March 02, 2015 10:28 PM ET

Hotels, Restaurants and Leisure

Company Overview of Cara Operations Limited

Company Overview

Cara Operations Limited is a full service restaurant company that owns, operates, and franchises restaurants in Canada. It owns various restaurant concepts, including Swiss Chalet, East Side Mario's, Milestones, Casey's, Bier Markt, Kelsey's, Fionn MacCool's, Montana's, and Harvey's. The company was formerly known as The Canada Railway News Company Limited and changed its name to Cara Operations Limited in 1961. Cara Operations Limited was founded in 1883 and is based in Vaughan, Canada.

199 Four Valley Drive

Vaughan, ON L4K 0B8

Canada

Founded in 1883

4,700 Employees

Phone:

905-760-2244

Fax:

905-405-6777

Key Executives for Cara Operations Limited

Chief Executive Officer and President
Age: 55
Chief Financial Officer
Age: 51
Chief Operating Officer and Executive Vice President
Vice Chairman and President of Cara Holdings Limited
Chief Development Officer and President of Family Dining Division
Age: 49
Compensation as of Fiscal Year 2014.

Cara Operations Limited Key Developments

Cara Mulls IPO

Cara Operations Limited is planning to go public and sell shares on the Toronto Stock Exchange. Cara Operations filed a preliminary prospectus to list shares on the Toronto Stock Exchange soon. According to the document, the initial public offering (IPO) will happen some time in the summer of 2015, if everything goes well. Financial details have yet to be determined, but Cara Operations announced that it’s planning to sell subordinate shares through a public offering.

SCENE Announces Strategic Marketing Partnership with CARA Operations Limited

SCENE announced a strategic marketing partnership that will see CARA Operations Limited ('CARA') become the program's exclusive restaurant partner. Beginning this summer, SCENE members will be able to earn and redeem points at 813 CARA restaurants, including Swiss Chalet Rotisserie & Grill, Harvey's, Milestones Grill & Bar, Montana's BBQ & Bar, Kelsey's, East Side Mario's, Fionn MacCool's, D'Arcy McGee's, Paddy Flaherty's, Tir nan Og and Bier Markt. SCENE members will earn one SCENE point for every $3 spent in-store and online at participating restaurants, in addition to ongoing bonus point offers. Members will be able to redeem 1,000 SCENE points to receive a $10 discount on their bill at participating CARA restaurant locations. The partnership will also enable guests to continue to earn and redeem SCENE points for CARA's gift card, The Ultimate Dining Card.

Cara Operations Seeks Acquisitions

Cara Operations Limited notes that its acquisition of Prime Restaurants Inc. from Fairfax Financial Holdings Limited (TSX:FFH) will bring opportunities for growth, acquisitions and sharing best practices as they merge.

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Date
Target
Merger/Acquisition
December 22, 2014
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