Last checked Sep 17, 2026
Panda Express (operated by Panda Restaurant Group, Inc.)pandaexpress.comPanda Express (operated by Panda Restaurant Group, Inc.) is not currently listed as private-equity-owned.
Ownership & Acquisition History
Panda Express is not currently controlled by a private equity firm; it operates under Panda Restaurant Group, which describes itself as a family-owned business founded by Andrew and Peggy Cherng.
Notes
- Panda Restaurant Group fact sheet (updated 01/2026) states it is a 'family-owned business' founded by Andrew and Peggy Cherng, supporting founder/family control rather than private equity ownership.
- Panda Restaurant Group 'Our Story' timeline states Panda Express opened in 1983 at the Glendale Galleria Mall (Glendale, CA), supporting founding year/location and founders.
- Panda Restaurant Group press release describes the Panda Restaurant Group as 'privately-held', consistent with founder/family ownership and no indication of PE sponsor control.
Sources
- Panda Restaurant Group Fact Sheet (Updated: 01/2026) (PDF)
Panda Restaurant Group - States Panda Restaurant Group was founded by Andrew and Peggy Cherng and is a family-owned business (supports non-PE, family control; also provides timeline items).
- Our Story
Panda Restaurant Group - Timeline states that in 1983 Andrew and Peggy Cherng opened Panda Express at the Glendale Galleria Mall (supports founding year, founders, founding location).
- PANDA EXPRESS CELEBRATES 30 YEARS BY INVESTING IN ITS EMPLOYEES AND THE COMMUNITIES IT SERVES
GlobeNewswire - Refers to Panda Restaurant Group as 'privately-held' (supports not PE-owned).
- Panda Express
Wikipedia - Lists the company homepage (pandaexpress.com) and identifies Panda Restaurant Group as the parent (supporting operating-company context).
- https://legalclarity.org/who-owns-panda-restaurant-group-private-family-ownership/
Web search - Consulted by the research agent
- https://en.wikipedia.org/wiki/Panda_Restaurant_Group
Web search - Consulted by the research agent
- https://asia-pearl-express.com/html/root/ourfamilystory.html
Web search - Consulted by the research agent
- https://en.wikipedia.org/wiki/Andrew_Cherng
Web search - Consulted by the research agent
- https://legalclarity.org/who-owns-panda-express-founders-and-net-worth/
Web search - Consulted by the research agent
- https://en.wikipedia.org/wiki/Cherng_Family_Trust
Web search - Consulted by the research agent
- https://crehq.com/companies/panda-express/
Web search - Consulted by the research agent
- https://pestel-analysis.com/blogs/owners/pandarg
Web search - Consulted by the research agent
Ownership FAQ
Is Panda Express (operated by Panda Restaurant Group, Inc.) owned by private equity?
No. Panda Express (operated by Panda Restaurant Group, Inc.) does not currently appear to be private-equity-owned.
Who owns Panda Express (operated by Panda Restaurant Group, Inc.)?
Panda Restaurant Group, Inc. (family-owned; controlled by founders Andrew and Peggy Cherng)
When was Panda Express (operated by Panda Restaurant Group, Inc.) last checked?
This page was last checked on Sep 17, 2026.