Chilango (restaurant chain)
 | |
| Company type | Private |
|---|---|
| Founded | 2007 |
| Headquarters | , |
Number of locations | 12 branches (2020) |
Area served | |
| Website | chilango |
Chilango is a restaurant chain in the United Kingdom specialising in Mexican cuisine.
History
[edit]Chilango was founded in 2007 by Eric Partaker and Dan Houghton, who met whilst working at Skype Technologies.[1]
In August 2014, Chilango raised £2 million through a mini bond issue on crowdfunding platform Crowdcube, styled by the company as 'Burrito bonds'.[2]
In April 2016, Chilango opened its 11th branch and first outside of London, in Manchester.[3] In October 2018, Chilango opened its 12th branch, in Birmingham.[4]
Chilango engaged RSM to "assist on working on long-term planning, options and strategy" in 2019.[5] Chilango entered administration in July 2020.[6] The chain was bought out of administration in August 2020 by the investment group, RD Capital Partners.[7]
In May 2022, it was announced that RD Capital Partners had sold Chilango to the London-based restaurant chain, Tortilla Mexican Grill PLC for £2.8 million.
References
[edit]- ^ Hancock, Alice (22 July 2020). "Chilango puts sale on the menu as it prepares administration". Financial Times. Archived from the original on 30 April 2021. Retrieved 30 April 2021.
- ^ Clawson, Trevor (28 August 2014). "Will Chilango's £2m Success Herald An Affordable Mini Bond Revolution?". Forbes. Archived from the original on 30 April 2021. Retrieved 30 April 2021.
- ^ Heward, Emily (23 March 2016). "Mexican chain Chilango celebrates Manchester opening with free burritos all day". Manchester Evening News. Archived from the original on 30 April 2021. Retrieved 30 April 2021.
- ^ Jones, Tamlyn (18 October 2018). "Mexican chain Chilango to open inside former Birmingham bank". Birmingham Mail. Archived from the original on 30 April 2021. Retrieved 30 April 2021.
- ^ Jones, Rupert (14 November 2019). "'Burrito bond' Mexican restaurant chain in restructuring talks". The Guardian. Archived from the original on 1 June 2021. Retrieved 20 July 2021.
- ^ Hussain, Ali (25 July 2020). "Burnt fingers on 'burrito bonds' as Chilango puts itself up for sale". The Times. Archived from the original on 30 April 2021. Retrieved 30 April 2021.
- ^ Nilsson, Patricia (27 August 2020). "Mexican restaurant chain Chilango bought out of administration". Financial Times. Archived from the original on 30 April 2021. Retrieved 30 April 2021.