Jamba, Inc. Announces Refranchising and Development Agreement in Chicago Market
June 21 2017 - 8:30AM
Business Wire
Jamba, Inc. (NASDAQ:JMBA), announced today, current franchisee,
SuSu Hospitality Group, LLC, has acquired 13 Company-owned stores
and signed a 10-unit development agreement, to nearly double
Jamba’s footprint in the Chicago market.
“Jamba accelerated its shift to an asset-light, franchise
focused business model in 2014 to create shareholder value,” said
Dave Pace, President and Chief Executive Officer of Jamba, Inc.
“When I started as CEO last year, we identified the Chicago market
as the final step necessary to complete that journey. With today’s
announcement, I am pleased to share the asset light transition is
substantially complete.”
Pace continued, “It was important to find the right partner to
continue our growth in Chicago. SuSu Hospitality Group shares our
mission to inspire and simplify healthy living and has a proven
track record of operating excellence, making them an ideal
partner.”
SuSu Hospitality Group, LLC is an incubator, investor and
operator of extraordinary food concepts. With the acquisition of 13
stores complete, SuSu Hospitality Group, LLC now franchises 15
Jamba Juice locations across Illinois and Ohio.
"We are delighted to expand our market presence and strengthen
our relationship with the Jamba brand,” said Sunil Bedi, Chief
Executive Officer of SuSu Hospitality Group, LLC. “Jamba’s fresh,
hand-crafted blends offer guests convenient, great tasting and
nutritious options that complement the active lifestyle in Chicago.
We look forward to the long-term growth of Jamba in this market,”
added Suchita Bedi, President of SuSu Hospitality Group, LLC.
Jamba is currently awarding domestic and international
franchise opportunities. For more information, please
visit http://www.jambajuice.com/company-info/franchise-opportunities.
About Jamba, Inc.
Jamba, Inc. (NASDAQ: JMBA) through its wholly-owned subsidiary,
Jamba Juice Company, is a healthful, active lifestyle brand with a
robust global business driven by a portfolio of franchised and
company-owned Jamba Juice ® stores and Jamba Juice Express™
formats. Jamba Juice ® is a leading restaurant retailer of
“better-for-you” specialty beverage and food offerings which
include flavorful, whole fruit and vegetable smoothies, fresh
squeezed juices and juice blends, Energy Bowls™, signature
“boosts”, shots and a variety of food items including: hot oatmeal,
breakfast wraps, sandwiches, Artisan Flatbreads™, baked goods and
snacks.
There are over 900 Jamba Juice store locations globally, as of
January 3, 2017. For more information visit www.jambajuice.com or
contact Jamba’s Guest Services team at 1-866-4R-FRUIT
(473-7848).
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version on businesswire.com: http://www.businesswire.com/news/home/20170621005024/en/
ICRDara Dierks, (203) 682-8200investors@jambajuice.com
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