Japan restaurant group Zensho to buy U.S., U.K. sushi chains

Company to gain 3,000 locations via record $625m purchase

20230613N Snowfox

Snowfox oversees 3,000 sushi kiosks and restaurants in North America and the U.K. (Photo courtesy of Snowfox)

HIDEKI SHINOHARA, Nikkei staff writer

TOKYO -- Japan's leading restaurant operator Zensho Holdings announced Tuesday that it will buy the parent of sushi chains that operate in North America and the U.K. for 87.4 billion yen ($625 million).

Zensho will acquire all shares of  SnowFox Topco from the current owners after gaining the necessary approvals from U.S. and other authorities.

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