Redskins Owner Sells Johnny Rockets Food Chain
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WASHINGTON (CBSDC) – Redskins’ owner Daniel Snyder’s private equity firm, Red Zone Capital Management Co., L.L.C., has sold restaurant chain Johnny Rockets for an undisclosed amount of money.
Johnny Rockets, which includes more than 300 restaurants in 30 states and 16 countries, and more than 7,500 employees, has been acquired by private equity group Sun Capital Partners Inc.
The chain, which was acquired by Red Zone in 2007, recently expanded into Mexico, Ecuador, Kuwait and Saudi Arabia. The first restaurant opened on Melrose Avenue in Los Angeles in 1986.
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