قالب وردپرس درنا توس
Home / Business / Whataburger for sale? The Texas-based fast food chain confirms hiring Morgan Stanley to explore sales

Whataburger for sale? The Texas-based fast food chain confirms hiring Morgan Stanley to explore sales



SAN ANTONIO – Whataburger has employed multinational investment bank and financial services company MorganStanley to help you investigate a potential sale, the company confirmed Thursday.

In a written statement, Whataburgers told the San Antonio Business Journal communications team, "Our Company is growing and is always attractive to investors, and we have picked up Morgan Stanley to help us explore our options. accelerate growth and maintain the success of our brand, and we will continue to do so in the future. "

RELATED: Blue Bell's latest flavor is Cookie Cake Ice Cream

RELATED: & # 39; Match done in the sky: Whataburger introduces Dr. Pepper shake

Words for a possible sale were reported May 6 by Reuters, told by an anonymous source that the private San Antonio based fast food chain considered a sale, including a minority share in a financial investor or private equity firm. Another unnamed source told Reuters that the chain could gain over $ 6 billion worth of valuation.

Trade publication QSR reported that Whataburger had sales of more than $ 2.2 billion in 201

7, ranked the 22nd in the magazine's 50 largest restrictions based on sales, over such prominent burger chains such as Hardees, Carl's Jr. and Five Guys.

The company operates 827 sites across 10 states, according to the website, the majority of which are in Texas.

To read more at the Dallas Business Journal click here

RELATED: San Antonio Area's Most Retired Home on the Market


Source link