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Shari's Cafe & Pies

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Shari's Cafe & Pies
Company typePrivate
IndustryFoodservice
Founded1978; 46 years ago (1978)
Hermiston, Oregon, U.S.
HeadquartersBeaverton, Oregon, U.S.
Key people
Samuel Borgese (CEO)[1]
Revenue$121.4 million[2] (2023)
OwnerGather Holdings[3]
SubsidiariesCoco's Bakery
Websitesharis.com
Footnotes / references
Company data.[4]

Shari's Cafe & Pies, originally known as Shari's Restaurants, is a chain of family dining restaurants in the western United States based in Beaverton, Oregon.[5][6] Its restaurants are pie-oriented.[7] The franchise's original restaurant was opened in Hermiston, Oregon, in 1978. Shari's are known for their familiar hexagonal building design.[8] As of October 2024, eleven locations appear in the store location listing.[9]

History

Shari's logo (2003–2011)

Shari's began in Hermiston, Oregon, in 1978 with Ron and Sharon "Shari" Bergquist as proprietors.[10] The two ran the company for seven years. By 1999, Shari's was the ninth-largest family restaurant chain in the United States based on total sales, and sixth in growth.[11][better source needed]

Shari's logo from 2011

In March 1999, the chain was acquired by Fairmont Capital Inc. for $60 million.[12] At that time Shari's operated 96 locations in seven states with 4,000 employees and $128 million in annual revenue.[12] They were still the ninth largest family chain in 2003.[13]

Shari's lost a gender discrimination lawsuit in April 2005 and was ordered to pay $122,225 in damages.[14][15] In December 2005, the company was purchased by New York private investment firm Circle Peak Capital.[10]

President Larry Curtis retired in July 2008 after 24 years with Shari's and was succeeded by Bruce MacDiarmid.[16] In 2009, Shari's Restaurants took ownership of a number of northern California Baker's Square restaurants and converted them to operate under Shari's name.[17]

The chain is currently operated by Shari's Management Corporation in Beaverton. Most, but not all locations are open 24 hours a day, with a focus on specialty pies.[18] Samuel Borgese was named CEO in September 2017, replacing MacDiarmid.[1][5] In mid-2017, the company was operating 95 locations in the states of California, Idaho, Nebraska, Oregon, Washington, and Wyoming, just one fewer than in the year 2000.[1][19]

In September 2018, it was announced that Shari's Cafe & Pies had taken over Carrows and Coco's Bakery.[20][21]

Location in Garden Home, Oregon in 2009

In August 2024, it was announced that Shari's Cafe & Pies has been behind on payments for both property, taxes and services rendered for the restaurant chain. [22] As a result, a large number of Shari's locations permanently closed. [23] By early October 2024, the number of locations had declined to 49, operating in California, Oregon, Washington and Idaho.[24] In late October, all Oregon locations closed abruptly, dropping the remaining number of locations to seventeen.[25] Shari's owes around $900,000 to the Oregon Lottery for their video lottery machines.[26]

See also

References

  1. ^ a b c Marum, Anna (September 8, 2017). "New Shari's CEO to put 'healthier twist' on menu". OregonLive.com. Retrieved 8 September 2017.
  2. ^ Oct. 22, Heather; Lalley (October 22, 2024). "Shari's Restaurants closes all 42 of its Oregon locations". Restaurant Business. Retrieved 2024-10-28.{{cite web}}: CS1 maint: numeric names: authors list (link)
  3. ^ Lalley, Heather (October 22, 2024). "Shari's Restaurants closes all 42 of its Oregon locations". Restaurant Business. Retrieved 2024-10-28.
  4. ^ Hoovers: Shari's Management Corporation
  5. ^ a b Marum, Anna (September 8, 2017). "New Shari's CEO to put 'healthier twist' on menu". The Oregonian. Retrieved December 26, 2017.
  6. ^ "Shari's Café & Pies". www.oregonencyclopedia.org. Retrieved 2024-03-09.
  7. ^ "No more pies! Shari's suddenly shuts its last Tri-Cities restaurant after 40+ years". Yahoo Finance. 2023-04-24. Retrieved 2024-03-09.
  8. ^ "A familiar name fills Village Grill kitchen in Wood Village". oregonlive. 2010-03-20. Retrieved 2024-03-17.
  9. ^ "Locations – Shari's Restaurant". archive.is. 2024-10-28. Retrieved 2024-10-28.
  10. ^ a b "Shari's: Our History". Archived from the original on 2007-05-16. Retrieved November 24, 2024.
  11. ^ Family chains fight back with acquisitions, reduced unit size. Nation's Restaurant News, July 26, 1999.
  12. ^ a b Fairmont, execs buy Shari's chain for $ 60M. Nation's Restaurant News, March 15, 1999.
  13. ^ Most second-tier family brands seek recovery from sales slippage; Special Report: Second 100. Nation's Restaurant News, July 28, 2003.
  14. ^ Gresham man wins gender-bias suit. The Oregonian, April 20, 2005.
  15. ^ "Gay man wins lawsuit against Shari's". Eugene Register-Guard (via Google News). April 22, 2005. Retrieved January 2, 2015.
  16. ^ "Shari's Café & Pies". www.oregonencyclopedia.org. Retrieved 2024-11-04.
  17. ^ "Shari's Restaurants Expands". March 18, 2009.
  18. ^ "Sharis Promotes Vickie Irish to Vice President of People Engagement and Development". IT Business Net Press Release. August 31, 2017. Retrieved September 6, 2017.
  19. ^ "About". Shari's Cafe & Pies. 2017. Archived from the original on August 10, 2017. Retrieved November 24, 2024.
  20. ^ "Shari's Management Corp. takes over Coco's and Carrows". Nation's Restaurant News. 2018-09-13. Retrieved 2020-06-03.
  21. ^ Maze, Jonathan (September 17, 2018). "Shari's Pies now owns Coco's and Carrows". Restaurant Business. Retrieved 2020-06-03.
  22. ^ "Shari's Restaurants faces financial problems: Unpaid bills, taxes, eviction notices". KGW News. 2024-08-26. Retrieved 2024-09-02.
  23. ^ Banks, Alexander. "Shari's abruptly shutters Keizer restaurant amid string of Pacific Northwest closures". Statesman Journal. Retrieved 2024-10-01.
  24. ^ Zahn, Noah (October 8, 2024). "Shari's restaurant to close in Cheyenne after 40 years". Wyoming Tribune-Eagle.
  25. ^ "Oregon Lottery Confirms All Shari's Restaurants in Oregon Have Closed". Willamette Week. 2024-10-21. Retrieved 2024-10-21.
  26. ^ Plante, Amiee (23 October 2024). "Oregon Lottery says Shari's owes it nearly $900K after sudden closure". KOIN 6 News. Retrieved 23 October 2024.
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