<div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>Popular Australian </span><a href="https://www.9news.com.au/national/south-australia-bans-single-use-plastic-soy-sauce-fish-containers/9035fce9-f8e9-4af1-bbd3-263c61819885" rel="" target="_blank" title="sushi "><span>sushi</span></a><span> chain Sushi Sushi has been bought by a Japanese dining empire in a deal estimated to be worth $160 million.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>The food court staple, which began in </span><a href="https://www.9news.com.au/melbourne" rel="" target="_blank" title="Melbourne"><span>Melbourne</span></a><span> in 1998, has been snapped up by Tokyo-based fast food giant Genki Global Dining Concepts after being listed for sale in mid-2025.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>Sources at the time told the </span><a href="https://www.afr.com/street-talk/sushi-sushi-s-pe-owners-prepare-to-sell-sprawling-fast-food-business-20250518-p5m055" rel="" target="_blank" title="Australian Financial Review"><em><span>Australian Financial Review</span></em></a><span> that Odyssey Private Equity, which bought the sushi franchise in 2019, would be fielding offers above $160 million.</span></div></div><div><div id="adspot-mobile-medium"></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><strong><span>LATEST:</span></strong><span> </span><a href="https://www.9news.com.au/national/gus-lamont-update-police-return-to-oak-park-station-in-search-for-missing-boy/7d48bf8c-b1ca-4050-ab06-1cf99fc3abd1" target="_blank"><strong><span>Police launch renewed search for missing boy Gus Lamont</span></strong></a></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><strong><span>NATIONAL:</span></strong><span> </span><a href="https://www.9news.com.au/national/heavy-rain-to-soak-multiple-states-northern-australia/730f950c-9898-4e2e-9f07-99bc1cf817ba" target="_blank"><strong><span>Half of Australia set for major soaking, millions warned</span></strong></a></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>Genki – which began as a sushi train in 1968 – is one of the biggest fast food giants in the world, with stores in the United Srtates, Hong Kong, Malaysia, Singapore, Kuwait, the Philippines, China, Cambodia, Indonesia and Myanmar.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>"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," said Genki chief executive Mitsuzo Fujio.</span></div></div><div><div class="OUTBRAIN" data-reactroot="" data-src="//www.9news.com.au/national/australian-sushi-chain-sushi-sushi-bought-by-japanese-empire/b5d79609-e29a-4824-883e-6ebc4d2a92bd" data-widget-id="AR_5"></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>The transaction has been described by Genki as part of its effort to become one of the world's leading Japanese sushi brands in terms of store numbers.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>Sushi Sushi operates 190 stores across Australia.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>It embarked on an aggressive growth strategy when acquired by Odyssey in 2019, adding 60 stores in the past seven years.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>Sushi Sushi and Sushi Musa, another Odyssey brand, generated a yearly revenue of $88.7 million in the last financial year.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><strong><span>WATCH:</span></strong><span> </span><a href="https://www.nine.com.au/sport/golf/pebble-beach-pro-am-2026-colin-morikawa-min-woo-lee-prize-money-results-18th-hole-shot-reaction-20260216-p5o2mz.html" target="_blank"><strong><span>Aussie's priceless reaction as $5 million win ripped away</span></strong></a></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>The brand began in the back of a fish shop in Box Hill, Victoria.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>"Our founder was working in the fish shop during the day and in a high-end Japanese restaurant at night," Sushi Sushi notes on its website of co-founder Anna Kasman.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>"She realised that sushi was quality fish on rice; simple quality ingredients artfully made together for an exceptional taste, and she asked one of her chefs to create a Hand roll that they could sell to customers in a fast, fresh and affordable way."</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>Australia's sushi industry neared the $1 billion mark in 2025, according to IBISWorld.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><strong><em><span>NEVER MISS A STORY:</span></em></strong><span> </span><em><span>Get your breaking news and exclusive stories first by following us across all platforms.</span></em></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><ul><li><strong><em><span>Download the 9NEWS App here via</span></em></strong><span> </span><a href="https://apps.apple.com/au/app/9news/id1010533727" target="_blank"><strong><em><span>Apple</span></em></strong></a><span> </span><strong><em><span>and</span></em></strong><span> </span><a href="https://play.google.com/store/apps/details?id=nineNewsAlerts.nine.com&amp;hl=en_AU&amp;pli=1" target="_blank"><strong><em><span>Google Play</span></em></strong></a></li><li><strong><em><span>Make 9News your preferred source on Google by</span></em></strong><span> </span><a href="https://9.nine.com.au/8x987w" target="_blank"><strong><em><span>ticking this box here</span></em></strong></a></li><li><strong><em><span>Sign up to</span></em></strong><span> </span><a href="https://login.nine.com.au/edm?client_id=nineatnine" target="_blank"><strong><em><span>our breaking newsletter here</span></em></strong></a></li></ul></div></div>