Gruppo Sapori Artigianali Acquires 33% Stake in Panfuwa
Deal News | Aug 05, 2025 | Finance Community IT - 1 Corporate M&A

Gruppo Sapori Artigianali, a prominent retail and hospitality group based in Milan, has expanded its portfolio by acquiring a 33% stake in Panfuwa, a Milanese startup known for its fluffy Japanese pancakes. This strategic investment is expected to bolster Panfuwa's growth not only through financial support but also by leveraging Gruppo Sapori Artigianali's extensive retail expertise. The deal was facilitated with advisory support from CDR Tax & Legal. Gruppo Sapori Artigianali operates a widespread retail network under the ODStore brand across Italy and Europe, and is also involved in the restaurant and hospitality sectors, with notable brands such as KFC under its umbrella in Milan and Lombardy. Panfuwa, on the other hand, is a growing player in the niche market of Japanese pancakes, currently operating five outlets with plans for further expansion.
Sectors
- Retail
- Hospitality
- Food and Beverage
Geography
- Italy – Both Gruppo Sapori Artigianali and Panfuwa are based in Italy, with operations extending across Europe.
- Europe – Although based in Italy, Gruppo Sapori Artigianali's retail network spans parts of Europe.
Industry
- Retail – Relevant because Gruppo Sapori Artigianali is a major player in the retail sector with its ODStore brand.
- Hospitality – Pertinent as Gruppo Sapori Artigianali operates over 40 restaurant locations including KFC.
- Food and Beverage – Relevant as Panfuwa operates in the F&B sector, specifically in the niche market of Japanese fluffy pancakes.
Financials
- 33% – The percentage of stake acquired by Gruppo Sapori Artigianali in Panfuwa.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Gruppo Sapori Artigianali | Bidding Company | Company | A retail and hospitality group based in Milan, operating under ODStore and KFC brands. |
| Panfuwa | Target Company | Company | A Milan-based startup specializing in fluffy Japanese pancakes with expansion plans. |
| CDR Tax & Legal | Legal Advisor | Company | Provided legal advice to Gruppo Sapori Artigianali for the acquisition. |