Private-equity firm Roark Capital said Friday that Focus Brands, one of its portfolio companies, is acquiring the Auntie Anne’s soft-pretzel chain. Terms were not disclosed, but Roark said the deal is expected to close later this fall. Lancaster, Pa.-based Auntie Anne's, which franchises 1,100 stores in 44 states and 21 countries, joins Carvel, Cinnabon, Schlotzsky’s and Moe’s Southwest Grill in Focus Brands' portfolio of restaurant concepts. Focus Brands also ...

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