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Stock impact report

Why Chi-Chi's restaurants are returning 2 decades after their closure [Yahoo! Finance]

Hormel Foods Corporation (HRL) 
Last hormel foods corporation earnings: 2/20 06:30 am Check Earnings Report
US:NYSE Investor Relations: investor.hormelfoods.com
Company Research Source: Yahoo! Finance
In late 2024, Michael McDermott announced he would revive Chi-Chi's , the restaurant company founded by his father, Marno, and former Green Bay Packers wide receiver Max McGee in the 1970s. It's been roughly 20 years since Chi-Chi's closed following several challenges . Despite that, and the struggles other brands are facing, the younger McDermott told Nexstar that Chi-Chi's is prepared. Here's where the first Chi-Chi's will open — and how you could own part of the brand “I've been doing this long enough to realize, too, that everything is cyclical,” said McDermott, who has built his career in the restaurant industry with brands like Kona Grill and Rojo Mexican Grill. “I just think there's a lot of brand strength [in Chi-Chi's] and I think, too, with the locations that we choose, you know, that's always a big deal in our business and going into the right markets at the right time.” Chi-Chi's return will begin in a converted Rojo Mexican Grill in St. Louis Park, located just o Show less Read more
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