# GEN Sells 47 Locations to Chubby

> Korean BBQ chain GEN sells 47 restaurants to Chubby for $100 million to focus on packaged goods.
- Title: GEN Sells 47 Locations to Chubby | Shortify
- Summary: Korean BBQ chain GEN sells 47 restaurants to Chubby for $100 million to focus on packaged goods. GEN Restaurant Group sold 47 locations to Chubby Cattle…
- Keywords: gen, chubby, korean barbecue, consumer packaged goods, retail, sales, restaurant, business, local, Sells, Locations, Los Angeles Business Journal
- Source: Los Angeles Business Journal — https://labusinessjournal.com/retail/gen-sells-47-locations-to-chubby
- Author: Zhiyu Luo
- Published: 2026-10-19T07:25:02+00:00
- Read time: 1 min
- Topics: gen, chubby, korean barbecue, consumer packaged goods, retail, sales, restaurant, business, local
## GEN Sells 47 Locations
Korean barbecue chain GEN Restaurant Group Inc. agreed to sell 47 restaurant operations to Chubby Cattle Group for $100 million.
## Focus on Packaged Goods
GEN will shift focus to consumer packaged goods after selling 47 locations to Chubby.
## Chubby Funds Conversions
Chubby will fund restaurant conversions and buildouts while GEN retains operating profit until each takeover.
## 47 Locations Sold
GEN sold four development sites to Chubby, retaining three locations for staff, research and development.
## Brand License and Equity
GEN received a $1.5 billion equity note and Chubby got a perpetual license to use the GEN brand.
## Market Expansion Plans
GEN aims to reach 100 restaurants and a million members by 2026 through retail partnerships.
## Key takeaway

GEN Restaurant Group sold 47 locations to Chubby Cattle Group for $100 million to expand consumer packaged goods.