Aramark Enters Strategic Collaboration With Starr Restaurant

by Shivani Kumaresan, Benzinga Staff Writer

December 7, 2021 2:16 PM | 1 min read

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.

Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.