Ed’s Sells 100% of Company to Staff
GV Wire • • business
Key Points:
- Milano Restaurants International, the parent company of Me-N-Ed’s Pizzeria, has been sold entirely to its employees through an Employee Stock Ownership Plan (ESOP).
- The sale, led by President and CEO John Ferdinandi, transfers 100% ownership to the workforce, aiming to reward loyal employees and maintain company independence.
- Milano’s portfolio includes Me-N-Ed’s Pizzeria, Coney Island, Victory Grill, Blast & Brew, and Piazza del Pane, operating over 60 locations across California.
- Founded in 1958, Me-N-Ed’s has grown into a well-known brand with additional franchise locations in California and Arizona.
- The Ferdinandi family emphasized that employee ownership preserves the company’s
