Boston Market was founded in Newton, Massachusetts in 1985 by Steven Kolow and Arthur Cores. The company was originally named Boston Chicken.
In 1993 Boston Chicken went public with 217 stores.
In 1995 the company changed its name to Boston Market,
Despite 1,100 restaurants and $1 billion in annual sales, the company filed for Chapter 11 bankruptcy in 1998 when its international expansion caused it to acquire too much high-interest debt.
In 2000 the McDonald’s Corporation acquired Boston Market, making it a wholly-owned subsidiary and closing 400 stores.
In 2007, with the number of stores stabilized at 500, McDonald’s Corporation sold the chain to Sun Capital Partners, a private equity firm.
Today Boston Market is a leader in quick-casual dining. The chain’s locations offer take-out and dine-in options, serving customers in cafeteria style. The company also sells frozen foods in supermarkets through a licensing partnership with H.J. Heinz.
Boston Market has 470 locations.
Boston Market
Boston Market was founded in Newton, Massachusetts in 1985 by Steven Kolow and Arthur Cores. The company was originally named Boston Chicken.
In 1993 Boston Chicken went public with 217 stores.
In 1995 the company changed its name to Boston Market,
History
Despite 1,100 restaurants and $1 billion in annual sales, the company filed for Chapter 11 bankruptcy in 1998 when its international expansion caused it to acquire too much high-interest debt.
In 2000 the McDonald’s Corporation acquired Boston Market, making it a wholly-owned subsidiary and closing 400 stores.
In 2007, with the number of stores stabilized at 500, McDonald’s Corporation sold the chain to Sun Capital Partners, a private equity firm.
Today Boston Market is a leader in quick-casual dining. The chain’s locations offer take-out and dine-in options, serving customers in cafeteria style. The company also sells frozen foods in supermarkets through a licensing partnership with H.J. Heinz.
Boston Market has 470 locations.
