The Quebec company Foodtastic took over the restaurant chain L’Gros Luxe as well as the Rôtisserie de Joliette on Wednesday.
“L’Gros Luxe is an excellent Quebec banner and we are excited to welcome it to the Foodtastic family. We are pleased to be able to help such a concept through these difficult times that have affected many restaurants, ”Foodtastic President and CEO Peter Mammas said in a statement.
He hopes to grow this brand which has three establishments in Montreal, one in Longueuil and another in Quebec.
“The concept of L’Gros Luxe allows us to convert several restaurants and we are already studying several sites across Greater Montreal. Allowing the reopening of several restaurants closed because of the pandemic is also part of our plans, ”added the boss of Foodtastic.
The creator of L’Gros Luxe, Alex Bastide, will remain in place since he will keep shares in this banner.
“With the financial support of Foodtastic, we will now be able to continue our expansion across Quebec,” said Alex Bastide.
Foodtastic also acquired the Rôtisserie Joliette, located in the town of the same name in Lanaudière. This establishment was founded by the Benny family, who created the Rôtisseries Au Coq as well as the Rotisseries Benny, which are now owned by Foodtastic.
The Quebec company also announced the opening of a Big Rig Kitchen and Brewery restaurant in the Toronto area.
Foodtastic owns the La Belle et La Bœuf, Monza, Carlos & Pepe’s, Souvlaki Bar and Nickels banners. Specialized in franchising, she supervises more than 95 restaurants which generate 180 million dollars in sales annually.