Fairfax explores acquisition of Vivartia’s Evergood division

Fairfax, the investment group led by Prem Watsa, is expanding its presence in the food service sector and is currently considering an acquisition in Greece. A subsidiary of Fairfax has completed due diligence regarding Evergood, the food service division of Vivartia, which operates brands such as Goody’s, Everest, Flocafé, and La Pasteria. While a formal offer with a specific price has not yet been submitted, the move signals a strategic interest in the Greek market.

Fairfax already possesses a significant global footprint in the hospitality industry. The group owns 100% of Recipe Unlimited, one of Canada’s largest organized food service groups, which manages over 1,100 restaurants and generates approximately 3.5 billion Canadian dollars in sales. Additionally, Fairfax recently expanded into Europe by acquiring the British group MW Eat, which specializes in Indian cuisine through brands like Veeraswamy and Masala Zone.