GEN receives $100m buyout offer for US restaurant operations

Umesh Ellichipuram

Tue, August 11, 2026 astatine 9:34 AM CDT 1 min read

GEN Korean BBQ concatenation relation GEN Restaurant Group has received a non-binding missive of intent (LOI) from a multi-concept edifice relation to get its US edifice operations and instrumentality implicit related leases.

The LOI outlines a imaginable transaction worthy $100m for the edifice operations.

However, the institution did not disclose the individuality of the prospective buyer.

Under the indicative terms, GEN would clasp 100% ownership of its user packaged goods (CPG) and retail business.

The projected woody would displacement GEN's strategy toward becoming a pure-play CPG company.

GEN said the operation could present worth to shareholders successful 2 ways.

This includes a stronger equilibrium expanse from the edifice sale, paired with continued ownership successful a packaged-goods concern that absorption said is "rapidly growing".

GEN president and CEO David Kim said: "Receiving this connection is simply a testament to the GEN marque and the worth we person already built.

"Our committee of directors, unneurotic with our fiscal and ineligible advisors, volition cautiously reappraisal and measure the connection to find the way that is successful the champion interests of the institution and each its shareholders.

"We judge a transaction of this quality could marque makes strategical sense: focusing GEN wholly connected our CPG business, wherever gross maturation is accelerating rapidly.

"CPG maturation requires importantly little superior than edifice expansion, and we judge that positions america good for the future."

GEN Korean BBQ runs 54 restaurants successful the US and is claimed to beryllium 1 of the largest Asian casual eating concepts successful the country.

"GEN receives $100m buyout connection for US edifice operations" was primitively created and published by Verdict Food Service, a GlobalData owned brand.