A Southern Fast-Casual Chain Offers Jose Garces a Lifeline
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It'll be interesting to see what happens when you mix a former Iron Chef with 150 southern fast-casual chain restaurants.
Bankrupted chef Jose Garces found a financial lifeline from an unexpected corner of the industry. Ballard Brands, a fast-casual group with about 150 restaurants headquartered outside of New Orleans, Louisiana, announced that it had bought Philadelphia-based Garces' Restaurant Group for over $5 million in cash and assumed liabilities, according to the company.
The deal puts Ballard in control of all 13 of Garces' restaurants, plus the company's catering arm, a 40-acre farm in Pennsylvania, and the Garces Foundation. Ballard will also be k
