'A special place': Chi-Chi's restaurants, popular in the 90s, to open 20 years after closure [USA TODAY]
Hormel Foods Corporation (HRL)
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Source: USA TODAY
Chi-Chi's restaurant announced an agreement on Tuesday with Hormel Foods , an Austin, Minnesota-based global food company that owns Chi-Chi's trademarks, the release said. The agreement will grant Michael McDermott, son of the Chi-Chi's founder Marno McDermott, use of the Chi-Chi's name on restaurant locations expected to open in 2025, the restaurant chain said. "I still have fond memories of growing up in the Chi-Chi's restaurants that my father built throughout their time, instilling in me the passion and determination to pursue my own career in the restaurant industry," Michael McDermott, founder of Chi-Chi's Restaurants, said in a statement. "We have seen the impact our restaurant has had on individuals and families across the country and believe there is a strong opportunity to bring the brand back in a way that resonates with today's consumer – an updated dining experience with the same great taste and Mexican flavor." McDermott added that he is determined to keep his fam
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- 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