Chilango (restaurant chain)

Chilango
Company typePrivate
Founded2007; 17 years ago (2007)
Headquarters
London
,
United Kingdom
Number of locations
12 branches (2020)
Area served
Websitechilango.co.uk

Chilango is a restaurant chain in the United Kingdom specialising in Mexican cuisine.

History

Chilango was founded in 2007 by Eric Partaker and Dan Houghton, who met whilst working at Skype Technologies.[1]

In August 2014, Chilango raised £2 million through a mini bond issue on crowdfunding platform Crowdcube, styled by the company as 'Burrito bonds'.[2]

In April 2016, Chilango opened its 11th branch and first outside of London, in Manchester.[3] In October 2018, Chilango opened its 12th branch, in Birmingham.[4]

Chilango engaged RSM to "assist on working on long-term planning, options and strategy" in 2019.[5] Chilango entered administration in July 2020.[6] The chain was bought out of administration in August 2020 by the investment group, RD Capital Partners.[7]

In May 2022, it was announced that RD Capital Partners had sold Chilango to the London-based restaurant chain, Tortilla Mexican Grill PLC for £2.8 million.

References

  1. ^ Hancock, Alice (22 July 2020). "Chilango puts sale on the menu as it prepares administration". Financial Times. Archived from the original on 30 April 2021. Retrieved 30 April 2021.
  2. ^ Clawson, Trevor (28 August 2014). "Will Chilango's £2m Success Herald An Affordable Mini Bond Revolution?". Forbes. Archived from the original on 30 April 2021. Retrieved 30 April 2021.
  3. ^ Heward, Emily (23 March 2016). "Mexican chain Chilango celebrates Manchester opening with free burritos all day". Manchester Evening News. Archived from the original on 30 April 2021. Retrieved 30 April 2021.
  4. ^ Jones, Tamlyn (18 October 2018). "Mexican chain Chilango to open inside former Birmingham bank". Birmingham Mail. Archived from the original on 30 April 2021. Retrieved 30 April 2021.
  5. ^ Jones, Rupert (14 November 2019). "'Burrito bond' Mexican restaurant chain in restructuring talks". The Guardian. Archived from the original on 1 June 2021. Retrieved 20 July 2021.
  6. ^ Hussain, Ali (25 July 2020). "Burnt fingers on 'burrito bonds' as Chilango puts itself up for sale". The Times. Archived from the original on 30 April 2021. Retrieved 30 April 2021.
  7. ^ Nilsson, Patricia (27 August 2020). "Mexican restaurant chain Chilango bought out of administration". Financial Times. Archived from the original on 30 April 2021. Retrieved 30 April 2021.