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.jpg) Restaurant inClinton Township, Macomb County, Michigan | |
| P.F. Chang's China Bistro | |
| Company type | Private |
| Industry | Restaurant |
| Genre | Casual dining |
| Founded | 1993; 33 years ago (1993) Scottsdale, Arizona, U.S. |
| Founders | Paul Fleming Philip Chiang |
| Headquarters | 8377 E. Hartford, 2nd Floor Scottsdale, AZ 85255 |
Number of locations | More than 300 (Worldwide, 2021) |
Area served | Worldwide |
Key people | Jim Mazany, CEO Corey Robertson, COO |
| Products | American Asian cuisine |
| Owner | TriArtisan Capital Paulson & Co. |
| Website | pfchangs.com |
| Footnotes / references [1][2][3] | |
P. F. Chang's China Bistro is an American-based,casual diningrestaurant chain founded in 1993 byPaul Fleming andPhilip Chiang that serves Asianfusion cuisine. Centerbridge Partners owned and operated Chang's until acquired by the private equity firm TriArtisan Capital Advisors on March 2, 2019.[4] P. F. Chang's is headquartered inScottsdale, Arizona.
The chain specializes in American Chinese cuisine, plus other Asian dishes. P.F. Chang’s operates 300 locations in 22 countries[5] and U.S. airports,[6] including P.F. Chang’s To Go takeout locations.[7]
The name "P. F. Chang's" is derived from Fleming's initials (P. F.) and Chiang's last name, with the I omitted.[8]
The chain was founded in 1993 byPaul Fleming andPhilip Chiang, son of restaurateurCecilia Chiang. The firstrestaurant was opened at theScottsdale Fashion Square inScottsdale, Arizona.[8] In 1993, P.F. Chang's China Bistro, Inc. was formed from the acquisition of the original fourbistro restaurants.[1] By December 2001, P.F. Chang's owned and operated 65 full-service P.F. Chang's China Bistro restaurants.[9] The company also developed itsPei Wei Asian Diner concept and operated five Pei Wei locations by the same date.[9]
On March 15, 2004, Chang's reported that it had modified its partnership accounting, which resulted in a restatement of its financial results for prior years.[10] On March 17, 2005, the company adjusted its accounting for leases in order to conform with U.S. generally accepted accounting principles. Accordingly, management and the audit committee determined that the company's previously issued consolidated financial statements, including those in the company's Annual Report on Form 10-K for the fiscal year ended December 28, 2003, and those in the company's Quarterly Reports on Form 10-Q for the first three fiscal quarters of 2004, should no longer be relied upon.[11]
In 2010, P.F. Chang's Home Menu was introduced in supermarkets. The brand represents a group of frozen appetizers and meals that were sold under license byUnilever.[12]
In 2012, Chang's accepted an offer from private investment firm,Centerbridge Partners in a deal valued at $1.1 billion.[13]ConAgra Foods, Inc. acquired the P.F. Chang's Home Menu license from Unilever in August 2012.[14][15]
In mid-2014, P.F. Chang's confirmed that a breach had occurred targeting credit and debit cards used at their restaurants. The breach was initially identified byBrian Krebs, a cybersecurity journalist.[16][17]
In 2015, P.F. Chang's filed for bankruptcy for its Canadian division.[18]
In 2017,Pei Wei was officially split from P.F. Chang's as a separate business.[19]
In December 2017, P.F. Chang's announced that they would open a location inShanghai during the first part of 2018, P.F. Chang's first location in China.[20] The Shanghai location is marketed to local Chinese customers as American food, and has 10 menu items unique to the company's China operations.[21] Additionally, as of 2018 P.F. Chang's operates a restaurant in South Korea.[22]
In January 2019, Chang's announced it was in talks to be sold to TriArtisan Capital Partners andPaulson & Co. for approximately $700 million from its previous owner, Centerbridge Partners.[23][24]
In January 2020, Chang’s announced its first P.F. Chang’s To Go[25] take-out only location would be in Chicago, Illinois.[26]
In mid-2020, P.F. Chang's obtained more than $5 million in small-business loans as part of thePaycheck Protection Program (coronavirus relief).[24]
In February 2023, P. F. Chang's signed an agreement with Indian companyGourmet Investments to open outlets in India.[27] The first P. F. Chang's outlet in India was opened on January 14, 2024 inMumbai.[28][29]
The chain specializes in Asian fusion cuisine.[30] Special items on their menu include Chang's Lettuce Wraps, Chang's Spicy Chicken,Peking duck, and various types of sushi. Wine, specialty drinks, Asian beers, sake, cappuccino, and espresso are available outside standard beverage offerings.[1]
In September 2025, P.F. Chang's launched a revamped menu, featuring a collection of cocktails, hand-rolled sushi, garlic noodles, half-sized appetizers, and choices between medium or traditional entrée sizes.[31]
P.F. Chang's, founded in 1993, has more than 300 restaurants in 22 countries and territories.
P.F. Chang's, founded in 1993, has nearly 300 restaurants in 23 countries and U.S. airport locations.
P.F. Chang's is continuing to expand its smaller To Go Concept, which it introduced last year, with an opening today in Irving, Texas, and another planned next month for Orlando, Florida, the company said Monday.
To stay competitive in a suffering industry, the Asian-inspired chain is opening its first to-go location in the Big Apple's theatre district. Contrary to the lifeless eateries and uninhabited streets of the once-buzzing gathering place, off-premise concepts are thriving as they become the quintessential lifelines in metropolitan hubs. And constructs like P.F. Chang's To Go unit are not only moving in but also stealing the spotlight…P.F. Chang's first to-go location in New York's theatre district follows its first three Chicago openings from earlier this year.
