OTHER NEWS - Jan. 8, 1994
From Times Staff and Wire Reports
Restaurant Enterprises Reorganization OKd: Clearing the way for formation of the largest coast-to-coast chain of sit-down Mexican-style restaurants, a bankruptcy judge in Delaware approved Restaurant Enterprises Group Inc.’s reorganization plan. In a complicated recapitalization to be completed later this month, Foodmaker Inc. in San Diego and two investment partners will acquire Irvine-based REG, which operates the El Torito Mexican restaurant chain as well as Carrows and Coco’s. REG will acquire Foodmaker’s 237 Chi-Chi’s Mexican-style restaurants, most of which are in the East. REG, which will be renamed Family Restaurants Inc., will end up with 682 restaurants in 34 states.
