Spicy Pickle Franchising Inc. has been acquired by Cibus Holding LLC, a Denver-based company representing lenders that called in loans totaling $4.75 million after the now 22-unit sandwich chain defaulted, officials said Thursday. Following an auction held earlier this week, Cibus Franchising LLC, a subsidiary of Cibus Holding, emerged as the new owner of Spicy Pickle, as well as sister brand BG Urban Cafes/Grills, an 11-unit bakery-café concept the company was developing in ...
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Contact: Desiree Torres Desiree.Torres@penton.com