Who is smashburger owned by

It is also interesting to note that the problematic financial situation of Smashburger in the past three years has caused JFC to book a total cumulative losses of Php million to date. The lower losses booked this year should signal an improvement in the financials of Smashburger with JFC taking over management of the company. This is not to mention the potential growth of the brand in the US and in other countries.

Henry Ong is an entrepreneur, investor, researcher and business columnist for more than 15 years. Follow him on twitter henryong Ryan really does put a lot of stock in what this particular generation thinks, and touts their presence within the workings of the company as another secret to Smashburger's fame.

He told CNBC in , " It turns out the name "Smashburger" is quite literal. Smashing is an actual culinary technique that's been beautifully perfected by the food geniuses at Smashburger. When making the restaurant's burgers, workers smash hand-packed balls of fresh never frozen beef onto a piping hot, buttered , pre-seasoned grill, fast cooking the meat. Employees use a precise burger smashing device, and the result has been described as being akin to a beef balloon or shell that envelopes the seasoning and juices.

We'd venture to say there is probably something oddly satisfying about the splattering of a mound of percent Certified Angus Beef onto a sizzling grill but we can only speculate, or get a gig flipping burgers at Smashburger of course. While this technique or type of hamburger is not necessarily innovative it's been around since Americans started getting burgers from drive-thrus to eat in their car , Smashburger might be the first to execute the process well enough to claim the name.

Part of what makes Smashburger burgers so divine is the addition of a surprising ingredient: poultry. Tom Ryan, Smashburger's co-founder, confirmed with Franchise Times that part of the special seasoning that goes onto the hamburger patties is ground up chicken skin. The burgers are seasoned with the usual salt, pepper, and garlic powder but when asked about the contents of a seemingly mysterious spice in the Smashburger kitchen, Ryan said, "It's actually triple roasted chicken skin ground up That's what's in there.

This certainly brings a whole new element to the common food phrase, "tastes like chicken. That hasn't always been the case though. The burger slinger has actually gone through quite a few head honchos since its beginnings in Ryan took over when Michael Nolan stepped down in , after only holding the job for around eight months.

Before that, Scott Crane had held the title, and his predecessor was David Prokupek , who had been with Smashburger since the early days in Denver.

As is sometimes the case with C suite positions, there weren't really any explanations for the high turnover rate between and but it can sometimes signal company unrest since it can often take a significant period of time for a new CEO to settle in and make a difference. Since Ryan is still currently still in the position, it seems as though it was the right move for Smashburger — he's clearly got the passion for the brand.

In , Jollibee Foods Corporation , the extremely large Philippines-based company, bought 40 percent of Smashburger. Jollibee Foods Corp of course owns Jollibee, the popular Asian fast food joint that Anthony Bourdain once referred to as, "the wackiest, jolliest place on earth. That resulted in Jollibee essentially owning 85 percent of Smashburger.

Ultimately, in December of , Jollibee ended up buying the remaining 15 percent stake. Smashburger co-founder and current CEO Tom Ryan is a big fan of Jollibee, recognizing its help with navigating the competitive burger landscape, both in the U. The company also launched the Smash Pass, a subscription model consumer frequency program, a fast casual first.

About Smashburger Smashburger is a leading fast casual better burger restaurant known for its percent fresh never frozen, burgers that are smashed on the grill to sear in the juices and seal in the flavor. On each market menu, Smashburger offers locally inspired items like the regional burger, as well as regional sides and local craft beer.

Smashburger began in with the vision of Rick Schaden and funding by Consumer Capital Partners—the private equity firm that Rick and his father Richard own.