Recipe Unlimited Acquires Evergood, Owner of Goody's and Everest

Recipe Unlimited Acquires Evergood in a deal that brings Greece's food service group under Canadian ownership. Vivartia has signed a definitive agreement to sell its subsidiary Evergood to Recipe Unlimited Corp. The companies announced the news on Wednesday. Learn more on the official Recipe Unlimited website.

The agreement covers all of Evergood's shares. Financial terms were not disclosed. The move is part of a wider restaurant industry acquisition 2026 trend.

Recipe Unlimited Acquires Evergood and Its Greek Chains

Evergood operates the Goody's, Everest, Flocafe, La Pasteria and Jackaroo chains. These brands give it a leading position in the Greek market. The group also has an experienced management team.

Recipe Unlimited CEO Frank Hennessey said these strengths made Evergood an ideal partner for the company's international expansion. He said the company looks forward to working with the management team. The goal is to build on its platform and create growth in Greece and international markets.

Who Is Recipe Unlimited?

Recipe Unlimited has been wholly owned by Fairfax Financial Holdings since October 2022. Canadian Indian billionaire Prem Watsa leads Fairfax. The group operates 18 restaurant brands across full service dining, limited service restaurants and retail.

Its portfolio includes Swiss Chalet, St-Hubert, Montana's BBQ and Bar, Harvey's, New York Fries and The Burger's Priest.

What Happens Next for the Evergood Deal

The transaction remains subject to customary regulatory approvals. Other closing conditions also apply. More details are expected once the deal moves closer to completion.

For more food industry updates, read the latest restaurant news from HCP.