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The Panda Restaurant Group, parent company of Panda Inn, Panda Express, and Hibachi-San, was founded by Andrew and Peggy Cherng and Andrew's father, Master Chef Ming Tsai Cherng. Andrew Cherng and his father are from the Yangzhou region of China 's Jiangsu province, while Peggy was born in Burma and raised in Hong Kong.
David Pierson Contact Reporter. Company that owns Panda Express reached $2.2 billion in revenue last year, nearly doubling in just four years. The gig: Peggy Cherng, 66, is co-chair and co-chief executive of Panda Restaurant Group, one of the most recognizable Chinese restaurant chains in the world. The Rosemead-based firm, which owns Panda Express, operates 1,800 eateries and employs 26,000 people.