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| industry = [[Restaurant]]
| industry = [[Restaurant]]
| genre = [[Casual dining]]
| genre = [[Casual dining]]
| foundation = {{Start date and age|1993}}<br />[[Scottsdale, Arizona]], [[United States|U.S.]]
| foundation = {{Start date and age|1993}}<br />[[Scottsdale, Arizona]], U.S.
| founders = [[Paul Fleming (restaurateur)|Paul Fleming]]<br />Philip Chiang
| founders = [[Paul Fleming (restaurateur)|Paul Fleming]]<br />[[Philip Chiang]]
| location = 8377 E. Hartford, 2nd Floor<br />Scottsdale AZ 85255
| location = 8377 E. Hartford, 2nd Floor<br />Scottsdale AZ 85255
| locations = More than 300 (Worldwide, 2021)
| locations = More than 300 (Worldwide, 2021)
| area_served = Worldwide
| area_served = Worldwide
| key_people =
| key_people = {{Plainlist|
* Eduardo Luz, CEO and President
Damola Adamolekun, [[Chief_executive_officer|CEO]]<ref>{{cite news |last=Tan |first= Gillian |date= July 22, 2021 |url= https://www.bloomberg.com/news/articles/2021-07-22/pf-chang-s-restaurant-chain-is-said-to-plan-initial-offering |title= PF Chang’s Is in Early Planning for Initial Public Offering |publisher= [[Bloomberg_News|Bloomberg]] |accessdate= March 23, 2022 |quote= Chief Executive Officer Damola Adamolekun said in a Bloomberg Radio interview in June that pursuing an IPO is a ‘viable alternative’ for capital.}}</ref> <br/> Art Kilmer, [[Chief_operating_officer|COO]]<ref>{{cite news |last=Zickhur |first= Monty |date= March 4, 2022 |url= https://www.bloomberg.com/news/articles/2021-07-22/pf-chang-s-restaurant-chain-is-said-to-plan-initial-offering |title= P.F. Chang’s To Go open at River City Marketplace |publisher= [[Jacksonville Daily Record]] |accessdate= March 23, 2022 |quote= While the focus is on takeout, seating is available for 11 guests. Hours are 2 p.m. to 9 p.m. daily. ‘P.F. Chang’s To Go River City Marketplace allows our guests to enjoy our elevated Asian cuisine in an easily accessible way,’ said Art Kilmer, chief operating officer for P.F. Chang’s.}}</ref> <br/> Tana Davila, [[Chief_marketing_officer|CMO]]<ref>{{cite news |last=Thorn |first= Bret |date= September 27, 2021 |url= https://www.nrn.com/casual-dining/pf-chang-s-cmo-tana-davila-discusses-chain-s-honolulu-flagship |title= P.F. Chang’s CMO Tana Davila discusses the chain’s Honolulu flagship |publisher= [[Nation%27s Restaurant News|Nation’s Restaurant News]] |accessdate= March 23, 2022 |quote= ‘Really we’ve tried to take experiential dining to the next level,’ the restaurant company’s chief marketing officer Tana Davila said, noting that with good food now available at the tap of a smart-phone app, getting people to actually sit down and spend time at a dining-room table requires more of a show.}}</ref>
* Art Kilmer, [[Chief operating officer|COO]]<ref>{{cite news |last=Zickhur |first= Monty |date= March 4, 2022 |url= https://www.bloomberg.com/news/articles/2021-07-22/pf-chang-s-restaurant-chain-is-said-to-plan-initial-offering |title= P.F. Chang's To Go open at River City Marketplace |publisher= [[Jacksonville Daily Record]] |accessdate= March 23, 2022 |quote= While the focus is on takeout, seating is available for 11 guests. Hours are 2 p.m. to 9 p.m. daily. ‘P.F. Chang’s To Go River City Marketplace allows our guests to enjoy our elevated Asian cuisine in an easily accessible way,’ said Art Kilmer, chief operating officer for P.F. Chang’s.}}</ref>
* Brad Hill, [[CFO]]<ref>{{cite news |last=Madell |first=Robin |date= April 11, 2022 |url= https://www.businessinsider.com/ceo-of-pf-changs-work-morning-routine-informal-meetings-2022-4 |title= I'm the CEO of restaurant chain PF Chang's. I start my day at 6 a.m. and don't schedule meetings before 8 — here's what my morning routine is like. |publisher= [[Business Insider]] |accessdate= July 28, 2022 |quote= Our COO Art also arrives at the office around 7:30 a.m., and we spend a few minutes discussing the previous day's operating results. Then I sit down with our CFO Brad Hill to discuss any relevant corporate planning or financial issues.}}</ref>
}}
| products = [[American Chinese cuisine|American Asian cuisine]]
| products = [[American Chinese cuisine|American Asian cuisine]]
| revenue =
| revenue =
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| equity =
| equity =
| num_employees =
| num_employees =
| owner = TriArtisan Capital Advisors, Paulson & Co
| owner = TriArtisan Capital <br> [[Paulson & Co.]]
| homepage = {{URL|1=https://www.pfchangs.com/|2=pfchangs.com}}
| homepage = {{URL|1=https://www.pfchangs.com/|2=pfchangs.com}}
| footnotes = <ref name="FY 2011 10-K">{{cite web|url=https://www.sec.gov/Archives/edgar/data/1039889/000103988912000003/pfcb10k2011.htm|title=FY 2011 10-K|author=P.F. Chang’s China Bistro, Inc.|date=January 1, 2012|publisher=U.S. Securities and Exchange Commission|access-date=May 17, 2012}}</ref><ref>{{cite web|url=http://www.pfchangs.com/chefscorner|title=Chef's Corner, Recipes and Tutorials|year=2010|publisher=P.F. Chang's China Bistro, Inc.|access-date=May 17, 2012}}</ref><ref>{{cite web|url=http://adage.com/article/cmo-strategy/p-f-s-aims-american-bistro-shanghai/312865/|title=P.F. Chang's Wants to be The American Bistro of Shanghai|year=2018|publisher=Ad Age|access-date=April 21, 2018}}</ref>
| footnotes = <ref name="FY 2011 10-K">{{cite web|url=https://www.sec.gov/Archives/edgar/data/1039889/000103988912000003/pfcb10k2011.htm|title=FY 2011 10-K|author=P.F. Chang’s China Bistro, Inc.|date=January 1, 2012|publisher=U.S. Securities and Exchange Commission|access-date=May 17, 2012}}</ref><ref>{{cite web|url=http://www.pfchangs.com/chefscorner|title=Chef's Corner, Recipes and Tutorials|year=2010|publisher=P.F. Chang's China Bistro, Inc.|access-date=May 17, 2012|archive-date=November 20, 2009|archive-url=https://web.archive.org/web/20091120184012/http://www.pfchangs.com/chefscorner/|url-status=dead}}</ref><ref>{{cite web|url=http://adage.com/article/cmo-strategy/p-f-s-aims-american-bistro-shanghai/312865/|title=P.F. Chang's Wants to be The American Bistro of Shanghai|year=2018|publisher=Ad Age|access-date=April 21, 2018|archive-date=July 17, 2022|archive-url=https://web.archive.org/web/20220717065656/https://adage.com/article/cmo-strategy/p-f-s-aims-american-bistro-shanghai/312865/|url-status=dead}}</ref>
}}
}}
'''P. F. Chang's China Bistro''' is an American-based, [[casual dining]] [[restaurant chain]] founded in 1993 by [[Paul Fleming (restaurateur)|Paul Fleming]] and Philip Chiang that serves Asian [[fusion cuisine]]. Centerbridge Partners owned and operated Chang's until acquired by the private equity firm TriArtisan Capital Advisors on March 2, 2019.<ref>{{cite web|url=https://www.nrn.com/casual-dining/pf-chang-s-completes-sale-triartisan-capital-advisors?NL=NRN-02_&Issue=NRN-02__20190304_NRN-|last=Fantozzi |first=Joanna|date= March 2, 2019|title=P.F. Chang's completes sale to TriArtisan Capital|work=[[Nation's Restaurant News]]|access-date=March 4, 2019}}</ref> P. F. Chang's is headquartered in [[Scottsdale, Arizona]].
'''P. F. Chang's China Bistro''' is an American-based, [[casual dining]] [[restaurant chain]] founded in 1993 by [[Paul Fleming (restaurateur)|Paul Fleming]] and [[Philip Chiang]] that serves Asian [[fusion cuisine]]. Centerbridge Partners owned and operated Chang's until acquired by the private equity firm TriArtisan Capital Advisors on March 2, 2019.<ref>{{cite web|url=https://www.nrn.com/casual-dining/pf-chang-s-completes-sale-triartisan-capital-advisors?NL=NRN-02_&Issue=NRN-02__20190304_NRN-|last=Fantozzi |first=Joanna|date= March 2, 2019|title=P.F. Chang's completes sale to TriArtisan Capital|work=[[Nation's Restaurant News]]|access-date=March 4, 2019}}</ref> P. F. Chang's is headquartered in [[Scottsdale, Arizona]].


The chain specializes in American Chinese cuisine, plus other Asian dishes. Employees describe the menu as "Asian flavors." P.F. Chang’s operates 300 locations in 22 countries<ref>{{cite news |last=Ruggless |first= Ron |date= May 2, 2018 |url= https://www.nrn.com/casual-dining/pf-chang-s-opens-first-restaurant-china |title= P.F. Chang’s opens first restaurant in China |publisher= [[Nation%27s Restaurant News|Nation’s Restaurant News]] |accessdate= March 23, 2022 |quote= P.F. Chang’s, founded in 1993, has more than 300 restaurants in 22 countries and territories.}}</ref> and U.S. airports,<ref>{{cite news |last=Ruggless |first= Ron |date= July 23, 2021 |url= https://www.nrn.com/casual-dining/pf-chang-s-talks-about-potential-ipo-report |title= P.F. Chang’s in talks about potential IPO: Report |publisher= [[Nation%27s Restaurant News|Nation’s Restaurant News]] |accessdate= March 23, 2022 |quote= P.F. Chang’s, founded in 1993, has nearly 300 restaurants in 23 countries and U.S. airport locations.}}</ref> including P.F. Chang’s To Go takeout locations.<ref>{{cite news |last=Ruggless |first= Ron |date= June 28, 2021 |url= https://www.nrn.com/casual-dining/pf-chang-s-accelerates-expansion-go-concept |title= P.F. Chang’s accelerates expansion of To Go concept |publisher= [[Nation%27s Restaurant News|Nation’s Restaurant News]] |accessdate= March 23, 2022 |quote= 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.}}</ref>
The chain specializes in American Chinese cuisine, plus other Asian dishes. P.F. Chang’s operates 300 locations in 22 countries<ref>{{cite news |last=Ruggless |first= Ron |date= May 2, 2018 |url= https://www.nrn.com/casual-dining/pf-chang-s-opens-first-restaurant-china |title= P.F. Chang's opens first restaurant in China |publisher= [[Nation%27s Restaurant News|Nation’s Restaurant News]] |accessdate= March 23, 2022 |quote= P.F. Chang’s, founded in 1993, has more than 300 restaurants in 22 countries and territories.}}</ref> and U.S. airports,<ref>{{cite news |last=Ruggless |first= Ron |date= July 23, 2021 |url= https://www.nrn.com/casual-dining/pf-chang-s-talks-about-potential-ipo-report |title= P.F. Chang's in talks about potential IPO: Report |publisher= [[Nation%27s Restaurant News|Nation’s Restaurant News]] |accessdate= March 23, 2022 |quote= P.F. Chang’s, founded in 1993, has nearly 300 restaurants in 23 countries and U.S. airport locations.}}</ref> including P.F. Chang’s To Go takeout locations.<ref>{{cite news |last=Ruggless |first= Ron |date= June 28, 2021 |url= https://www.nrn.com/casual-dining/pf-chang-s-accelerates-expansion-go-concept |title= P.F. Chang's accelerates expansion of To Go concept |publisher= [[Nation%27s Restaurant News|Nation’s Restaurant News]] |accessdate= March 23, 2022 |quote= 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.}}</ref>


The name "P. F. Chang's" is derived from those of [[Paul Fleming (restaurateur)|Paul Fleming]] (P. F.) and Philip Chiang (whose surname was simplified to ''Chang'').<ref name="FAQ">{{cite web|url=http://www.pfchangs.com/AboutUs/FAQ.aspx|title=FAQs|year=2010|publisher=P.F. Chang's China Bistro, Inc.|access-date=May 17, 2012}}</ref>
The name "P. F. Chang's" is derived from those of [[Paul Fleming (restaurateur)|Paul Fleming]] (P. F.) and Philip Chiang (whose surname was simplified to ''Chang'').<ref name="FAQ">{{cite web|url=http://www.pfchangs.com/AboutUs/FAQ.aspx|title=FAQs|year=2010|publisher=P.F. Chang's China Bistro, Inc.|access-date=May 17, 2012|archive-date=February 12, 2015|archive-url=https://web.archive.org/web/20150212084530/http://www.pfchangs.com/aboutus/faq.aspx|url-status=dead}}</ref>


==History==
==History==
[[Image:STC PF Changs.jpg|thumb|left|P.F. Chang's China Bistro. [[Stamford Town Center]] (now closed)]]
[[Image:STC PF Changs.jpg|thumb|left|P.F. Chang's China Bistro, [[Stamford Town Center]] (now closed)]]
[[File:P.F. Chang's Chinese Bistro, St. Johns Town Center.jpg|thumb|P.F. Chang's Chinese Bistro. [[St. Johns Town Center]]]]
[[File:P.F. Chang's Chinese Bistro, St. Johns Town Center.jpg|thumb|P.F. Chang's Chinese Bistro, [[St. Johns Town Center]]]]
The chain was founded in 1993 by [[Paul Fleming (restaurateur)|Paul Fleming]] and Philip Chiang - son of [[Cecilia Chiang]]. The first [[restaurant]] was opened at the [[Scottsdale Fashion Square]] in [[Scottsdale, Arizona]].<ref name="FAQ"/> In 1993, P.F. Chang's China Bistro, Inc. was formed from the acquisition of the original four [[bistro]] restaurants.<ref name="FY 2011 10-K"/>
The chain was founded in 1993 by [[Paul Fleming (restaurateur)|Paul Fleming]] and Philip Chiang - son of restaurateur [[Cecilia Chiang]]. The first [[restaurant]] was opened at the [[Scottsdale Fashion Square]] in [[Scottsdale, Arizona]].<ref name="FAQ"/> In 1993, P.F. Chang's China Bistro, Inc. was formed from the acquisition of the original four [[bistro]] restaurants.<ref name="FY 2011 10-K"/>


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 by [[Unilever]].<ref>{{cite web|url=http://www.pfchangshomemenu.com/Products|title=Products|year=2012|publisher=Unilever|access-date=May 17, 2012|url-status=dead|archive-url=https://web.archive.org/web/20120512212915/http://www.pfchangshomemenu.com/products/|archive-date=May 12, 2012}}</ref>
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 by [[Unilever]].<ref>{{cite web|url=http://www.pfchangshomemenu.com/Products|title=Products|year=2012|publisher=Unilever|access-date=May 17, 2012|url-status=dead|archive-url=https://web.archive.org/web/20120512212915/http://www.pfchangshomemenu.com/products/|archive-date=May 12, 2012}}</ref>
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[[ConAgra Foods, Inc.]] acquired the P.F. Chang's Home Menu license from Unilever in August 2012.{{Citation needed|date=June 2022}}
[[ConAgra Foods, Inc.]] acquired the P.F. Chang's Home Menu license from Unilever in August 2012.{{Citation needed|date=June 2022}}

In 2015, P.F. Chang's filed for bankruptcy for its Canadian division.<ref>{{Cite web|url=https://financialpost.com/news/retail-marketing/p-f-changs-files-for-bankruptcy-protection-as-u-s-eatery-loses-way-in-ethnically-diverse-canada|title=P.F. Chang's files for bankruptcy protection as U.S. eatery loses way in 'ethnically diverse' Canada|date=April 17, 2015|access-date=June 4, 2023|website=Financial Post|language=en}}</ref>


In December 2017, Chang's announced that they would open a location in [[Shanghai]] during the first part of 2018, Chang's first location in China.<ref>{{Cite news|url=http://www.businessinsider.com/pf-changs-is-opening-in-china-as-an-american-bistro-2017-12?op=1|title=Iconic Asian restaurant chain P.F. Chang's is opening its first location in China as an 'American bistro'|last=Taylor|first=Kate|date=6 December 2017|work=[[Business Insider]]|access-date=7 December 2017}}</ref>
In December 2017, Chang's announced that they would open a location in [[Shanghai]] during the first part of 2018, Chang's first location in China.<ref>{{Cite news|url=http://www.businessinsider.com/pf-changs-is-opening-in-china-as-an-american-bistro-2017-12?op=1|title=Iconic Asian restaurant chain P.F. Chang's is opening its first location in China as an 'American bistro'|last=Taylor|first=Kate|date=6 December 2017|work=[[Business Insider]]|access-date=7 December 2017}}</ref>


In January 2019, Chang's announced it was in talks to be sold to TriArtisan Capital Partners and [[Paulson & Co.]] for approximately $700 million from its previous owner, Centerbridge Partners.<ref>{{cite web |title=P.F. Chang's Is Sold to TriArtisan Capital and Paulson |url=https://www.bloomberg.com/news/articles/2019-01-10/p-f-chang-s-said-to-be-sold-to-triartisan-capital-and-paulson |last=Doherty|first=Katherine|work=[[Bloomberg L.P.|Bloomberg]]|date=January 10, 2019|access-date=July 15, 2019}}</ref><ref name=":0">{{Cite news|date=2020|title=Treasury, SBA data show small-business loans went to private-equity backed chains, members of Congress|work=The Washington Post|url=https://www.washingtonpost.com/business/2020/07/06/sba-ppp-loans-data/}}</ref>
In January 2019, Chang's announced it was in talks to be sold to TriArtisan Capital Partners and [[Paulson & Co.]] for approximately $700 million from its previous owner, Centerbridge Partners.<ref>{{cite web |title=P.F. Chang's Is Sold to TriArtisan Capital and Paulson |url=https://www.bloomberg.com/news/articles/2019-01-10/p-f-chang-s-said-to-be-sold-to-triartisan-capital-and-paulson |last=Doherty|first=Katherine|work=[[Bloomberg L.P.|Bloomberg]]|date=January 10, 2019|access-date=July 15, 2019}}</ref><ref name=":0">{{Cite news|date=2020|title=Treasury, SBA data show small-business loans went to private-equity backed chains, members of Congress|newspaper=The Washington Post|url=https://www.washingtonpost.com/business/2020/07/06/sba-ppp-loans-data/}}</ref>


In January 2020, Chang’s announced its first P.F. Chang’s To Go<ref>{{cite news |last=Tan |first= Gillian |date= October 19, 2020 |url= https://www.foxbusiness.com/lifestyle/pf-changs-is-opening-to-go-locations-in-new-york |title= PF Chang's is opening to-go locations in New York, meeting shifting consumer behavior |publisher= [[Fox Business]] |accessdate= March 23, 2022 |quote= 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.}}</ref> take-out only location will be in Chicago, Illinois.<ref>{{cite web|url=https://www.nrn.com/casual-dining/pf-chang-s-open-first-several-go-locations-chicago? |last=Ruggless |first=Ron |date=January 15, 2020 |title=P.F. Chang's to open first of several To Go locations in Chicago |work=[[Nations Restaurant News]] |access-date=January 20, 2020}}</ref> Chang's obtained more than $5 million in small-business loans as part of the [[Paycheck Protection Program and Health Care Enhancement Act|Paycheck Protection Program]] (coronavirus relief).<ref name=":0" />
In January 2020, Chang’s announced its first P.F. Chang’s To Go<ref>{{cite news |last=Tan |first= Gillian |date= October 19, 2020 |url= https://www.foxbusiness.com/lifestyle/pf-changs-is-opening-to-go-locations-in-new-york |title= PF Chang's is opening to-go locations in New York, meeting shifting consumer behavior |publisher= [[Fox Business]] |accessdate= March 23, 2022 |quote= 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.}}</ref> take-out only location will be in Chicago, Illinois.<ref>{{cite web|url=https://www.nrn.com/casual-dining/pf-chang-s-open-first-several-go-locations-chicago? |last=Ruggless |first=Ron |date=January 15, 2020 |title=P.F. Chang's to open first of several To Go locations in Chicago |work=[[Nations Restaurant News]] |access-date=January 20, 2020}}</ref> Chang's obtained more than $5 million in small-business loans as part of the [[Paycheck Protection Program and Health Care Enhancement Act|Paycheck Protection Program]] (coronavirus relief).<ref name=":0" />


===2004 Restatement===
===2004 restatement===
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.<ref>{{cite web |url=http://www.accessmylibrary.com/article-1G1-114373257/p-f-chang-china.html |title= P.F. Chang's Modifies Its Partnership Accounting}}</ref> 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 Dec. 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.<ref>{{cite web |url=https://www.sec.gov/Archives/edgar/data/1039889/000095015305000552/p70373e8vk.htm |title= P.F. Chang's Announces Lease Accounting Changes}}</ref>
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.<ref>{{cite web |url=http://www.accessmylibrary.com/article-1G1-114373257/p-f-chang-china.html |title= P.F. Chang's Modifies Its Partnership Accounting}}</ref> 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.<ref>{{cite web |url=https://www.sec.gov/Archives/edgar/data/1039889/000095015305000552/p70373e8vk.htm |title= P.F. Chang's Announces Lease Accounting Changes}}</ref>


==Menu==
==Menu==
[[Image:PF Changs.jpg|thumb|right|P.F. Chang's China Bistro. [[Columbia, Maryland]]]]
[[Image:PF Changs.jpg|thumb|right|P.F. Chang's China Bistro, [[Columbia, Maryland]]]]
The chain specializes in Asian fusion cuisine.<ref>{{Cite web |last=Warren |first=Alicia |date=2022-06-03 |title=P.F. Chang's CEO on worker shortages amid labor slump: 'Still understaffed in some locations' |url=https://www.foxbusiness.com/lifestyle/p-f-changs-worker-shortages-labor-slump |access-date=2022-06-17 |website=FOXBusiness |language=en-US}}</ref> Special items on their menu include their 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.<ref name="FY 2011 10-K"/>
The chain specializes in Asian fusion cuisine.<ref>{{Cite web |last=Warren |first=Alicia |date=2022-06-03 |title=P.F. Chang's CEO on worker shortages amid labor slump: 'Still understaffed in some locations' |url=https://www.foxbusiness.com/lifestyle/p-f-changs-worker-shortages-labor-slump |access-date=2022-06-17 |website=FOXBusiness |language=en-US}}</ref> Special items on their menu include their 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.<ref name="FY 2011 10-K"/>


==Data breaches==
==Data breaches==
===2013–14 credit card breach===
===2013–14 credit card breach===
In mid-2014, information regarding credit card breaches at P.F. Chang's restaurant was brought to light by various sources, and later confirmed by P.F. Chang's.<ref>{{cite web |url=https://krebsonsecurity.com/2014/06/p-f-changs-confirms-credit-card-breach/ |title= P.F. Chang's Confirms Credit Card Breach}}</ref>
In mid-2014, information regarding credit card breaches at P.F. Chang's restaurant was brought to light by various sources, and later confirmed by P.F. Chang's.<ref>{{cite web |url=https://krebsonsecurity.com/2014/06/p-f-changs-confirms-credit-card-breach/ |title= P.F. Chang's Confirms Credit Card Breach|date= June 14, 2014}}</ref>


===2018 security vulnerability===
===2018 security vulnerability===
On April 9, 2018, independent security researcher Akshay 'Ax' Sharma demonstrated a security flaw in P.F. Chang's Rewards program which enabled leakage of members' information, due to a poorly implemented [[API]].<ref>{{cite web |url=https://medium.com/@AkshaySharmaUS/p-f-changs-security-flaw-revealed-following-panera-bread-s-leak-b47fa6a1bba6 |title=P.F. Chang's Security Flaw revealed, following Panera Bread's leak}}</ref>
On April 9, 2018, independent security researcher Akshay 'Ax' Sharma demonstrated a security flaw in P.F. Chang's Rewards program which enabled leakage of members' information, due to a poorly implemented [[API]].<ref>{{cite web |url=https://medium.com/@AkshaySharmaUS/p-f-changs-security-flaw-revealed-following-panera-bread-s-leak-b47fa6a1bba6 |title=P.F. Chang's Security Flaw revealed, following Panera Bread's leak|date=January 23, 2020 }}</ref>


==See also==
==See also==
* [[List of Chinese restaurants]]
* [[List of Chinese restaurants]]
* [[Pei Wei Asian Diner]]
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{{Portalbar|Arizona|Companies|Food}}
* [[Panda Express]]


==References==
==References==
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{{Fast-food chains of the United States|state=collapsed}}
{{Fast-food chains of the United States|state=collapsed}}

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{{Portalbar|Arizona|Companies|Food}}


[[Category:1993 establishments in Arizona]]
[[Category:1993 establishments in Arizona]]
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[[Category:Chinese restaurants]]
[[Category:Chinese restaurants]]
[[Category:Restaurants established in 1993]]
[[Category:Restaurants established in 1993]]
[[Category:Companies that have filed for bankruptcy in Canada]]
[[Category:2012 mergers and acquisitions]]
[[Category:2012 mergers and acquisitions]]
[[Category:2019 mergers and acquisitions]]
[[Category:2019 mergers and acquisitions]]

Latest revision as of 05:15, 8 April 2024

This article is about the restaurant chain. For the podcast audience, see The Fighter and the Kid.

P.F. Chang's Inc.
P.F. Chang's China Bistro
Company typePrivate
IndustryRestaurant
GenreCasual dining
Founded1993; 31 years ago (1993)
Scottsdale, Arizona, U.S.
FoundersPaul Fleming
Philip Chiang
Headquarters8377 E. Hartford, 2nd Floor
Scottsdale AZ 85255
Number of locations
More than 300 (Worldwide, 2021)
Area served
Worldwide
Key people
  • Eduardo Luz, CEO and President
  • Art Kilmer, COO[1]
  • Brad Hill, CFO[2]
ProductsAmerican Asian cuisine
OwnerTriArtisan Capital
Paulson & Co.
Websitepfchangs.com
Footnotes / references
[3][4][5]

P. F. Chang's China Bistro is an American-based, casual dining restaurant chain founded in 1993 by Paul Fleming and Philip Chiang that serves Asian fusion cuisine. Centerbridge Partners owned and operated Chang's until acquired by the private equity firm TriArtisan Capital Advisors on March 2, 2019.[6] P. F. Chang's is headquartered in Scottsdale, Arizona.

The chain specializes in American Chinese cuisine, plus other Asian dishes. P.F. Chang’s operates 300 locations in 22 countries[7] and U.S. airports,[8] including P.F. Chang’s To Go takeout locations.[9]

The name "P. F. Chang's" is derived from those of Paul Fleming (P. F.) and Philip Chiang (whose surname was simplified to Chang).[10]

History[edit]

P.F. Chang's China Bistro, Stamford Town Center (now closed)
P.F. Chang's Chinese Bistro, St. Johns Town Center

The chain was founded in 1993 by Paul Fleming and Philip Chiang - son of restaurateur Cecilia Chiang. The first restaurant was opened at the Scottsdale Fashion Square in Scottsdale, Arizona.[10] In 1993, P.F. Chang's China Bistro, Inc. was formed from the acquisition of the original four bistro restaurants.[3]

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 by Unilever.[11]

In 2012 Chang's accepted an offer from private investment firm, Centerbridge Partners in a deal valued at $1.1 billion.[12]

ConAgra Foods, Inc. acquired the P.F. Chang's Home Menu license from Unilever in August 2012.[citation needed]

In 2015, P.F. Chang's filed for bankruptcy for its Canadian division.[13]

In December 2017, Chang's announced that they would open a location in Shanghai during the first part of 2018, Chang's first location in China.[14]

In January 2019, Chang's announced it was in talks to be sold to TriArtisan Capital Partners and Paulson & Co. for approximately $700 million from its previous owner, Centerbridge Partners.[15][16]

In January 2020, Chang’s announced its first P.F. Chang’s To Go[17] take-out only location will be in Chicago, Illinois.[18] Chang's obtained more than $5 million in small-business loans as part of the Paycheck Protection Program (coronavirus relief).[16]

2004 restatement[edit]

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.[19] 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.[20]

Menu[edit]

P.F. Chang's China Bistro, Columbia, Maryland

The chain specializes in Asian fusion cuisine.[21] Special items on their menu include their 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.[3]

Data breaches[edit]

2013–14 credit card breach[edit]

In mid-2014, information regarding credit card breaches at P.F. Chang's restaurant was brought to light by various sources, and later confirmed by P.F. Chang's.[22]

2018 security vulnerability[edit]

On April 9, 2018, independent security researcher Akshay 'Ax' Sharma demonstrated a security flaw in P.F. Chang's Rewards program which enabled leakage of members' information, due to a poorly implemented API.[23]

See also[edit]

References[edit]

  1. ^ Zickhur, Monty (March 4, 2022). "P.F. Chang's To Go open at River City Marketplace". Jacksonville Daily Record. Retrieved March 23, 2022. While the focus is on takeout, seating is available for 11 guests. Hours are 2 p.m. to 9 p.m. daily. 'P.F. Chang's To Go River City Marketplace allows our guests to enjoy our elevated Asian cuisine in an easily accessible way,' said Art Kilmer, chief operating officer for P.F. Chang's.
  2. ^ Madell, Robin (April 11, 2022). "I'm the CEO of restaurant chain PF Chang's. I start my day at 6 a.m. and don't schedule meetings before 8 — here's what my morning routine is like". Business Insider. Retrieved July 28, 2022. Our COO Art also arrives at the office around 7:30 a.m., and we spend a few minutes discussing the previous day's operating results. Then I sit down with our CFO Brad Hill to discuss any relevant corporate planning or financial issues.
  3. ^ a b c P.F. Chang’s China Bistro, Inc. (January 1, 2012). "FY 2011 10-K". U.S. Securities and Exchange Commission. Retrieved May 17, 2012.
  4. ^ "Chef's Corner, Recipes and Tutorials". P.F. Chang's China Bistro, Inc. 2010. Archived from the original on November 20, 2009. Retrieved May 17, 2012.
  5. ^ "P.F. Chang's Wants to be The American Bistro of Shanghai". Ad Age. 2018. Archived from the original on July 17, 2022. Retrieved April 21, 2018.
  6. ^ Fantozzi, Joanna (March 2, 2019). "P.F. Chang's completes sale to TriArtisan Capital". Nation's Restaurant News. Retrieved March 4, 2019.
  7. ^ Ruggless, Ron (May 2, 2018). "P.F. Chang's opens first restaurant in China". Nation’s Restaurant News. Retrieved March 23, 2022. P.F. Chang's, founded in 1993, has more than 300 restaurants in 22 countries and territories.
  8. ^ Ruggless, Ron (July 23, 2021). "P.F. Chang's in talks about potential IPO: Report". Nation’s Restaurant News. Retrieved March 23, 2022. P.F. Chang's, founded in 1993, has nearly 300 restaurants in 23 countries and U.S. airport locations.
  9. ^ Ruggless, Ron (June 28, 2021). "P.F. Chang's accelerates expansion of To Go concept". Nation’s Restaurant News. Retrieved March 23, 2022. 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.
  10. ^ a b "FAQs". P.F. Chang's China Bistro, Inc. 2010. Archived from the original on February 12, 2015. Retrieved May 17, 2012.
  11. ^ "Products". Unilever. 2012. Archived from the original on May 12, 2012. Retrieved May 17, 2012.
  12. ^ Rusli, Evelyn M. (May 1, 2012). "Centerbridge Buys P.F. Chang's for $1.1 Billion". The New York Times. Retrieved July 15, 2019.
  13. ^ "P.F. Chang's files for bankruptcy protection as U.S. eatery loses way in 'ethnically diverse' Canada". Financial Post. April 17, 2015. Retrieved June 4, 2023.
  14. ^ Taylor, Kate (December 6, 2017). "Iconic Asian restaurant chain P.F. Chang's is opening its first location in China as an 'American bistro'". Business Insider. Retrieved December 7, 2017.
  15. ^ Doherty, Katherine (January 10, 2019). "P.F. Chang's Is Sold to TriArtisan Capital and Paulson". Bloomberg. Retrieved July 15, 2019.
  16. ^ a b "Treasury, SBA data show small-business loans went to private-equity backed chains, members of Congress". The Washington Post. 2020.
  17. ^ Tan, Gillian (October 19, 2020). "PF Chang's is opening to-go locations in New York, meeting shifting consumer behavior". Fox Business. Retrieved March 23, 2022. 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.
  18. ^ Ruggless, Ron (January 15, 2020). "P.F. Chang's to open first of several To Go locations in Chicago". Nations Restaurant News. Retrieved January 20, 2020.
  19. ^ "P.F. Chang's Modifies Its Partnership Accounting".
  20. ^ "P.F. Chang's Announces Lease Accounting Changes".
  21. ^ Warren, Alicia (June 3, 2022). "P.F. Chang's CEO on worker shortages amid labor slump: 'Still understaffed in some locations'". FOXBusiness. Retrieved June 17, 2022.
  22. ^ "P.F. Chang's Confirms Credit Card Breach". June 14, 2014.
  23. ^ "P.F. Chang's Security Flaw revealed, following Panera Bread's leak". January 23, 2020.

External links[edit]

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