November 23, 2014 4:37 PM ET

Hotels, Restaurants and Leisure

Company Overview of Cara Operations Limited

Company Overview

Cara Operations Limited owns and operates full-service restaurants in Canada. The company also offers franchising opportunities; and sells gift cards online. Cara Operations Limited was formerly known as The Canada Railway News Company Limited and changed its name to Cara Operations Limited in 1961. The company was founded in 1883 and is based in Vaughan, Canada.

199 Four Valley Drive

Vaughan, ON L4K 0B8


Founded in 1883

38,800 Employees





Key Executives for Cara Operations Limited

Chief Executive Officer and President
Age: 55
Chief Operating Officer and Executive Vice President
Vice Chairman and President of Cara Holdings Limited
President of Kelsey International Inc and Chief Operating Officer of Kelseys International Inc
President of Summit Food Service Distributors Inc
Compensation as of Fiscal Year 2014.

Cara Operations Limited Key Developments

Cara Operations Seeks Acquisitions

Cara Operations Limited notes that its acquisition of Prime Restaurants Inc. from Fairfax Financial Holdings Limited (TSX:FFH) will bring opportunities for growth, acquisitions and sharing best practices as they merge.

Cara Operations Limited Announces Executive Appointments

Cara Operations Limited announced that it closed a strategic financing transaction with Fairfax Financial Holdings Limited and acquired Prime Restaurants Inc. Concurrent with the closing of the Transaction Mr. Bill Gregson has been appointed President and CEO of Cara. Mr. Gregson has spent over 30 years in the retail industry, most recently as Executive Chairman, President and CEO of The Brick Group. Prior to that, Mr. Gregson was the President and Chief Operating Officer of the Forzani Group. Prime will become a wholly owned subsidiary of Cara. Mr. John A. Rothschild, who will continue as the CEO of Prime and will be the Executive Vice Chair of the Board of Cara.

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