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The company was acquired by private equity firm Berkshire Partners in 2014 from the founder for approximately $1 billion. The non-Chicago locations have achieved AUVs of $6 million to $7 million, more than double quick service restaurants and fast casual industry averages. While Portillo's has much larger AUV than its peers, the company has an even larger average footprint than peers. Closing this gap will take significant capital allocation improvements, technology initiatives, marketing plans, real estate restructurings and operational advancements. Engaged is supportive of management and expects they will recruit a strong operator into the presently vacant COO role.
Persons: Portillo's, , Ken Squire Organizations: Berkshire Partners, Berkshire, Management, NFL, Del, Shake, 13D Locations: Berkshire, Chicago, Portillo's, That's, Del Frisco's
Lourdes Portillo, an Oscar-nominated Mexican-born documentary filmmaker whose work explored Latin American social issues, died on Saturday at her home in San Francisco. Her death was confirmed by her friend Soco Aguilar. One of Ms. Portillo’s best-known works is her 1994 documentary “The Devil Never Sleeps,” a murder-mystery in which she investigates the strange death of her multimillionaire uncle, whose widow claimed he had died of a self-inflicted gunshot wound. In 2020, the Library of Congress selected the film for the National Film Registry. The documentary had the tenor of a telenovela and presented open questions about Mr. Ruiz Almeida’s mysterious life and death and the people who could have had a motive for the murder.
Persons: Lourdes Portillo, Oscar, Soco Aguilar, Portillo’s, , Oscar Ruiz Almeida, ” Stephen Holden, Ruiz Almeida’s Organizations: of Congress, National Film Registry, Times Locations: Mexican, San Francisco, United States
The chain's sales are "way stronger" in Texas, Arizona and Florida than in midwestern states such as Indiana and Wisconsin, according to Osanloo. For more mature companies such as McDonald's , it means accelerating new restaurant growth in areas where it's now underrepresented. It isn't just restaurants looking to the Sun Belt for sales growth. In addition to well-known chains, Greider has also seen restaurants with chef-driven name recognition traveling south from New York and Chicago. The chain's sales are growing again, according to Brix Holdings CEO Sherif Mityas, making it an opportune time to expand Friendly's footprint.
Persons: Portillo's, Michael Osanloo, you've, Justin Greider, Macy's, Phillips, Manu Steijaert, Greider, they've, that's, Carbone, Friendly's, Sherif Mityas, Mityas, we're, Christine Barone Organizations: Beef, CNBC, Northeast, Sun, Airlines, Dallas, Phillips Edison & Company, JPMorgan, Grill, Major Food Group, Brix Holdings, Brix, Bros Locations: Kissimmee , Florida, Chicago, Texas, Texas , Arizona, Florida, Indiana, Wisconsin, U.S, Midwest, Charlotte, Phoenix, Houston, Dallas, Fort Worth, Atlanta, Florida , Texas , Arizona, Georgia, North Carolina, New York, Miami, Massachusetts, Mississippi, Minneapolis, Southern California, California, Virginia
Terry Richardson sexually abused a model on two separate occasions in 2004, a new lawsuit alleges. Advertisement"During their meeting, Mr. Richardson wore nothing but a robe. She "attempted to tell an agent at Trump Model Management about the assault," her lawsuit says, but the agency "insisted that she proceed with the appointment." Portillo, Richardson, and other members of the photography crew traveled in a van back to Manhattan from the shoot location. "Ms. Portillo alleges that this was the latter, and Mr. Richardson did not have the rights to distribute the images."
Persons: Terry Richardson, Donald Trump's, Richardson, , Minerva Portillo, Tom Ford, Yves Saint Laurent . Portillo, Portillo, Ms, Donald Trump —, Mr, " Richardson, " Portillo, Richardson didn't, Gabriel Maseda, consensually, Christine Dunn Organizations: Service, Vogue, Trump Model Management, Vogue Spain, Getty, Mr, Portillo Locations: Manhattan, New York, Spain, Vogue Spain
While Mr. Richardson was photographing Ms. Portillo topless, the model contends that the photographer began posing with her, touching her breasts and pressing his exposed penis up against her body; eventually Mr. Richardson “forcibly inserted his penis into her mouth, and ordered her to perform oral sex on him,” while she repeatedly said “no.” According to Ms. Portillo, the alleged assault was photographed by Mr. Richardson’s employees. The experience traumatized her, according to the lawsuit, and Ms. Portillo returned to Spain about a week later. That fall, some of the photographs of Ms. Portillo were included in an exhibition titled “Terry Richardson: Terryworld,” and in 2006 were published in a book, “Kibosh,” despite a 2005 cease-and-desist letter from Ms. Portillo, who claimed she was dropped by a Spanish modeling agency because of the explicit images. Ms. Portillo said she did not consent to the distribution or sale of Mr. Richardson’s photos. She had signed an undated release at his studio after the first photo shoot, but given her state of mind and that English wasn’t her first language, “did not know what she was signing,” according to the lawsuit.
Persons: Richardson, Portillo, Richardson “, , Ms, . Portillo, , “ Terry Richardson, Guentert Organizations: Trump Model Management Locations: Spain, Spanish
One night in September 2016, two teenage girls were walking down a street in the Long Island hamlet of Brentwood when they were spotted by four members of MS-13, a violent transnational gang with Salvadoran roots. Federal prosecutors said the MS-13 members had set out that evening in a car looking for rival gang members to kill. When they saw Kayla Cuevas, 16, prosecutors added, they recognized her as someone their gang had designated for death after a series of disputes with MS-13 members on social media and at school. They gave the order to kill Kayla and her 15-year-old friend, Nisa Mickens, prosecutors said. One of the gang members in the car, Enrique Portillo, 19, and two younger members then attacked and killed the girls with baseball bats and a machete, prosecutors said.
Persons: Kayla Cuevas, Alexi Saenz, Kayla, Nisa Mickens, Enrique Portillo, Timothy Sini, Portillo Organizations: Suffolk County Police Locations: Long, Brentwood, Suffolk
In response to that drop-off, both chains and independents are working to address the cost factor without alienating diners. Aaron Allen, founder and CEO of restaurant consultancy Aaron Allen & Associates, compared restaurant chains to oil tankers and independents to speedboats. Kate Bruce, owner of The Buttery Bar in Brooklyn, said she's been facing higher costs for everything from labor to cooking oil to energy. Portillo's restaurant chain CEO Michael Osanloo said independents do have greater flexibility when it comes to changing prices. Consumers care more about prices when they're visiting a chain restaurant, according to findings from a survey of roughly 2,400 U.S. consumers conducted by PYMNTS.
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