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Boston Chicken expands stakes

Published on .

Boston Chicken Inc., parent of the Boston Market chain, said it has expanded its stake to 85% of Progressive Food Concepts, a company formed last January to explore new ways of marketing its home-style prepared foods. The Golden, Colo.-based company said Wednesday it plans to widen a one-unit test of an expanded Boston Market concept in Charlotte, N.C., to restaurants in Denver, and is buying 16 Denver restaurants from a franchisee in connection with the project.

Separately, Boston Chicken said it has acquired a majority position in Mayfair Partners, operator of Boston Markets in Baltimore and Washington, D.C. The move will add 53 restaurants to the chain's corporate store count.

Copyright August 1997, Crain Communications Inc.

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