Iconic Australian Sushi Chain Sold to Japanese Conglomerate

Sushi Sushi, a popular Australian sushi takeaway chain, has been acquired by Genki Global Dining Concepts, a Japanese food company.

Published on Feb. 16, 2026

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Sushi Sushi, a well-known Australian sushi chain with over 180 stores nationwide, has been sold to Japanese company Genki Global Dining Concepts. The acquisition, expected to be completed in April, will see Genki take over the Sushi Sushi brand, network of stores, and 3,000 employees. While customers won't see immediate changes, the new owners plan to introduce new sushi train technology and expand the brand's product innovation and international presence.

Why it matters

The sale of Sushi Sushi, a homegrown Australian brand, to a Japanese conglomerate highlights the growing global appeal of Australian-style sushi and the potential for further international expansion of the concept. It also demonstrates the ongoing consolidation in the quick-service restaurant industry as larger players acquire successful regional brands.

The details

Sushi Sushi was founded in the late 1990s and has become a staple at shopping center food courts across Australia. The company was previously owned by private equity firm Odyssey Private Equity, which acquired it in 2019 for a reported $50 million. Odyssey has now sold Sushi Sushi to Genki Global Dining Concepts, a Japanese company that pioneered the conveyor belt sushi concept and now has over 430 stores across 13 countries. The final acquisition cost will be revealed when the deal is completed in April.

  • Sushi Sushi was founded in the late 1990s.
  • Odyssey Private Equity acquired Sushi Sushi in 2019 for a reported $50 million.
  • Sushi Sushi and Sushi Musa (another brand owned by Odyssey) generated revenues of $88.7 million in the 12 months to June 30, 2025, up from $75.9 million a year earlier.
  • The sale of Sushi Sushi to Genki Global Dining Concepts is expected to be completed in April 2026.

The players

Sushi Sushi

A popular Australian sushi takeaway chain with over 180 stores nationwide and 3,000 employees.

Genki Global Dining Concepts

A Japanese food company that pioneered the conveyor belt sushi concept and now has over 430 stores across 13 countries.

Odyssey Private Equity

The private equity firm that acquired Sushi Sushi in 2019 for a reported $50 million and has now sold the chain to Genki Global Dining Concepts.

Stephen Anders

The CEO of Sushi Sushi.

Mitsuzo Fujio

The president and CEO of Genki Global Dining Concepts.

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What they’re saying

“Sushi Sushi is an iconic Australian brand with a powerful consumer proposition, strong franchise performance and significant runway for expansion, both in Australia and internationally.”

— Mitsuzo Fujio, President and CEO, Genki Global Dining Concepts (Yahoo Finance)

“Over the medium to longer term, Genki is a multi-market player and they've been in the industry for 50 years, so there's a lot of category capability there. So there'll be opportunities to partner with them around technology, particularly sushi train technology. We'll be looking to introduce some new train technology into the market in the months ahead.”

— Stephen Anders, CEO, Sushi Sushi (Yahoo Finance)

What’s next

Genki Global Dining Concepts plans to prioritize international expansion markets for Sushi Sushi, including the United States and Europe, as the brand looks to capitalize on the growing global demand for Australian-style sushi.

The takeaway

The sale of Sushi Sushi to a Japanese conglomerate underscores the increasing global appeal of Australian-style sushi and the potential for further international growth of homegrown Australian food brands. It also highlights the ongoing consolidation in the quick-service restaurant industry as larger players seek to acquire successful regional concepts.