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.
The brand represents a group of frozen appetizers and meals that were sold under license by Unilever.
[11] In 2012 Chang's accepted an offer from private investment firm, Centerbridge Partners in a deal valued at $1.1 billion.
The Shanghai location is marketed to local Chinese customers as American food, and has 10 menu items unique to the company's China operations.
[20] Chang's obtained more than $5 million in small-business loans as part of the Paycheck Protection Program (coronavirus relief).
Wine, specialty drinks, Asian beers, sake, cappuccino, and espresso are available outside standard beverage offerings.