Bounty Fresh may now have a seat at the casual dining table, but it still has no appetite for the stock market.
After four decades as a closely held business of the Chen family, the poultry giant behind Bounty Fresh and Chooks-to-Go is still private, even after its owners snapped up The Bistro Group. That’s the restaurant operator behind brands like Italianni’s, TGI Fridays, Texas Roadhouse, and other full-service dining concepts.
Naturally, the rumor mill has been churning: when will Bounty finally go public?
Bounty Fresh Group Holdings president and CEO Kenneth Cheng seemed to know it was coming. At the group’s 40th anniversary event, when the first question from media turned to expansion, Cheng joked: “I thought you were going to ask if we’re going to IPO. But no, we’re not going to IPO.”
So naturally, after the event, the media asked him about it again. Bounty’s stance?
