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Shari S Management Corp

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March 9, 1999 | Leslie Earnest, Leslie Earnest covers retail businesses and restaurants for The Times. She can be reached at (714) 966-7832 and at leslie.earnest@latimes.com
An investment group headed by Anaheim-based Fairmont Capital Inc. has purchased Shari's Management Corp., a chain of 96 family-style restaurants, for about $60 million. Fairmont's president, Michael Gibbons, said he's had his eye on the chain since he helped former owner Larry Hatfield negotiate a deal to buy the Beaverton, Ore.,-based operation 10 years ago. "We sort of had a gentlemen's agreement that when he was ready to retire, I would have first dibs at buying it," Gibbons said.
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BUSINESS
March 9, 1999 | Leslie Earnest, Leslie Earnest covers retail businesses and restaurants for The Times. She can be reached at (714) 966-7832 and at leslie.earnest@latimes.com
An investment group headed by Anaheim-based Fairmont Capital Inc. has purchased Shari's Management Corp., a chain of 96 family-style restaurants, for about $60 million. Fairmont's president, Michael Gibbons, said he's had his eye on the chain since he helped former owner Larry Hatfield negotiate a deal to buy the Beaverton, Ore.,-based operation 10 years ago. "We sort of had a gentlemen's agreement that when he was ready to retire, I would have first dibs at buying it," Gibbons said.
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