A new report says Derrick Rose’s investment has brought a local Chicago pizza chain back from the brink of bankruptcy, helped reinvigorate revenue — and sparked unprecedented site expansion.
Giordano’s Pizza is a 39-year-old company, purchased by the firm Victory Park Capital Advisors LLC last November for $52 million, and is on track for nearly $100 million in sales this year, according to its CEO.
“The 39-year-old company, which was purchased by Chicago private-equity firm Victory Park Capital Advisors LLC in November for $52 million, is profitable and on track to generate nearly $100 million in sales this year,” says CEO Yorgo Koutsogiorgas. He adds that “Giordano’s has experienced double-digit percentage revenue growth each of the last two years,†writes Danny Ecker of Crain’s Chicago Business.
“We have seen an immense uptick in our sales for the last year and a half, which coincides to a degree with the announcement of his ownership with Giordano’s,” said CEO Yorgo Koutsogiorgas, according to the report.
“With a recent cash infusion from its new owners and a revamped menu with more health-conscious fare, Giordano’s will soon expand beyond its 43 locations (40 of which are in Illinois, three in the Orlando, Fla., area).â€
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