According to the Wall Street Journal, Bojangles is considering a possible sale. The Charlotte-based fried chicken chain could fetch over $1.5 billion, more than three times what it sold for in a 2019 buyout by Durational Capital Management LP and the Jordan Company, L.P. The company’s headquarters remained in Charlotte as part of that deal.
However, sources told the WSJ it’s also possible that the company will decide not to sell at all. Bojangles hasn’t issued any comments on the matter at this time.
Bojangles was founded in Charlotte in 1977.
(Photo By Lauren A. Little/MediaNews Group/Reading Eagle via Getty Images)
No comments