Investment
Features
FeesSafety
Academy
More
Pluang+

Happy Belly acquires remaining 50% of PHIRO Fresh Greek Grill, gaining full ownership without cash or dilution.

Company Fundamentals
19 May 2026
Newsfile Corp
View Source
Bullish
pluang ai news

Happy Belly Food Group has exercised its right to acquire the remaining 50% stake in PHIRO Fresh Greek Grill, making it a wholly owned subsidiary. The acquisition is valued at 7.5 times the trailing twelve months EBITDA and will be completed without using cash or issuing new shares, instead transferring existing Happy Belly shares to PHIRO's founders. This move strengthens Happy Belly's multi-brand platform and supports its growth strategy across Canada and the U.S. The transaction is expected to close in Q3 after final reconciliations. Happy Belly continues to expand its portfolio of emerging food brands with a focus on sustainable and predictable growth through partnerships and franchising.

More News

Global automotive microcontrollers market to reach $34.31B by 2035, driven by ADAS, electrification, and software-defined vehicles.

Global automotive microcontrollers market to reach $34.31B by 2035, driven by ADAS, electrification, and software-defined vehicles.

The global automotive microcontrollers market is projected to grow from USD 15.49 billion in 2025 to USD 34.31 billion by 2035, at a CAGR of 8.28%. Growth is fueled by increasing adoption of advanced driver-assistance systems (ADAS), vehicle electrif...

Market News
Bullish
2 hours ago
Immuron reports FY26 sales growth with 10% rise in Australia and strong gains in Canada and the US.

Immuron reports FY26 sales growth with 10% rise in Australia and strong gains in Canada and the US.

Immuron Limited announced a 6% increase in global sales for FY26, reaching AUD$7.7 million, driven by a 10% rise in Australian sales and significant growth in Canada and the US markets. The growth in Australia is attributed to enhanced digital market...

Company Fundamentals
Bullish
4 hours ago
Ragnarok: The New World MMORPG launches in Southeast Asia on July 16, 2026.

Ragnarok: The New World MMORPG launches in Southeast Asia on July 16, 2026.

GRAVITY Co., Ltd. has officially launched Ragnarok: The New World, an open-world MMORPG based on the popular Ragnarok IP, in Southeast Asia on July 16, 2026. The game is available on both Mobile (Google Play and Apple App Store) and PC (official webs...

Others
Bullish
4 hours ago
Zymeworks to report Q2 2026 results on August 6, no earnings call due to Theravance Biopharma acquisition plans

Zymeworks to report Q2 2026 results on August 6, no earnings call due to Theravance Biopharma acquisition plans

Zymeworks Inc. will release its second quarter 2026 financial results after market close on August 6, 2026. The company will not hold an earnings call following the release due to its pending acquisition of Theravance Biopharma. This acquisition will...

Company Fundamentals
Neutral
4 hours ago
Global Net Lease to release Q2 2026 results on August 5, with a conference call on August 6.

Global Net Lease to release Q2 2026 results on August 5, with a conference call on August 6.

Global Net Lease, Inc. announced it will release its financial results for the second quarter ending June 30, 2026, on August 5 after the NYSE closes. The company will hold a conference call and webcast on August 6 at 11:00 a.m. ET to discuss the res...

Company Fundamentals
Neutral
4 hours ago
banner-footerbanner-footer

Invest & Trade with
#1 Award-Winning Investment Super App