Canadian fried chicken chain Mary Brown’s has announced that an agreement is in place to buy Toronto’s Fat Bastard Burrito.
According to a press release, MB International Brands will buy Fat Bastard Burrito after talks of buying the restaurant brand have been concluded.
This will in turn combine their names to create one of the biggest “privately held quick-service restaurant companies in Canada.”
Throughout the transition period, the management team of Fat Bastard Burrito will remain in place to keep the process running and regulate momentum with both brands.
While talking about the development, Hadi Chahin, the President of MB International Brands said: “We are thrilled to bring together two premium, Canadian-born restaurant brands with solid track records of growth and success.
“Mary Brown’s and Fat Bastard Burrito are leaders in their respective food segments. The transaction combines two highly complementary franchise networks that, together, will provide more delicious choices for diners as well as more opportunities for existing and new franchisees of both brands – across Canada and beyond.”
This development materialized months after Mary Brown’s revealed its plans for a large-scale expansion in Canada. According to the chain, it seeks to open 50 to 55 new locations this year in Alberta and BC.
The bulk of that will be launched in Ontario.
The transaction is expected to be finalized on June 30 of this year.
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