sbe & The ONE Group Agree to Mutually Terminate Sale Agreement for Aquisition of Katsuya and Cleo

The ONE Group | October 22, 2015

NEW YORK--October 22, 2015--SBEEG Holdings, LLC ("SBE") and The ONE Group Hospitality, Inc. ("The ONE Group") (Nasdaq:STKS) have decided that it is in their mutual interests to terminate the agreements relating to the acquisition of sbe's Katsuya and Cleo brands. sbe looks forward to continuing to build momentum for Katsuya and Cleo by working closely with Chef Katsuya Uechi and Chef Danny Elmaleh. sbe's plans call for the opening of eleven Katsuya locations in addition to the eight operating today and the opening of three new Cleo locations in addition to those operating in Hollywood, Las Vegas and South Beach. The ONE Group will conti...