January 16, 2017 8:58 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. It operates approximately 462 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: 61
Senior Vice President, Secretary and General Counsel
Age: 58
Compensation as of Fiscal Year 2016.

Boston Market Corporation Key Developments

Boston Market Plans to Open 16 New Locations in 2017

Boston Market provided a 2017 outlook which includes plans to open 16 new locations in 2017. The company's 2017 plans follow a strong 2016 marked by 14 restaurant openings, resulting in the creation of 336 new jobs. In 2017, Boston Market plans to build on its current restaurant count of 462 with the opening of 12 new restaurants in the United States, as well as 4 new restaurants internationally.

Boston Market IP Company, Ltd. to Bring Restaurants to Seven Middle Eastern Countries

Boston Market IP Company Ltd., an affiliate of Boston Market Corporation, has signed an area development agreement with Al-Ghunaim Trading Co. Ltd. that will open dozens of Boston Market restaurants in the Middle East. Al-Ghunaim Trading Co. has agreed to 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 25-30 restaurants across the Middle East over the next few years. The company plans to open its first restaurant in Kuwait as part of this agreement in 2016 or early 2017. This development agreement marks the continuation of the expansion of Boston Market, including domestic expansion with recent openings in New York, Florida, Georgia, Virginia, South Carolina, Missouri, and Texas. The company is planning to open 12 new restaurants in 2016.

Boston Market Teams Up with Army & Air Force Exchange Service to Open Restaurants

Boston Market has teamed up with the Army & Air Force Exchange Service (Exchange) to open restaurants on military bases across the country. In July, the Exchange opened a Boston Market restaurant at Fort Jackson, South Carolina, its third on a military installation. Fort Jackson is the large and most active Initial Entry Training Center in the U.S. Army, training more than 45,000 soldiers every year. The new Fort Jackson restaurant is located at 4110 Moseby St. in Fort Jackson, South Carolina. The restaurant opening at Fort Jackson is part of a new expansion effort for Boston Market. Last year, the company signed an agreement with the Exchange to open Boston Market restaurants on military bases, including Fort Meade in Maryland and Fort Bliss in Texas, both of which opened last fall. Additional restaurants are planned for the remainder of 2015. Beyond taking restaurants to military installations, Boston Market is also recruiting former service members to join its ranks. In particular, Boston Market is collaborating with military placement and transition offices and utilizing military and veteran job posting boards to attract prospective candidates.

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Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

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