The story
Buffalo Grill was founded in September 1980 by Christian Picart. The first location opened in Avrainville, Essonne. Four years later, Picard opened a second outlet in France and then a first franchise in Annecy.
Throughout the 1980s and 1990s, the chain continued its expansion in France. By the end of 1995, the chain offered over 140 outlets, with 38 as franchises. In 1997, it opened 3 restaurants in Belgium and one in Madrid, followed by other outlets in Spain, two in Luxembourg and one in Switzerland. In 1999, the group went public on the Paris Stock Exchange.
In 2005, the company was sold to Colony Capital which acquired a majority stake (83%). Three years later, Buffalo Grill was sold to Abenex & Nixen Partners.
In 2017, private equity fund TDR Capital LLP acquired the company, a value estimated at around €400 million.
As of July 2019, Buffalo Grill reported it had 360 outlets (including 100 franchises), with over 5,000 employees.
In 2020 the last Luxemburg location has been closed.RTL Today news from 14.02.2019
From Wikipedia’s article on Buffalo Grill, shared under CC BY-SA 4.0.5