Jamba Juice to Open 200 Stores in South Korea
June 07 2010 - 8:00AM
Business Wire
Jamba, Inc (NASDAQ:JMBA) today announced that the Company has
signed a master development agreement with Paris Croissant, an
affiliate of the SPC Group, to develop 200 Jamba Juice locations in
South Korea over the next 10 years. The first Jamba Juice location
is scheduled to open in 2010.
The SPC Group (“SPC”) is a leading specialty food company with
over 4,500 retail locations in Korea across several brands. SPC is
the leading bakery company in Korea with Paris Baguette, their
retail bakery store brand, and popular consumer baked goods labels
such as Shany and Samlip. SPC also operates two major US-based
coffee and ice cream retail brands in Korea.
“We are honored to partner with SPC. The quality and reputation
of their management team and their proven ability to develop brands
and create a new dietary culture and lifestyle in Korea made them
the ideal partner to launch the Jamba brand in this core market in
Asia. We look forward to working with SPC’s management team to give
the Korean consumers an opportunity to experience Jamba’s better
for you and great tasting food and beverages,” said Thibault de
Chatellus, Senior Vice President, Global Franchise and Development,
Jamba Juice Company. “This expansion is a key step in our strategy
of becoming a global healthy, active lifestyle brand.”
“We believe the expansion of our business portfolio to include
Jamba Juice, a brand that has been inspiring and simplifying
healthy living for 20 years, will allow SPC to capitalize on the
growing consumer demand for healthier food and beverages,” said
Young-In Hur, President and CEO, SPC Group. “We made a strategic
decision to focus on brands recognized for healthier menu options
and Jamba Juice was a perfect fit. Their better-for-you, great
tasting product offerings will complement our overall brand
portfolio.”
In addition to expanding into one international market, Jamba
Juice expects to add up to 50 new domestic franchise locations in
2010. This recent franchise development activity reflects the
accelerated growth of the Company and supplements the 287 currently
operating franchise stores.
About Jamba, Inc.
Jamba, Inc. (NASDAQ:JMBA) is a holding company and through its
wholly-owned subsidiary, Jamba Juice Company, owns and franchises
JAMBA JUICE® stores. Founded in 1990, Jamba Juice is a leading
restaurant retailer of better-for-you food and beverage offerings,
including great tasting fruit smoothies, juices, and teas, hot
oatmeal made with organic steel cut oats, wraps, salads,
sandwiches, and California Flatbreads™, and a variety of baked
goods and snacks. As of April 20, 2010, Jamba Juice had 745
locations consisting of 458 company-owned and operated stores and
287 franchise stores. For the nearest location or a complete menu,
visit the Jamba Juice website at www.jambajuice.com or call
1-866-4R-FRUIT (473-7848).
About SPC Group
SPC Group, founded in 1945 has grown into a food specialty
company based on baking technology and know-how accumulated over 65
years. Today, SPC operates over 4,500 stores and is actively
developing franchises and its bakery business through affiliates
such as Paris Croissant, BR Korea (Baskin Robbins, Dunkin’ Donuts),
Shany and Samlip General Foods. SPC has grown into a global company
through its affiliates SPC Logistics, SPC Capital, and local
corporations in China and the United States.
Forward-looking Statements
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incorporated by reference herein) contains “forward-looking
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that have not yet occurred, is a forward-looking statement.
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risks, uncertainties and assumptions that are difficult to predict.
Therefore actual results may differ materially and adversely from
those expressed in any forward-looking statements. Factors that
might cause or contribute to such differences include, but are not
limited to, those discussed under the section entitled “Risk
Factors” in our reports filed with the SEC. Many of such factors
relate to events and circumstances that are beyond our control. You
should not place undue reliance on forward-looking statements. The
Company does not assume any obligation to update the information
contained in this press release.
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