August 19, 2017 8:42 AM ET

Hotels, Restaurants and Leisure

Company Overview of Boston Market Corporation

Company Overview

Boston Market Corporation engages in the ownership and operation of restaurants. As of August 7, 2017, it operated approximately 457 restaurants. In addition, the company operates grocery stores in Massachusetts. It also provides catering services. The company is based in Golden, Colorado. Boston Market Corporation operates as a subsidiary of McDonald's Corp.

14103 Denver West Parkway

Golden, CO 80401

United States

12,470 Employees

Phone:

303-278-9500

Fax:

303-216-5339

Key Executives for Boston Market Corporation

Chief Executive Officer
Senior Vice President and Chief Financial Officer
Chief Executive Officer - Boston Market Concept and President - Boston Market Concept
President of Boston Market Concept
Age: 62
Senior Vice President, Secretary and General Counsel
Age: 59
Compensation as of Fiscal Year 2017.

Boston Market Corporation Key Developments

Boston Market Expands its Longstanding Presence in New York Metropolitan Area with Three New Restaurants in 2017

Boston Market announced further expansion plans in the greater New York City area with the opening of new restaurants this year. New locations are now open in Parkchester and at The Crossings at Southern in the Bronx, with an additional property scheduled to open at Bruckner Plaza in the fourth quarter. These openings come as part of the company's 2017 expansion plan, and includes opening 14 new locations both domestically and internationally, three of which are in the New York metropolitan market. Boston Market opened its new Parkchester location in late July, as well as other New York City locations in May 2017 at The Crossings at Southern and also in December 2016 at Broadway Plaza in the Bronx. Boston Market will be opening these new locations with the company's redesigned décor package and restaurant layout, which maximizes 1,700-2,500 square feet of space and features that include: Upgraded serving stations and carving stations; Rotisserie ovens on display; More-efficient serving lines (allowing guests to receive their meals faster); and Warm and inviting artwork and modern décor.

Sun Capital Reportedly Looking To Sell Boston Market

Sun Capital Partners, Inc. may be considering a sale of Boston Market Corporation. Representatives for Boston Market did not immediately respond to CNBC's request for comment. People close to the matter said Boston Market could fetch about $400 million in a sale, Bloomberg reported.

Boston Market Opens First Middle East Restaurant in Kuwait

Boston Market announced that its first Middle East restaurant opened this week in Kuwait. As previously announced in June 2016, Boston Market IP Company Ltd., an affiliate of Boston Market Corporation, signed an area development agreement with Al-Ghunaim Trading Co. Ltd. that will open dozens of Boston Market restaurants in the Middle East. Under the terms of the agreement, Al-Ghunaim Trading Co. will develop Boston Market restaurants in Kuwait, Oman, Bahrain, The Kingdom of Saudi Arabia, Lebanon, Qatar, and Jordan. The agreement is part of a plan by Boston Market to open 25 to 30 restaurants across the Middle East over the next few years. The first Boston Market restaurant to open in the Middle East is located in Jabriya of the Hawalli Governorate in Kuwait. The restaurant has indoor and outdoor patio seating, and also offers delivery to homes and catering for events. A second Boston Market restaurant is in the final stages of preparing to open in Kuwait. The second restaurant will open in Sabah Al Salem of the Mubarak Al-Kabeer Governorate in Kuwait.

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Recent Private Companies Transactions

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