ATLANTA Multiconcept franchisor Focus Brands Inc. said it has completed its purchase of franchising rights to Moe's Southwest Grill and other assets of the fast-casual chain from Raving Brands. Terms of the deal were not disclosed. After the sales agreement was announced in April, a source close to the bidding said Focus would pay $120 million to $140 million, or 10 times Moe's earnings before interest, taxes, depreciation and amortization. The source provided the information on the ...
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