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| image_size = 250px
| image_size = 250px
| image_caption = {{small|The Keg at [[Yonge and Eglinton]] in Toronto.}}
| image_caption = {{small|The Keg at [[Yonge and Eglinton]] in Toronto.}}
| type = [[Privately held company|Private]] <!-- Do not change to [[Subsidiary]] until purchase by [[Cara Operations]] has closed -->
| type = [[Subsidiary]]
| predecessor = The Keg ‘n Cleaver
| predecessor = The Keg ‘n Cleaver
| successor = The Keg
| successor = The Keg
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| num_locations = over 100 (Canada) ''<small>as of October 2016</small>''<br> 10 (United States)
| num_locations = over 100 (Canada) ''<small>as of October 2016</small>''<br> 10 (United States)
| areas_served = Canada <br> United States
| areas_served = Canada <br> United States
|key_people = David Aisenstat<br />([[CEO]]/[[Chairman]]/[[President (corporate title)|President]]/[[Director (corporation)|Director]])
|key_people = David Aisenstat<br />(former owner, now senior [[Cara Operations]] executive and [[Director (corporation)|Director]])
| industry = [[Restaurants]]
| industry = [[Restaurants]]
| products = [[Steak]], [[Ribs (food)|ribs]], [[Chicken (food)|chicken]], and [[seafood]]
| products = [[Steak]], [[Ribs (food)|ribs]], [[Chicken (food)|chicken]], and [[seafood]]
| owner = [[Fairfax Financial]]: 51% <br />[[David Aisenstat]]: 49% <!-- Do not update until purchase by [[Cara Operations]] has closed -->
| owner = [[Cara Operations]]
| num_employees =
| num_employees =
| parent = <!-- Do not update until purchase by [[Cara Operations]] has closed -->
| homepage = {{URL|http://kegsteakhouse.com}}
| homepage = {{URL|http://kegsteakhouse.com}}
| intl = yes
| intl = yes

Revision as of 02:29, 18 June 2018

For the That '70s Show episode, see The Keg (That '70s Show episode).
The Keg Steakhouse and Bar
Company typeSubsidiary
IndustryRestaurants
PredecessorThe Keg ‘n Cleaver
FoundedNorth Vancouver, British Columbia
(1972)
FounderGeorge Tidball
SuccessorThe Keg
Headquarters
Richmond, British Columbia
,
Canada
Number of locations
over 100 (Canada) as of October 2016
10 (United States)
Areas served
Canada
United States
Key people
David Aisenstat
(former owner, now senior Cara Operations executive and Director)
ProductsSteak, ribs, chicken, and seafood
OwnerCara Operations
Websitekegsteakhouse.com

The Keg is a Canadian-owned chain of steakhouse restaurants and bars located in Canada and the United States. Founded by George Tidball with a single location in North Vanvouver, British Columbia in 1971, it has expanded to 106 locations in Canada and the United States as of February 2018, when Canadian food industry giant Cara Operations purchased the chain for $200 million. Former Keg Chairman and 49% (until the sale) owner David Aisenstat has stayed on with Cara as a senior executive.[1]

Operations

After being owned solely by founder David Aisenstat It is operated by Keg Restaurants Ltd., the legal operating entity of the restaurant chain that is, as of February 4, 2014 51% owned by Fairfax Financial and 49% by founder David Aisenstat, who had previously owned 100% of the chain.[2]

However, its right to use The Keg trademarks & intellectual property comes from a 99-year license & royalty agreement with The Keg Royalties Income Fund, signed in 2002, that collects an annual royalty in the amount of 4% of gross sales for restaurant locations in the Royalty Pool. The Keg Royalties Income Fund is the publicly traded portion of The Keg group of companies and is traded as TSX: KEG.UN on the Toronto Stock Exchange, other than public shareholders of Fairfax Financial who, indirectly, through Fairfax's wholly owned investment management subsidiary, would effectively be "owners" of the 51% of Keg Restaurants Ltd that Fairfax owns. Keg Restaurants Ltd also provides management services to The Keg Royalties Income Fund at no cost as part of its long-term royalty and licensing agreement.

History

The Keg on King Street West in Downtown Toronto's Fashion District.
100th location of The Keg was built in Moncton, New Brunswick in 2007.

It was founded in 1971 in North Vancouver, British Columbia as The Keg 'n Cleaver by George Tidball at one very small, downstairs location in an old industrial building in the Moodyville area of lower Lonsdale and today operates in all provinces (excluding Prince Edward Island) and five American states.[3] The Keg is well known for buying up historic manors and turning them into restaurants. Examples of this are the Keg Mansion in Toronto, and the Keg Manor at the Maplelawn Estate in Ottawa. Also notable as heritage restorations are the Kegs in Kamloops, British Columbia, which was a CN Station and in New Westminster, British Columbia, which was formerly the city's CPR station.

See also

References

  1. ^ "Owner of Harvey's, Swiss Chalet buying steakhouse chain The Keg for $200M". CBC News. 23 January 2018. Archived from the original on 23 January 2018. Retrieved 23 January 2018. {{cite news}}: Unknown parameter |deadurl= ignored (|url-status= suggested) (help)
  2. ^ The Keg Royalties Income Fund - Annual Information Form - March 29, 2017 - SEDAR Archived September 3, 2017, at the Wayback Machine
  3. ^ The Keg, Franchise Information Archived 2014-04-09 at the Wayback Machine
Wikimedia Commons has media related to The Keg.


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