The ONE Group is a multi-brand restaurant company that owns, operates, manages, licenses, and franchises upscale and casual dining concepts across North America, Europe, and the Middle East, operating 158 total venues. The company's two core brands are Benihana and STK. Benihana, the largest brand by revenue, is a teppanyaki dining concept where chefs prepare food on hibachi grills tableside, making it a popular destination for celebrations and group dining. STK is a high-energy upscale steakhouse blending fine dining with a lounge atmosphere, featuring a DJ and bar-forward layout — a positioning the company calls "Vibe Dining." The ONE Group also operates Kona Grill and RA Sushi, collectively called Grill Concepts, though both are lower-volume, lower-check brands being actively rationalized through closures and conversions to STK or Benihana. Nearly all revenue comes from company-owned restaurant food and beverage sales, with a smaller but high-margin fee stream from franchised, licensed, and managed locations. The ONE Group's growth strategy centers on expanding STK and Benihana through new company-owned units and an asset-light franchise and licensing model, including a compact fast-casual format called Benihana Express. Over time, management aims for franchised, licensed, and managed locations to represent over 60% of total venues.