OSI Restaurant Partners, LLC Announces Sale of Cheeseburger in Paradise
OSI Restaurant Partners announced the completion of the previously announced sale of its Cheeseburger in Paradise (CIP) brand to an investor group, led by brand president Steve Overholt, comprised of CIP management and outside investors.
Our team is very excited about the closing of the deal. It would not have been possible without the tremendous support of both OSI and Margaritaville Holdings. We would like to thank them both for working so closely with us to set up a great foundation that allows for the continued development of the concept,' says Overholt.
'I congratulate Steve and his partners for their success in building a brand that their guests and employees are truly passionate about every day,' says Bill Allen, CEO of OSI Restaurant Partners. 'We have full confidence that the Cheeseburger in Paradise brand will realize its full growth potential as an independent company under Steve's leadership.'
Logos, product and company names mentioned are the property of their respective owners.
- Cru Oyster Bar Opening on Nantucket May 2012
- Washington State Liquor Control Board Approves Online Alcohol Server Training Program
- Former Burger King Chief Executive Joins the Board of LEON
- Real Mex Board Accepts Noteholder Bid to Acquire Company’s Assets
- Weakest Links In Food Safety Lie With Food Services And Households
- Starbucks to Partner with Ai Ni Group to Bring China’s Yunnan Coffee to the World
- CiCi's Pizza Announces 2012 Growth Plans
- UFood Restaurant Group Partners With Euro Cafe for Co-Branded Concept Locations in Multiple Trade Channels
- The Wendy’s Company Plans to Build 20 and Remodel 50 Company-Operated Restaurants in 2012
- Tata Global Beverages and Starbucks Form Joint Venture to Open Starbucks Cafés Across India
