Published:
Chilango sold out of administration: report
The move preserved around 130 jobs.
Chilango informed investors that it is set to be sold out of administration, City A.M. has reported.
Mexican-themed fast-food chain said that administrators RSM had secured a buyer for the business. The latter confirmed the chain had been sold to Investment group RD Capital Partners following a “competitive sale process.”
The rescue deal secured 10 of Chilango’s 11 restaurants and preserves around 130 jobs.
Managing director Richard Franks, who took over the business last February, will continue to lead Chilango.
Read the full report here.
