Itsu IPO “an option” for int'l expansion, CEO says

However, Metcalfe stressed that the sushi chain can only go public if it is “completely ready” to offer continued growth and returns.

Following the announcement of its international expansion plans, itsu might be coming forward with a possible public offering.

“To create a brighter future of fast food on a global scale, floating itsu has to be an option,” itsu CEO Julian Metcalfe said in a statement sent to QSR Media.

“itsu is in its best shape ever with ambition and confidence at an all-time high,” he added.

However, he stressed that itsu can only go public if it is “completely ready” to offer continued growth and returns.

For its international expansion, the company said it has already invested £10 million to open 26 US stores, a part of its plan to open 100 international outlets, including two upcoming stores at Orly Airport in France and another in New York as earlier disclosed.

The Asian-inspired chain is seeking a combined restaurant and grocery sales of more than £500 million by 2025.