🠈 Chili's 🠊
Chili's is a rapidly expanding chain of casual restaurants serving a Tex/Mex cuisine and hamburgers.
The first Chili's was established by Larry Lavine in Dallas, Texas. The chain was purchased by Norman E. Brinker in 1983 who accelerated the expansion and created additional restaurant brands including Romano's Macaroni Grill, and Corner Bakery Cafe. The company changed its corporate name to Brinker International in 1991 (NYSE EAT).
- 1975: The company was founded by Larry Lavine in Dallas, Tx.
- 1983: The company was acquired by Norman E. Brinker. Mr. Brinker had worked for Jack In the Box then started a chain of Irish Pubs called Bennigan's which he sold to Pilsbury, becoming the head of Pilsbury's restaurant division.
- 1984: Brinker took the company public with the symbol EAT.
- 1988-1989: The company acquired rights to the newly formed Romano's Macaroni Grill by r Philip J. Romano.
- 1989: Chili's purchased Grady's Goodtimes out of Knoxville, Tn. They renamed this Regas.
- 1990: Chili's operated 240 Chili's, 14 Regas Grill and three Romano's Macaroni Grill with a total revenue of $438 million.
- 1991: The company changed its name to Brinker International, Inc..
- 1992: Brinker renamed Regas as Grady's American Grill
- 1992-1993: The company opened experimental restaurants including Spegeddies, Kona Ranch Steakhouse in Oklahoma City, and Nacho Mama's in San Antonio, Tx.
- 1994-02: Brinker acquired the 21 unit On the Border restaurant 1994: Brinker opened Cozymel's Coastal Mexican Grill.
- 1995: Brinker formed a relation with Lettuce Entertain You Enterprises to develop concept restaurants including Maggiano's Little Italy and Corner Bakeries.
- 1995: Brinker sold Grady's and Spageddie's to Quality Dining Inc..
- 1996: Brinker launched Eatzi's.
- 2000: Brinker had over 1000 restaurants with $2.2B in sales.
- Funding Universe - Brinker International (Drawn 3/31/2018)
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