Pie Face Holdings Pty Ltd., an Australian micro-bakery cafe chain specializing in sweet and savory pies with a U.S. subsidiary, announced its expansion of operations into the Middle East after signing an agreement with the hospitality division of Landmark Group, a Dubai-based retail and hospitality conglomerate with operations in retail, hospitality, leisure, health and wellness.
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While the meat pie may not be as American as its apple-filled cousin, one quick-service entrepreneur is betting on the Australian street-food staple to become the next big thing in U.S. quick service.
Wayne Homschek is CEO of Pie Face, a meat-pie concept that opened its first location in Sydney, Australia, in 2003 and now has 72 locations Down Under. The first U.S. Pie Face opened in January in Midtown Manhattan, and five more are scheduled to open before the end of the year. By the end of 2013, Homschek plans to have 16 Pie Face locations up and running in New York City.
Pie Face Holdings, Inc., a Delaware corporation and Brooklyn, New York-based subsidiary of Pie Face Holdings Pty Ltd, based in Sydney, Australia, today announced the closing of a private placement of shares of its common stock.
Total gross proceeds to Pie Face USA were $15 million. The purchased shares represent approximately 43 percent of the issued and outstanding shares of Pie Face USA on a fully diluted basis.