Advertisement

Milestones’ parent company sells chain to Quebec-based Foodtastic

Click to play video: 'Ontario enters stage 1 pandemic reopening'
Ontario enters stage 1 pandemic reopening
Ontario enters stage 1 pandemic reopening – Jun 11, 2021

Recipe Unlimited Corp. says it has signed a deal to sell its Milestones chain of restaurants to Quebec-based Foodtastic Inc.

Financial terms of the deal were not immediately available.

Recipe chief executive Frank Hennessey says the deal helps the company further rationalize its portfolio to focus on large brands.

The company’s banners include Swiss Chalet, Harvey’s, St-Hubert, the Keg, Montana’s, Kelsey’s, East Side Mario’s and New York Fries.

Financial news and insights delivered to your email every Saturday.

Foodtastic, a franchisor of multiple restaurant brands, bought the Second Cup Coffee Co. chain from Aegis Brands Inc. earlier this year.

Some of its other restaurant brands include Au Coq, La Belle et La Boeuf, Monza, Carlos & Pepe’s, Souvlaki Bar and Nickels.

Story continues below advertisement

 

Sponsored content

AdChoices