McDonald's Agrees to Sell Boston Market

Agosto 06, 2007

Fuente

McDonald's Corp. said Monday it agreed to sell its meat-and-potatoes Boston Market restaurant chain to private equity firm Sun Capital Partners for an undisclosed sum.

"This is consistent with our successful strategy to focus on brand McDonald's (nyse: MCD - news - people ), a strategy that continues to deliver results,"McDonald's spokesman Walt Riker said in a statement.

Boston Market, originally called Boston Chicken, was acquired in 2000 for $173.5 million as part of an initiative to diversify its business. Now the chain has 630 restaurants in 28 states.

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