MONTREAL — Foodtastic Inc. has acquired a majority interest in Shoeless Joe’s Sports Grill. Founded by Fred Lopreiato, the sports-themed chain has 22 locations across Canada.
“We are extremely happy to welcome Shoeless Joe’s in our family. It is a great sports bar brand that will fit in perfectly in our restaurant portfolio,” says Peter Mammas, president and CEO of Foodtastic Inc. “We are excited that Frank Lopreiato will stay on board as an equity partner and lead the brand. We are also looking forward to working with all our new franchisees and growing Shoeless Joe’s in Canada.”
“We are thrilled to join Foodtastic Inc. Our commitment to continually evolve the brand has played a major role in the success of our growth and ability to compete in this ever-changing landscape,” says Lopreiato. “We look forward to sharpening the enterprise with the acquisition.”