Try one of these. News Video. News Video Berman's Call. Company News News Video Article. Related Video Up Next. Now Showing. Gregson said the Keg, which had same-restaurant sales growth of 4. Cara was outbid by Aisenstat when it tried to acquire the Keg in the s, said Levy, who worked at Cara from to Cara, operator of 1, restaurants and 16 banners including the veteran full-service dining brands Swiss Chalet, St.
Cara shareholders liked the deal. Shares of the Toronto-based company jumped 9. The Keg has more restaurants in Canada than the leading U. There are no imminent plans to extend other Cara banners into the U. The Keg Royalties Income Fund, a trust based in Ontario that receives a royalty of 4 per cent of gross sales from Keg restaurants included in the royalty pool, will remain intact after the transaction closes, the companies said.
Sign up to receive the daily top stories from the Financial Post, a division of Postmedia Network Inc. A welcome email is on its way. If you don't see it, please check your junk folder. We reserve the right to close comments at any time. Join the conversation Create account. Already have an account? Social Sharing. The two companies announced a deal on Tuesday that will see Vaughan, Ont.
Fairfax buys majority stake in The Keg.
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