GEN Restaurant Group Signs Deal to Sell 47 Restaurants to Chubby Group for Up to $100 Million

GEN Restaurant Group signed a letter of intent to sell 47 U.S. restaurants to Chubby Group for up to $100 million. The deal includes four development sites, with restaurant transfers planned in four phases over 12 months, starting November 1, 2026. GEN will receive a note convertible into Chubby Group equity at a $1.5 billion valuation as part of the consideration. Chubby will receive a perpetual license to the GEN brand and fund restaurant conversions from its own capital. Closing remains subject to definitive agreements, license and lease transfers, and regulatory approvals. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. GEN Restaurant Group Inc. published the original content used to generate this news brief via (Ref. ID: LA73086) on October 15, 2026, and is solely responsible for the information contained therein. (C)