Fogo de Chão
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Fogo de Chão (Brazilian Portuguese: [ˈfo.ɡu dʒi ʃɐ̃w]) is a fine dining, full-service Brazilian steakhouse or churrascaria, serving rodízio style, featuring roving waiters serving barbecued meats from large skewers directly onto the seated diners' plates.
Number of locations
|United States, Brazil, Mexico and the UAE|
The name Fogo de Chão means "fire on the ground" and summarizes the traditional gaúcho method of roasting meats over an open fire. They offer a prix-fixe "full churrasco experience" which includes unlimited servings of various cuts of meat and an extensive "gourmet market table" for both lunch and dinner. All meats are slow-roasted by gaúcho chefs and carved at tableside.
The founders of Fogo de Chão grew up on a traditional Southern Brazilian farm in the Serra Gaúcha. It is here that they learned to cook in the churrasco grilling tradition that would become the backbone of our story. The founding brothers left the quaint, mountainous countryside of Rio Grande do Sul to Rio and São Paulo for formal churrasqueiro training, all while developing the Fogo concept.This first restaurant, built of a wood structure and nestled in the countryside of Porto Alegre, grew out of an obsessive dedication to quality, investments in the art and culture of the city and a respect for the heritage of the founders’ families. After gaining a reputation among politicians, businessmen and celebrities who flocked from all over Brazil to taste the experience, Fogo opened its second restaurant in São Paulo.
At the requests of loyal American guests, the Fogo concept was exported to the US with a stateside debut in Dallas, Texas. Between 1997 and 2018, this pioneering churrascaria continued its expansion globally now with 52 restaurants across the US, Brazil, Mexico and the Middle East. Their passion to share their Southern Brazilian culture and cuisine has only just begun with plans for further growth around the world.
The Brazilian private equity firm, GP Investments, made their initial investment in Fogo de Chão in 2006 and sold its shares to American private equity firm Thomas H. Lee Partners in 2012. On April 20, 2015, the company filed for an initial public offering on the NASDAQ. It traded there under the symbol FOGO until April 5, 2018, when it was acquired by Rhône Capital.
- Tonon, Rafael (6 October 2016). "How the Brazilian Steakhouse Chain Fogo de Chão Swept America". Eater. Vox Media Inc. Retrieved 2019-04-04.
- "Fogo de Chao Form 10-K 2017". www.sec.gov. March 5, 2017. Retrieved 2018-01-26.
- "Brazilian Steakhouse Fogo de Chao Discloses IPO Plan". The Wall Street Journal. Retrieved 2015-04-27.
- "Rhône Completes Acquisition of Fogo de Chão, Inc". NASDAQ: Globe Newswire. 5 April 2018. Retrieved 17 April 2018.
The acquisition was announced on February 20, 2018, and the transaction closed and became effective today. ... As a result of the completion of the acquisition, Fogo’s common stock has ceased trading as of today on the NASDAQ Global Select Market.