combined to create the new Dining Division of Paradies Lagardère.
The division will offer restaurant experiences in 42 airports and approximately 100 brand partners and proprietary concepts ranging from full service to fast casual to quick serve.
The combined brand portfolio includes Vino Volo, Chick-fil-A, P.F. Chang’s, Pei Wei, Bar Symon by Chef Michael Symon, illy Caffè, Longhorn Steakhouse, and Cat Cora.
The new operation will surpass US$350 million annually in food and beverage sales.
The integration will begin immediately, with Regynald Washington leading the new Dining Division of Paradies Lagardère.
Founded in 1996, HBF operates more than 124 bars and restaurants in 38 airports across the US and Canada.
In 2017, the company acquired Vino Volo, the largest airport wine bar and wine retail brand in the US and Canada. It generated total sales of US$225 million last year.