Richard Portillo may be selling off his beloved restaurants.
"We’ve enjoyed significant growth over the past 50 years, experiencing same-store sales increases over the last 10 years in the Chicagoland area, even when the economy as a whole suffered," President, CEO and Founder Richard Portillo said in a statement. "This is a thriving business poised to launch to the next level, presenting an incredible opportunity for employees and investors."
Portillo's Oak Brook-based company has hired Piper Jaffray & Co. to evaluate a possible sale, among other financial options.
There are 32 Portillo's restaurants in Chicago's suburbs — probably not too far of a drive from where you are right now.— via the Chicago Tribune and the Wall Street Journal