Champps Entertainment Inc. of Littleton has agreed to sell its assets to a New York private equity firm. Champps owns and operates 49 restaurants and franchises or licenses another 13. Champp's has a restaurant at The Promenade Shops at Briargate plus two in the Denver metro area, at the Park Meadows and Aspen Grove shopping centers. Under the terms of the deal, an investment entity formed by Kinderhook will pay $75 million for the company and assume all of its liabilities, including outstanding debt. The Champps corporate entity will remain a publicly held company and intends to invest the proceeds from the sale into another business. ....
The Taco Bell restaurant at 405 East Platte Ave. - long a favorite of Palmer High students - is closed at least until March in order for the franchisee to do a complete remodel to a more modern design that the chain calls "Bold Choice." ...
Tuesday, January 16, 2007
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