Truett Cathy, Chick-Fil-A Inc. founder and chairman will hand over the reins of his $4.6 billion fast-food empire to son and company COO Dan as he turns his attention to new concept Truett’s Luau.
As Atlanta Business Chronicle reported first on October 11th , Chick-Fil-A is preparing to rename its sole Upscale Pizza restaurant in Fayetteville, Ga., which opened its doors in 2008. It will be renamed Truett’s Pizza Cafe to honor Truett Cathy. The company is planning a re-grand opening with the new name and slight interior remodel early this month November.
The pizza restaurant is one of a small family of other “Truett” spinoff concepts, including Truett’s Grill, Truett’s Pizza Cafe and the new Truett’s Luau, which is scheduled to open in December.
In March, Forbes ranked Truett Cathy, 92, the No. 308 richest person in the world with an estimated net worth of $4.2 billion.
It all started in 1946, when Truett Cathy opened his first restaurant, Dwarf Grill, in Hapeville, Georgia. Credited with inventing Chick-Fil-A’s boneless breast of chicken sandwich, Mr. Cathy founded Chick-Fil-A, Inc. in the early 1960s and pioneered the establishment of restaurants in shopping malls with the opening of the first Chick-Fil-A Restaurant at a mall in suburban Atlanta in 1967. Since then, Chick-Fil-A has steadily grown to become the second largest quick-service chicken restaurant chain in the United States, with over 1,700 locations in 39 states and Washington, D.C. In 2012, annual sales were over $4.6 billion. Chick-Fil-A is still privately held and family owned.
With 45 consecutive years of positive sales growth, Chick-Fil-A has set itself apart by pioneering innovations and delicious products—including the ever-popular Chick-Fil-A® Chicken Sandwich.