DQ refranchising plan hits financing hurdle
Dairy Queen is ready to make a deal to refranchise the majority of its corporate locations, but like many restaurant companies operating in the continued credit crunch, potential buyers have run into trouble securing financing. Dairy Queen said it is seeking a buyer for 56 corporate units in Kentucky and southern Indiana. The company values the transaction at $32.65 million, including the accompanying real estate, making it the largest such deal for the quick-service brand. And that might ...
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Contact: Desiree Torres Desiree.Torres@penton.com