ATLANTA Multiconcept franchisor Raving Brands said Thursday it has shed two more of its concepts with the sale of Shane's Rib Shack and Planet Smoothie to private-equity firm Edmonds Capital LLC and the brands’ management teams. Both Shane’s, an 80-unit fast-casual barbecue chain, and Planet Smoothie, a 125-unit quick-service smoothie concept, will operate under the newly created holding company of Petrus Brands Inc., based in Atlanta. Other details of the deal, including the ...

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