As part of an ongoing refranchising effort, the parent of the Jamba Juice smoothie chain said on Wednesday it had agreed to sell 41 corporate stores to franchisees, reflecting the company’s largest transaction since the initiative began last year. Terms of the deal, which is expected to close in November, were not disclosed. Jamba’s stock jumped 7.79 percent to $2.49 per share following the announcement, marking the biggest gain on NRN’s Restaurant Stock Index ...

Register to view this article

It’s free but we need to know a little about you to continually improve our content.

Why Register?

Registering allows you to unlock a portion of our premium online content. You can access more in-depth stories and analysis, as well as news not found on any other website or any other media outlet. You also get free eNewsletters, blogs, real-time polls, archives and more.

 

Attention Print Subscribers:  While you have already been granted free access to NRN we ask that you register now. We promise it will only take a few minutes!

Already registered? here.