Family-owned Texas chain Whataburger has sold its majority ownership to a Chicago investment firm in a bid to expand
The Chicago-based firm, BDT Capital Partners, will advise on expansion strategy and provide long-term growth capital to Whataburger, the chain said. Whataburger headquarters will remain in San Antonio, the company said in a statement. "In order to keep satisfying our customers, we've been exploring different options to expand the brand and introduce it to new audiences," Whataburger President and CEO Preston Atkinson said in a statement.
"We've gone through this process purposefully and diligently because we wanted to find a partner who honors our values, culture and 69-year legacy of family tradition."Read MoreThe leadership will shift, though Atkinson and Board Chair Tom Dobson, son of Whataburger founder Harmon Dobson, will continue to serve on the restaurant chain's board of directors. Ed Nelson, who has been the chief financial officer since 2008, was promoted to president. Whataburger opened in 1950.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
General Electric wants to sell its stake in more than 100 start-upsSources tell CNBC that GE Ventures, the corporate venture arm for GE, is looking to sell off its entire portfolio of investments.
Consulte Mais informação »
Majority of Democrats on House Judiciary Committee now back impeachmentThe majority of Democrats on the committee that would lead impeachment proceedings now publicly support beginning the process
Consulte Mais informação »
Party of Ukraine's president can win parliamentary majority: pollThe new party set up by Ukraine's President Volodymyr Zelenskiy, who took o...
Consulte Mais informação »