Cara Operations Ltd.’s deal to buy The Keg restaurants is the latest consolidation move in an industry dominated by three operators that account for one-sixth of restaurant sales in Canada.
Cara, MTY Food Group Inc. and Restaurant Brands International Inc. (RBI) brought in an estimated $10 billion from a total $60 billion spent at restaurants last year, according to figures from market-research firm NPD Group.
Read more at The Hamilton Spectator