FOCUS Brands and Roark Capital Complete Purchase of Moe’s Southwest Grill
Atlanta, GA (August 30, 2007) – FOCUS Brands, an Atlanta-based franchisor and affiliate of Roark Capital, announced today that certain of its subsidiaries have completed the previously announced purchase of substantially all of the assets of Moe’s Southwest Grill, a fast-casual restaurant chain with 360 locations in 34 states and the District of Columbia, from Raving Brands. Recently ranked in Restaurant Hospitality magazine as one of the “Top Ten Growth Chains That Sizzle”, Moe’s offers fresh Southwest favorites, including burritos, quesadillas, and fajitas in a fun, family-oriented atmosphere.
FOCUS Brands to Acquire Moe’s Southwest Grill
Atlanta, GA (April 11, 2007) – FOCUS Brands, an Atlanta-based franchisor, announced today that through a subsidiary, it has signed a definitive agreement to acquire Moe’s Southwest Grill, a fast-casual restaurant chain offering fresh Southwest favorites, including burritos, quesadillas, and fajitas, in a quirky, fun atmosphere from certain affiliates of Raving Brands.
Roark Capital Group Acquires Schlotzsky’s, Ltd.
Atlanta, GA (November 21, 2006) – Roark Capital Group, an Atlanta-based private equity firm, announced today the acquisition of Schlotzsky’s, Ltd. Schlotzsky’s is a quick casual restaurant chain offering made-to-order sandwiches, soups, salads, and pizza. Founded in 1971 as the home of the Original™ toasted sandwich and headquartered in Austin, Texas, Schlotzsky’s has approximately 365 franchised and company-owned locations generating $210 million of system-wide revenues throughout the United States and six foreign countries.
FOCUS Brands Opens New Carvel Ice Cream or Cinnabon Location Every Two Days
Atlanta, GA (July 31, 2006) – FOCUS Brands, the franchisor and operator of over 1,300 ice cream stores, bakeries, and cafes under the brand names Carvel®, Cinnabon®, and the franchisor of Seattle’s Best Coffee® on military bases and in certain international markets, announces mid-year results of 100 new store openings throughout the U.S., Egypt, Indonesia, Mexico, Oman, and Saudi Arabia. In addition, the company signed individual franchise agreements for 75 domestic locations; development agreements for eight new international markets including Aruba, Bonaire, Colombia, Curacao, Cyprus, Greece, South Africa, and St. Maarten/St. Martin; and four expanded development agreements in Mexico, Egypt, Jordan, and the Palestinian Territories.
Roark Capital Group Completes Purchase of Cinnabon® and Seattle’s Best Coffee® International
Atlanta, GA (November 4, 2004) – Roark Capital Group, an Atlanta-based private equity firm, announced today that its affiliate, FOCUS Brands Inc., has completed the purchase of Cinnabon and Seattle’s Best Coffee International from AFC Enterprises. The two brands combine with Carvel Corporation, a leading provider of premium soft serve ice cream and ice cream cakes, to form FOCUS Brands Inc.