Australian-born business Sushi Sushi has been sold to Japanese-origin sushi group Genki Global Dining Concepts.
The acquisition of Sushi Sushi’s parent company Food Odyssey Pty Ltd boosts Genki Global Dining Concepts’ portfolio and its footprint in the Australian market.
The 27-year-old Sushi Sushi chain has more than 180 stores in its network and recently expanded into Saudi Arabia; Genki has 430 stores operating across four brands in more than 13 countries.
Mitsuzo Fujio, the president and CEO of Genki Global Dining Concepts, said Sushi Sushi strongly aligns with the group’s global ambition.
“Sushi Sushi is an iconic Australian brand with a powerful consumer proposition, strong franchise performance and significant runway for expansion, both in Australia and internationally.
“Its focus on quality, freshness and customer satisfaction aligns closely with our philosophy as we build one of the world’s leading Japanese-origin sushi brands,” Fujio said.
Sushi Sushi management team retained
Stephen Anders, CEO of Sushi Sushi, said the acquisition reflects the strength of the brand’s domestic foundation and its potential.
“Sushi Sushi has built a category-leading platform in Australia through relentless focus on quality, customer experience and operational excellence,” Anders said.
“This transaction recognises what our team and franchise partners have built, and partnering with Genki Global Dining Concepts positions us to accelerate our next phase of growth while staying true to what makes Sushi Sushi special.
“We have a Grab & Go sushi offer with significant opportunities for global expansion,” he said.
Sushi Sushi will operate as a subsidiary of the Japanese group, with the incumbent management team remaining in place to work with Genki to fast-track the brand’s strategic growth.
