Montana's BBQ
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Montana's BBQ
Montana's BBQ & Bar (originally and in some cases, still branded as Montana's Cookhouse Saloon) is a Canadian restaurant chain known for smoked pork ribs, steaks, and burgers. It is headquartered in Vaughan, Ontario and is a subsidiary of Recipe Unlimited. Operations Montana's BBQ & Bar has 94 restaurants located across Canada, down from 105 in 2010. They have an established presence in all the Canadian provinces except Quebec, and none in the three territories. As of February 2009, Montana's closed their United States locations in Michigan and New York. History Montana's Cookhouse first opened its doors in 1995 as a subsidiary of Kelseys Original Roadhouse. The original idea was thought up by Kelsey's owner Paul Jeffery and its president Nils Kravis. In 1999, Cara Operations (now known as Recipe Unlimited) obtained controlling interest in Kelsey's, including the Montana's chain. Cara completed its acquisition of the entire company 2002. , the chain began rebranding as Montana' ...
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Subsidiary
A subsidiary, subsidiary company, or daughter company is a company (law), company completely or partially owned or controlled by another company, called the parent company or holding company, which has legal and financial control over the subsidiary company. Unlike regional branches or divisions, subsidiaries are considered to be distinct entities from their parent companies; they are required to follow the laws of where they are incorporated, and they maintain their own executive leadership. Two or more subsidiaries primarily controlled by same entity/group are considered to be sister companies of each other. Subsidiaries are a common feature of modern business, and most multinational corporations organize their operations via the creation and purchase of subsidiary companies. Examples of holding companies are Berkshire Hathaway, Jefferies Financial Group, The Walt Disney Company, Warner Bros. Discovery, and Citigroup, which have subsidiaries involved in many different Industry (e ...
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