Business & Tech
The Portillo's Near You May Be For Sale
Richard Portillo says his eateries are poised to reach "the next level."
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.
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There are 32 Portillo's restaurants in Chicago's suburbs — probably not too far of a drive from where you are right now.
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