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62-year-old pizza buffet chain gives up control in major deal
Yahoo Finance· 2026-01-25 17:33
Company Overview - Mr Gatti's Pizza, founded in 1964 in Texas, has evolved from a small restaurant to a chain with over 200 locations across Texas and the southeastern U.S. [2][3] - The brand initially distinguished itself with buffet-style dining and later embraced the entertainment-plus-pizza model in the 1980s, appealing to families [3]. Industry Trends - The hybrid model of combining dining with entertainment is increasingly valuable as traditional casual dining faces challenges in attracting consumers [4]. - A 2025 McKinsey & Company survey indicated that 45% of consumers have reduced their spending at pizza restaurants, highlighting the competitive pressures in the industry [4]. Recent Developments - Mr Gatti's Pizza has sold a majority stake to OneRyan Global LLC, a family office led by businessman G. Brint Ryan, although financial terms were not disclosed [6]. - OneRyan Global has been involved with Mr Gatti's since 2022, acquiring a minority stake and transitioning the brand to a fully franchised system [6][7].