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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.

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

jim May 03, 2014 at 04:32 PM
It all boils down to : "Different Strokes for Different Folks".
Colleen McAbee May 30, 2014 at 10:38 AM
The senior Dick Portillo also partnered with John Brown to start the Brown's Chicken restaurant chain. Your trivia fact for the day.
jim May 30, 2014 at 10:59 AM
You mean Frank Portillo right?
Colleen McAbee May 30, 2014 at 11:09 AM
Yes, I meant Frank. Good catch!
Anthony Pellicano May 31, 2014 at 10:57 PM
We just got our Portillos in New Lenox and we love it!!!!!

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