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Footnotes / references. [3] [4] [5] P. F. Chang's China Bistro is an American-based, casual dining restaurant chain founded in 1993 by Paul Fleming and Philip Chiang that serves Asian fusion cuisine. Centerbridge Partners owned and operated Chang's until acquired by the private equity firm TriArtisan Capital Advisors on March 2, 2019. [6]
The restaurant chain was created as Pei Wei Asian Diner in 2000 by P. F. Chang's China Bistro (PFCB) to compete in the fast casual restaurant segment with a Pan Asian menu and quick, made-to-order service model, while P. F. Chang's remained in the full-service restaurant segment. The first Pei Wei location opened in Scottsdale in 2000.
Early life. Chiang was born in 1948 in Shanghai. [2] [3] He spent his childhood in Japan, his parents having fled China in 1949 due to the Communist takeover. [4] His father served as a diplomat for Taiwan. [4] With relatives in California, Chiang's mother, Cecilia Chiang, later moved with him and his sister to San Francisco's Chinatown.
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