Foreign chains increasingly flock to the promising U.S. restaurant market
Last month billionaire magnate Steve Wynn spent $15 million to acquire a 43-percent stake in the Sydney-based brand Pie Face. Although the 7-year-old sweet and savory pie concept already could count 75 outlets in Australia, its sole U.S. branch had been operating in New York for only a few weeks before Wynn officially sealed the deal. The Las Vegas casino operator, however, apparently felt an opportunity had opened before him. Wayne Homschek, founder and chief executive of Pie Face, ...
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