Boston Market

Boston Market Corporation, known as Boston Chicken until 1995, is an American fast casual restaurant chain headquartered in Golden, Colorado. It is owned by the Rohan Group. Boston Market has its greatest presence in the Northeastern and Midwestern United States, but also has a large presence in California, Florida, and Texas. , the chain has approximately 346 company-owned restaurant locations in 28 states and Puerto Rico, with 14,000 employees. In the early 2000s, Boston Market operated two locations in Toronto, Ontario. In early 2002, Boston Market entered the Australian market, opening nine stores in the Sydney metropolitan area by 2004, before converting some stores to McDonald's and quietly exiting the Australian market later that year due to competitive pressures. History Boston Chicken was founded by Steven Kolow and Arthur Cores in 1985 in Newton, a suburb of Boston. The chain expanded rapidly in the early and mid-1990s. The company raised a lot of debt to finance its expansion. The rapid expansion allowed the company to create a steady stream of revenue from one-time development fees and increasing royalties, but also raised interest rates on its development loans. In 1998, the company filed for Chapter 11 bankruptcy. Boston Market was purchased by McDonald's Corporation in May 2000. McDonald's purchased the company for its real estate, but found the brand serviceable and therefore continued to operate and expand. In 2007, McDonald's announced that it was "exploring strategic options" for the subsidiary. On August 6, 2007, McDonald's announced plans to sell the chain to Sun Capital Partners, a transaction that was completed on August 27, 2007. When it was known as Boston Chicken, restaurants specialized in rotisserie chicken and a variety of side dishes, but in February 1995, the chain expanded its menu to include turkey, meatloaf, and ham and changed the name to Boston Market in fall 1995 to reflect this. However, the corporate name remained "Boston Chicken, Inc." until 1997, when it became so popular with the new name, the corporate name was changed to "Boston Market Corporation." In 1996, the chain launched a line of sandwiches known as "Boston Carver Sandwiches" that feature chicken, turkey, ham, and meatloaf; in 1997, due to the success of the new line, the "Extreme Carver" sandwiches were launched, filled with more portions of the above meats and more cheese than the originals.