Magic Brands LLC, parent of the Fuddruckers and Koo Koo Roo brands, said on Wednesday it had agreed to sell substantially all of its assets to Tavistock Group in a $40 million deal that included filing for Chapter 11 bankruptcy protection. Magic Brands, which filed the Ch. 11 petition in U.S. Bankruptcy Court in Delaware, said it would close 24 of its 85 corporate Fuddruckers units by the end of the month, and evaluate the 13 Koo Koo Roo units, which are based in California. The company said ...
Register to view this article
It’s free but we need to know a little about you to continually improve our content.
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!
Questions about your account or how to access content?