Pollo Tropical

Financing

Pollo Tropical owner hints at long-term IPO plans

Authentic Restaurant Brands, which also owns Primanti Bros, P.J. Whelihan’s and other regional chains, suggested that it could go public in three to five years. It also wants to acquire more brands.

Financing

What the owner of Pollo Tropical will do next

A Deeper Dive: This week’s episode of the restaurant finance podcast features an interview with Alex Macedo, recently named the CEO of Authentic Restaurant Brands, on the company’s purchase of Tavern in the Square.

A Deeper Dive: Alex Macedo, chairman of Authentic Restaurant Brands, joins the podcast to talk about acquisition and expansion plans.

Authentic Restaurant Brands completed its acquisition of the chicken chain. Here’s why the company is keeping its focus local as it takes over.

Authentic Restaurant Brands, which operates Primanti Bros and P.J. Whelihan’s, is taking the fast-casual chicken chain private for $8.50 per share.

Earnings roundup: Results from smaller operators and several industry suppliers also cast light on the industry’s performance, particularly by independents.

He has served as interim CEO since December 2022 and was previously chief financial officer for the Dallas-based company.

The fast-casual chicken restaurant chain said its traffic has improved so far this year, as did its profit margins.

Dirk Montgomery, who has been CFO since 2019, will step in immediately as interim CEO of Fiesta Restaurant Group.

The chicken chain said it has raised prices more than 13% in recent months but has taken a phased approach so as not to upset value-minded diners.

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