Who is the owner of PF Changs?

Who Owns P.F. Chang’s Today?

When P.F. Chang's China Bistro first opened its doors in 1993, it was the brainchild of restaurateur Paul Fleming and chef Philip Chiang—hence the playful “P.F.” and “Chang” in the name. What started as a single location in Scottsdale, Arizona, quickly grew into a nationwide favorite for its bold Asian fusion flavors and sleek, modern dining atmosphere.

Over the years, ownership changed hands, reflecting the evolving landscape of the restaurant industry. For a time, Centerbridge Partners, a New York-based private investment firm, took the helm, overseeing expansion and brand development. But in a significant shift, control passed to another private equity player—TriArtisan Capital Advisors—on March 2, 2019, in a deal that underscored the chain’s enduring appeal and growth potential.

Today, P.F. Chang’s operates hundreds of locations across the U.S. and beyond, offering not just dine-in experiences but also a strong retail and delivery presence. While the founders’ original vision still influences the menu—think sizzling orange chicken and hand-rolled noodles—the brand continues to adapt, introducing healthier options and global flavors to keep pace with modern tastes.

Though no longer in the hands of its original creators, P.F. Chang’s remains a staple of casual Asian-inspired dining. Under TriArtisan’s ownership, the focus has been on innovation and operational strength, helping the chain stay relevant in a competitive market. Whether you're grabbing takeout or enjoying a night out, the story behind the name adds a little extra flavor to every bite.