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GENK — GEN Restaurant News Story

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Brief: Chubby Group Closes $50 Mln Series A Led By Prysm Capital At $500M Valuation

BRIEF-Chubby Group Closes $50 Mln Series A Led By Prysm Capital At $500M Valuation 

- CHUBBY GROUP:

  • CHUBBY GROUP CLOSES $50M SERIES A LED BY PRYSM CAPITAL AT $500M VALUATION; SIGNS DEAL TO PURCHASE 47 GEN KOREAN BBQ RESTAURANTS

  • CHUBBY GROUP - SYSTEMWIDE REVENUE PROJECTED AT $400 MILLION FOR FULL-YEAR 2026

  • CHUBBY GROUP - UNDER DEAL, GEN TO HOLD CONVERTIBLE NOTE AT $1.50 BILLION VALUATION; CHUBBY RECEIVES PERPETUAL GEN BRAND LICENSE


((Reuters.Briefs@thomsonreuters.com;))

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