El Pollo Loco continues Texas expansion
(GLOBE NEWSWIRE) -- El Pollo Loco (Nasdaq:LOCO), announced it has expanded its franchise development deal with Chicken Time Holdings, LLC, an affiliate of Henry Investment Group (HIG) to open an additional 13 new restaurants in Texas. As part of this new deal, HIG will open an additional three new restaurants in the Dallas-Fort Worth metro area, as well as expand the brand to Austin and Waco, with six and four restaurants, respectively. By 2022, HIG will have a total of 20 restaurants in the Texas market.
“With an abundance of expertise and industry experience, Henry Investment Group has been instrumental in El Pollo Loco’s expansion throughout Texas,” said Steve Sather, president and CEO of El Pollo Loco. “We are excited to have Henry Investment Group help El Pollo Loco continue to spread our commitment to fresh, authentically prepared food.”
“We are thrilled to expand our partnership with El Pollo Loco, with its great track record of success due to amazing food and unrivaled passion that is steeped in tradition,” said David Henry, principal and CEO of Henry Investment Group. “We’re confident El Pollo Loco’s signature citrus-marinated, fire-grilled chicken and Mexican-inspired entrees will resonate with residents and visitors of the Dallas-Fort Worth, Austin and Waco communities and we’re excited to open our doors.”