Recipe Unlimited acquires Vivartia's Evergood restaurant portfolio in Canada

Vivartia Holding announced that it has signed a definitive agreement to sell its Evergood unit, which operates the Goody’s Burger House, Everest, Flocafé, La Pasteria and Jackaroo chains, to Canada-based Recipe Unlimited. The transaction is subject to customary approvals and closing conditions. Recipe Unlimited, a subsidiary of Fairfax owned by Prem Watsa, brings extensive experience in restaurant operations across Canada, the United States and the Middle East, with a portfolio that includes Swiss Chalet, St-Hubert, Montana’s BBQ & Bar, Harvey’s Burgers, New York Fries and The Burger’s Priest.

Frank Hennessey, chief executive of Recipe Unlimited, described Evergood as a market leader in Greece with a strong management team, and said the deal will accelerate Recipe’s global expansion. He expressed enthusiasm for collaborating with Evergood’s leadership to create growth opportunities both in Greece and internationally.