- Aramark ARMK has entered into a strategic collaboration with the Philadelphia-based Starr Restaurant Organization. The financial terms were not disclosed.
- The parties will drive culinary innovation through the collaboration designed to provide the best hospitality experiences for Aramark clients.
- An exclusive licensing agreement will allow Aramark to operate designated Starr concepts and brands within multiple lines of its business.
- The collaboration will also lead to Aramark acquiring a minority ownership position in Starr Restaurants.
- Price Action: ARMK shares are trading lower by 0.11% at $35.43 on the last check Tuesday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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