Boston Market, known as Boston Chicken until 1995, headquartered in Golden, Colorado, is a chain of American fast casual restaurants.
Boston Market, known as Boston Chicken until 1995, headquartered in Golden, Colorado, is a chain of American fast casual restaurants. It is owned by private equity firm Sun Capital Partners, headquartered in Boca Raton, Florida. Founded in December 1985 in Newton, Massachusetts, by Steven Kolow and Arthur Cores. The chain grew rapidly in the early and mid-1990s. Despite its apparent success, the company raised much debt to finance its expansion. The rapid expansion allowed the company to create a steady stream of revenue from one-time development fees and increasing royalties, but also higher interest rates on its development loans. In 1998, the company filed for Chapter 11 bankruptcy. The company was purchased by McDonald's Corporation in May 2000. McDonald's initially purchased the company for its real estate, but found the brand serviceable and therefore continued to operate and expand the chain.
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