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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.
Panda Express' billionaire CEO dishes up a stir-fry empire. âOur business mentality is to focus on people and food and less on profit, says Peggy Cherng, co-chair and co-chief executive of Panda Restaurant Group, which owns Panda Express. Cherng said she was satisfied with the profit margin, which she described as over 10%. (Cheryl A. Guerrero, Los Angeles Times)