Wall Street Journal says deal could be finalized this week, though restaurant company isn’t commenting until transaction is completed
Rhône Capital sold the fine dining restaurant chain for an undisclosed amount; Barry McGowan to stay on as CEO
The deal would add the Latin American-inspired chicken chain to Authentic Restaurant Brands’ growing portfolio.
About 75% of its restaurants are operating with late-night hours and goal is 90%, diner brand executives say.
Company has 13 large-scale venues and expects deal to value it at about $520M
