Chilango (restaurant chain) explained

Chilango
Type:Private
Hq Location City:London
Hq Location Country:United Kingdom
Num Locations:12 branches
Num Locations Year:2020

Chilango is a restaurant chain in the United Kingdom specialising in Mexican cuisine.

History

Chilango was founded in 2007 by Eric Partaker and Dan Houghton, who met whilst working at Skype Technologies.[1]

In August 2014, Chilango raised £2 million through a mini bond issue on crowdfunding platform Crowdcube, styled by the company as 'Burrito bonds'.[2]

In April 2016, Chilango opened its 11th branch and first outside of London, in Manchester.[3] In October 2018, Chilango opened its 12th branch, in Birmingham.[4]

Chilango engaged RSM to "assist on working on long-term planning, options and strategy" in 2019.[5] Chilango entered administration in July 2020.[6] The chain was bought out of administration in August 2020 by the investment group, RD Capital Partners.[7]

In May 2022, it was announced that RD Capital Partners had sold Chilango to the London-based restaurant chain, Tortilla Mexican Grill PLC for £2.8 million.

Notes and References

  1. News: Hancock. Alice. 22 July 2020. Chilango puts sale on the menu as it prepares administration. Financial Times. 30 April 2021. subscription. 30 April 2021. https://web.archive.org/web/20210430190938/https://www.ft.com/content/d5e204a3-939f-4315-a327-a8fbe8e371be. live.
  2. News: Clawson. Trevor. 28 August 2014. Will Chilango's £2m Success Herald An Affordable Mini Bond Revolution?. Forbes. 30 April 2021. 30 April 2021. https://web.archive.org/web/20210430190939/https://www.forbes.com/sites/trevorclawson/2014/08/28/will-chilangos-2m-success-herald-an-affordable-mini-bond-revolution/?sh=78daeced5c04. live.
  3. News: Heward. Emily. 23 March 2016. Mexican chain Chilango celebrates Manchester opening with free burritos all day. Manchester Evening News. 30 April 2021. 30 April 2021. https://web.archive.org/web/20210430191552/https://www.manchestereveningnews.co.uk/whats-on/food-drink-news/chilango-manchester-free-burritos-opening-11084772. live.
  4. News: Jones. Tamlyn. 18 October 2018. Mexican chain Chilango to open inside former Birmingham bank. Birmingham Mail. 30 April 2021. 30 April 2021. https://web.archive.org/web/20210430190948/https://www.birminghammail.co.uk/whats-on/food-drink-news/mexican-chain-chilango-open-inside-12920607. live.
  5. News: Jones. Rupert. 14 November 2019. 'Burrito bond' Mexican restaurant chain in restructuring talks. The Guardian. 20 July 2021. 1 June 2021. https://web.archive.org/web/20210601053213/https://www.theguardian.com/business/2019/nov/14/burrito-bond-restaurant-chilango-restructuring-talks. live.
  6. News: Hussain. Ali. 25 July 2020. Burnt fingers on 'burrito bonds' as Chilango puts itself up for sale. The Times. 30 April 2021. 30 April 2021. https://web.archive.org/web/20210430190939/https://www.thetimes.co.uk/article/burnt-fingers-on-burrito-bonds-as-chilango-puts-itself-up-for-sale-8lvtcjgft. live.
  7. News: Nilsson. Patricia. 27 August 2020. Mexican restaurant chain Chilango bought out of administration. Financial Times. 30 April 2021. subscription. 30 April 2021. https://web.archive.org/web/20210430190938/https://www.ft.com/content/75892e16-5947-45a8-a2f6-ef0acb3ac707. live.

This article is licensed under the GNU Free Documentation License. It uses material from the Wikipedia article "Chilango (restaurant chain)".

Except where otherwise indicated, Everything.Explained.Today is © Copyright 2009-2024, A B Cryer, All Rights Reserved. Cookie policy.