Guzman y Gomez eyes potential IPO in late 2024, puts co-chief executives Steven Marks and Hilton Brett in charge

  • 📰 FinancialReview
  • ⏱ Reading Time:
  • 36 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 90%

Finance Finance Headlines News

Finance Finance Latest News,Finance Finance Headlines

The Mexican fast-food chain has 202 outlets, most of them in Australia. The two bosses want to ramp up expansion in a softer economy.

The Mexican fast food chain Guzman y Gomez will have an unusual structure as it heads toward a potential IPO, with two co-chief executives.

Hilton Brett, who has been on the GYG board for the past five years, has been anointed as co-chief executive of the group and will sit alongside Mr Marks, the other co-chief executive. Mr Marks founded the company with its first outlet in the Sydney suburb of Newtown in 2005 and has been chief executive since 2006.

GYG has 202 locations in Australia, Japan, Singapore, and has started making early inroads into the United States. Mr Marks, a New York native, started his business career with billionaire and New York Mets baseball team owner Steve Cohen’s hedge fund SAC Capital, which has since closed. He then worked in London with Cheyne Capital and founded GYG in Australia in 2005.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in FİNANCE

Finance Finance Latest News, Finance Finance Headlines