Panda Restaurant Group makes strategic investment in Pieology Pizzeria
With rapid expansion and multiplying sales, Pieology Pizzeria has earned its reputation as one of the fastest growing restaurant chains in the U.S. over the last five years. Now there is even more fuel to propel that growth—this week the pizza chain announced a strategic investment from Andrew and Peggy Cherng, founders of Panda Restaurant Group (PRG).
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While the exact numbers behind the investment are undisclosed, the reasoning is clear. As the parent company behind such successful brands as Panda Express and Panda Inn, PRG reportedly took an interest in both the pizza chain’s growth and its community-focused mission statement.
“Andrew and I are proud to support Pieology in its growth as a leader in the fast casual category,” said Peggy Cherng in this statement to the press. “We appreciate aligning with organizations whose mission and values reflect our commitment to quality and people development.”
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“The Cherngs’ generosity in allowing us access to PRG’s valuable resources provides our organization and our franchise partners with unparalleled strategic advantages on so many levels, as Pieology continues to expand across the nation. I am beyond excited about our future,” added Pieology founder Carl Chang, noting that the pizza chain is humbled and honored to partner with a brand like PRG. “What the Cherngs have accomplished with Panda Restaurant Group is astounding, but what they have achieved culturally as an organization in bettering the lives of their employees, along with the positive impact made within their local communities with programs like Panda Cares, is perhaps the most impressive achievement of all.”