TORONTO–(BUSINESS WIRE)–The Redberry Group (“Redberry”) is pleased to announce the appointment
of Ken Otto as Redberry’s new CEO, effective immediately.
Ken’s appointment is a clear reflection of the company’s current state
of “Growth Ready” and fired up after another year of strong financial
results as the largest privately-owned BURGER KING® franchise operator
in Canada. Ken has a successful track record of developing strong brands
in Canada leveraging his 30 plus years experience in the hospitality
industry. Prior to joining Redberry, Ken led some of Canada’s largest
restaurant Brands as President of Recipe’s Family Dining Division.
Before Recipe Unlimited Corp., he was COO for Boston Pizza
International. Redberry is excited to benefit from Ken’s leadership as
he heads Redberry’s BURGER KING® and Pizza Hut expansion strategy in
Canada.
“Both Burger King and Pizza Hut possess significant potential in
Canada,” says Ken, “and we look forward to working collaboratively with
our Partners and very talented Redberry teams, to deliver simply the
best burgers and pizzas to Canadians.”
Earlier this year, City Capital Ventures, LLC (“CCV”), a private
investment partnership headquartered in Chicago, Illinois, announced the
acquisition of Toronto-based Redberry Group and plans to accelerate new
unit growth and remodels for both the BURGER KING® and Pizza Hut brands
in Canada.
About Redberry Group
Founded in 2005, Redberry Group is one of the largest quick-service
restaurant franchisees in North America with 110 BURGER KING®
restaurants across Ontario, Quebec, and Manitoba and 23 Pizza Hut
restaurants in Alberta. The Redberry-owned BURGER KING® restaurants
represent 40% of all Canadian BURGER KING® locations.
About City Capital Ventures
City Capital Ventures is an investment partnership whose purpose is to
pair capital with business opportunity in a better, more-tailored way.
Investing on behalf of their network of family offices and private
market investors, CCV seeks out firms with innovative business designs
and attractive niche positions and looks to invest at inflection points
— not pre-determined stages. Because of their flexible mandate, CCV
investments are unbound by size or industry, though they typically
invest in consumer, commercial and service businesses requiring up to
$100 million of capital. CCV’s aim is to create lasting value for their
investors, the companies in which they invest, and the broader
stakeholders touched by their companies. For more information, visit www.citycapitalventures.com.
Contacts
Sharron Fry, Director of Marketing & Communications
[email protected]
