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News Breaks
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October 29, 2009
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| 13:53 EDT |  | JMBA |
| theflyonthewall.com: | Jamba sells eight restaurants in California | | Jamba announced the sale of eight restaurants in California to Four Life Food, a company owned primarily by one of the four original co-founders of Jamba Juice, Linda Olds, and her husband Jeff Olds. With the acquisition of these restaurants, the Olds now own and operate nine California Jamba Juice locations. Participating in the acquisition through a minority ownership position in Four Life Foods is Brett Thomas, a former District Manager of the Company. This sale reflects the Company’s continuing progress under its strategic refranchising program that was announced May 28. This refranchising transaction builds on the sale of 19 restaurants earlier this year to existing Jamba Juice franchise owners in Arizona and Oregon. :theflyonthewall.com |
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