Andrew Cherng: Difference between revisions
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'''Andrew Cherng''' (pronounced: Chur-ng) is an American entrepreneur. He is perhaps best known for being the co-founder and chief executive officer of [[Panda Express]]. |
'''Andrew Cherng''' (pronounced: Chur-ng) is an American entrepreneur. He is perhaps best known for being the co-founder and chief executive officer of [[Panda Express]]. |
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Cherng was born in [[Jiangsu]], [[People's Republic of China|China]] and immigrated to the United States via [[Taiwan]] in 1966.<ref>http://www.economist.com/blogs/schumpeter/2010/12/positive_thinking</ref> Along with his father Ming Tsai Cherng, they started a sit down Chinese fast-food restaurant called Panda Inn in [[Pasadena, California]] using funds from the family and a [[Small Business Administration]] loan. |
Cherng was born in [[Jiangsu]], [[People's Republic of China|China]] and immigrated to the United States via [[Taiwan]] in 1966.<ref>http://www.economist.com/blogs/schumpeter/2010/12/positive_thinking</ref> Along with his father Ming Tsai Cherng, they started a sit down Chinese fast-food restaurant called Panda Inn in [[Pasadena, California]] using funds from the family and a [[Small Business Administration]] loan. In 1983, Cherng opened Panda Express, a fast food restaurant, at the newly opened Glendale Galleria II mall in Glendale, CA. <ref>http://www.pandaexpress.com/company/#!/story/story-1983</ref><ref name=krantz>{{cite web|last=Krantz|first=Matt|title=Panda Express spreads Chinese food across USA|url=http://www.usatoday.com/money/companies/management/2006-09-10-entrepreneur-panda-express_x.htm|publisher=USA Today}}</ref> He had been prompted to start the spin off by the developer of the mall who had eaten at Panda Inn and invited Cherng to take a place at the food court.<ref>{{cite web|last=Hirsch|first=Jerry|title=Profile {{!}} Andrew Cherng, Panda Express founder|url=http://seattletimes.nwsource.com/html/businesstechnology/2008149147_panda31.html|publisher=Los Angeles Times}}</ref> The company expanded to 100 restaurants by 1993 with the opening of a UCLA outlet.<ref name=krantz /> |
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The chain has become one the biggest Chinese American family owned fast food chains in the United States. Cherng has stated a preference for keeping the company closely held. However, he told ''USA Today'' if the company could get a valuation close to that of [[Chipotle Mexican Grill]], he could reconsider his stance.<ref name=krantz /> |
The chain has become one the biggest Chinese American family owned fast food chains in the United States. Cherng has stated a preference for keeping the company closely held. However, he told ''USA Today'' if the company could get a valuation close to that of [[Chipotle Mexican Grill]], he could reconsider his stance.<ref name=krantz /> |
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Revision as of 00:18, 1 July 2013
Andrew Cherng (pronounced: Chur-ng) is an American entrepreneur. He is perhaps best known for being the co-founder and chief executive officer of Panda Express.
Cherng was born in Jiangsu, China and immigrated to the United States via Taiwan in 1966.[1] Along with his father Ming Tsai Cherng, they started a sit down Chinese fast-food restaurant called Panda Inn in Pasadena, California using funds from the family and a Small Business Administration loan. In 1983, Cherng opened Panda Express, a fast food restaurant, at the newly opened Glendale Galleria II mall in Glendale, CA. [2][3] He had been prompted to start the spin off by the developer of the mall who had eaten at Panda Inn and invited Cherng to take a place at the food court.[4] The company expanded to 100 restaurants by 1993 with the opening of a UCLA outlet.[3]
The chain has become one the biggest Chinese American family owned fast food chains in the United States. Cherng has stated a preference for keeping the company closely held. However, he told USA Today if the company could get a valuation close to that of Chipotle Mexican Grill, he could reconsider his stance.[3]
References
- ^ http://www.economist.com/blogs/schumpeter/2010/12/positive_thinking
- ^ http://www.pandaexpress.com/company/#!/story/story-1983
- ^ a b c Krantz, Matt. "Panda Express spreads Chinese food across USA". USA Today.
- ^ Hirsch, Jerry. "Profile | Andrew Cherng, Panda Express founder". Los Angeles Times.