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Stock Market & Financial Investment News

News Breaks
January 10, 2013
09:27 EDTSNAKThe Inventure Group downgraded to Neutral from Buy at B. Riley Caris
News For SNAK From The Last 14 Days
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April 21, 2014
15:15 EDTSNAKInventure Foods amends license agreement with TGI Friday’s
Inventure Foods disclosed in a regulatory filing that on April 15 the company entered into a license agreement, effective March 31, with TGI Friday’s that amends and restates their previous agreement, dated April 3, 2000. Material modifications to the prior agreement include: the term was extended beyond the current expiration date of May 31, 2014 to December 31, 2019, with an automatic renewal for an additional five-year period unless the company notifies TGI Friday’s in writing of its intention not to renew; provisions regarding non-refundable advances to be paid by the company to TGI Friday’s were added; provisions regarding escalating royalty rates were added; the sales minimums required by the company were increased; and the geographic scope of the license was expanded into new countries.

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