Paradies Lagardère announced Nov. 20, it has closed the acquisition of Hojeij Branded Foods (HBF). Aligning with Paradies Lagardère’s goal to strengthen its position as a premier airport food and beverage operator, this acquisition will create the third-largest operator in the North American airport travel retail and restaurant industry with total annual sales exceeding $1.2 billion.
The two organizations’ existing food and beverage operations will be combined to create the new Dining Division of Paradies Lagardère. The division will offer unique 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 offers airport partners and the traveling consumer a vast and attractive array of concepts, including 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 $350 million annually in food and beverage sales.
The integration of the two food and beverage operations will begin immediately with Regynald Washington leading the new Dining Division of Paradies Lagardère.
