GEN Restaurant Group (GENK) Signs $100M Binding LOI to Sell Ops of 47 Restaurants
GEN Restaurant Group (GENK) signed a binding LOI to sell 47 U.S. restaurants to Chubby Group for $100M, expecting to close in ~30 days. The deal aims to reduce lease liabilities and eliminate debt, while GENK retains its brand and CPG business.

