GEN Restaurant Group is selling 47 of its U.S. Korean barbecue restaurants to Chubby Group. This deal will allow GEN to focus on its packaged food business for at-home preparation. The transaction will occur in four phases over 12 months. Chubby Group plans to relaunch the restaurants under new concepts. GEN will retain its brand name and three restaurants for internal purposes.
Cerritos, California
https://www.newsbreak.com/the-coconut-mama-317784482/4965905906674-california-based-korean-bbq-chain-plans-to-sell-47-restaurants