CHI-CHI'S Mexican restaurants set to return 20 years after bankruptcy [CBS News]
Hormel Foods Corporation (HRL)
Last hormel foods corporation earnings: 2/20 06:30 am
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Source: CBS News
CHI-CHI's announced on Wednesday that a new agreement has been reached with Minnesota's Hormel Foods, which has owned the restaurant's trademarks since 1987 The deal gives Michael McDermott, the son of CHI-CHI's co-founder Marno McDermott, use of the restaurant name on physical locations set to open in 2025. CHI-CHI's was founded in 1975 by Marno McDermott and former Green Bay Packer Max McGee, with its first location opening in Richfield in 1976. At one point, there were more than 200 locations across the nation. Ownership changed hands several times over the next three decades, with the franchise's demise arriving in 2004 with the one-two punch of bankruptcy and a hepatitis A outbreak at one of its locations near Pittsburgh, which killed four people and sickened nearly 600 more The owners of Outback Steakhouse then spent millions to buy and convert dozens of its locations into its own family of restaurants Michael McDermott, who is also co-owner of the Kona Grill and Rojo
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HRL
News
- Hormel Foods (NYSE:HRL) Has Announced That It Will Be Increasing Its Dividend To $0.29 [Yahoo! Finance]Yahoo! Finance
- Hormel Foods Announces Appointment of Mike Clausman as Vice President, Deputy General Counsel and Assistant Secretary [Yahoo! Finance]Yahoo! Finance
- Hormel Foods Announces Appointment of Mike Clausman as Vice President, Deputy General Counsel and Assistant SecretaryPR Newswire
- Chi-Chi's Is Coming Back, But Can It Find A Seat At Today's Table? [Forbes]Forbes
- Chi-Chi’s, Former Mexican Restaurant Chain, Plans a Comeback [The New York Times]The New York Times
HRL
Earnings
- 12/4/24 - Miss
HRL
Sec Filings
- 12/18/24 - Form PX14A6G
- 12/18/24 - Form ARS
- 12/18/24 - Form DEFA14A
- HRL's page on the SEC website