In this video I review Boston Market’s Swedish Meatballs.
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Joe Mueller, Food Reviewer JKMCraveTV
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Courtesy of Wikipedia
It was founded in December 1984 in Newton, Massachusetts, by Steven Kolow and Arthur Cores. The chain expanded rapidly in the early and mid-1990s. The company raised a lot of debt to finance its expansion. The rapid expansion allowed the company to create a steady stream of revenue from one-time development fees and increasing royalties, but also raised interest rates on its development loans. In 1998 the company filed for Chapter 11 bankruptcy. The company was purchased by McDonald’s Corporation in May 2000. McDonald’s purchased the company for its real estate, but found the brand serviceable and therefore continued to operate and expand the chain. In 2007 McDonald’s announced that it was “exploring strategic options” for the subsidiary. On August 6, 2007, McDonald’s announced plans to sell the chain to Sun Capital Partners, a transaction that was completed on August 27, 2007.