Habit Burger Grill parent agrees to purchase by Yum! Brands Inc.
Fast-casual burger chain to join owner of KFC, Taco Bell and Pizza Hut
Bret Thorn, Nation's Restaurant News
Mar 18, 2020
Shareholders of The Habit Restaurants, Inc., parent company of The Habit Burger Grill, based in Irvine, Calif., agreed to be purchased by Yum! Brands, Inc., Habit said Wednesday, ratifying an agreement that had been announced in January.
Yum!, based in Louisville, Ky., is one of the largest restaurant companies in the world and is parent to KFC, Pizza Hut and Taco Bell with a total of more than 49,000 restaurants worldwide.
Habit, a fast-casual burger chain based in Irvine, Calif., has more 270 restaurants in 13 states. It said it expected the sale for around $375 million to close today.
In addition to burgers, Habit offers chicken and tuna sandwiches, salads, sides and milkshake. It was founded in Santa Barbara, Calif., in 1969...