MOD Pizza Acquired by Elite Restaurant Group: A New Chapter in Fast-Casual Dining
Learn about the recent acquisition of MOD Pizza by Elite Restaurant Group and its implications for the fast-casual dining industry.
Photo by Luca Bravo on Unsplash
Photo by Luca Bravo on Unsplash
A Strategic Move in the Fast-Casual Dining Market
The recent acquisition of MOD Pizza by Elite Restaurant Group marks a significant development in the fast-casual dining market. With MOD Pizza being part of the once-growing group of fast-casual pizza concepts, this move signals a strategic shift in the industry landscape. Elite Restaurant Group, known for its diverse portfolio of dining concepts, saw the inherent value in MOD's brand, culture, and loyal customer base.
Photo by Luca Bravo on Unsplash
Implications for MOD Pizza's Future
The acquisition opens up new possibilities for MOD Pizza's future trajectory. Michael Nakhleh, president of Elite Restaurant Group, expressed confidence in MOD's potential, highlighting the importance of the culture and loyal following that the brand has cultivated over the years. This acquisition paves the way for MOD Pizza to explore new avenues for growth and innovation under the guidance of Elite Restaurant Group.
Strengthening MOD Pizza's Position in the Market
Beth Scott, CEO of MOD Pizza, emphasized the excitement about collaborating with Elite Restaurant Group to enhance MOD's future prospects. With Elite's track record of acquiring and nurturing successful brands across various dining segments, MOD Pizza is poised to strengthen its position in the market and drive further growth. The partnership between MOD Pizza and Elite Restaurant Group is set to shape the brand's evolution in the fast-casual dining sector.
Photo by Luca Bravo on Unsplash
A Look into MOD Pizza's Growth Trajectory
Throughout its history, MOD Pizza has showcased steady growth and innovation in the fast-casual dining space. Founded in 2008 by Scott and Ally Svenson, MOD Pizza quickly became a beloved brand known for its 'build your own' pizza concept. The brand's expansion to over 550 locations by 2023 and consistent sales growth reflect its strong position in the market.