Krystal HQ moving to Atlanta

[Bob]

Pendergast made the announcement well in advance to ease the transition for Krystal’s approximately 60 RSC employees. The majority of the RSC employees have the option to apply for new positions in the Atlanta office. Severance packages and job search assistance will be offered to those who do not relocate

yeah, heard that before...

** story here **

[compspeed]

Ah, yes typical big biz BS bingo in previous statements at time of sale. Oh, sure part of the deal is we insisted the corporate office stay here,.....yeah, right.......here's your link: www.timesfreepress.com/news/2012/mar/23/krystal-sold-atlanta-based-investors/

[Babs]

Are they still connected with Coke and the Davenports?

[LimitedRecourse]

Head to Atlanta?

ducttapeweddingring.com/2011/10/25/was-i-really-the-only-kid-freaked-out-by-early-1990s-krystal-advertising/

[cadillacdude1975]

Oct 5, 2012 18:34:12 GMT -5 Babs said:

Are they still connected with Coke and the Davenports?

i worked in krystal management for several years, and they were never affiliated with coke. and they have not been connected to the davenports since the mid to late 90's.

the lawsuit of non payment of overtime wages kinda forced the hand of them being sold outside of the family that had owned them for decades.

Krystal still maintains corporate headquarters in Chattanooga (for now lol) and has been owned by Argonne Capital Group since early 2012. Previously, Port Royal Holdings, Inc. owned the chain from 1997-2012, expanding the chain to a peak of over 420 locations in 11 states in 2002, before downsizing and closing dozens of locations. Ten new locations were added in 2011.

In the late 1990s, Krystal emerged from a bankruptcy proceeding and sale of assets that placed majority ownership outside the heirs of the founding families.

key dates in krystal history:

1932:
R.B. Davenport, Jr., opens the first Krystal restaurant in Chattanooga, Tennessee.
1969:
DavCo Foods is founded by the Krystal family and operates as a Krystal division.
1976:
DavCo opens its first Wendy's franchise.
1982:
Krystal acquires the Po Folks restaurant chain.
1983:
Po Folks becomes a public company and subsequently acquires DavCo; Krystal launches its famous Cowboy Sid and Sheila the Wonder Horse advertising campaign.
1990:
Krystal begins franchising.
1992:
Company makes initial public stock offering to fuel expansion.
1995:
Krystal files for Chapter 11 bankruptcy protection.
1997:
Port Royal Holdings acquires Krystal.
1998:
Port Royal institutes expansion plan.
2012:
Port Royal sells to the Argonne Capital Group.

[grout]

Oct 5, 2012 18:34:12 GMT -5 Babs said:

Are they still connected with Coke and the Davenports?

A couple of the Davenports own several Burger King franchises now