When Life Gives It Lemons, KKR Backs Lemonade Restaurants
October 08, 2014
Kohlberg Kravis Roberts has acquired a minority stake in Lemonade Restaurant Group, a cafeteria-style restaurant chain. Operating 14 stores in California, as well as one in the Middle East, the chain describes its offering as fast-casual comfort food. According to the WSJ, the company has 28 stores in development in the Middle East under a licensing agreement, and plans to expand to 40 locations by 2016, with additional growth in California, Texas and Hawaii.