13.04.2015 14:46:16
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Jamba Intends To Further Accelerate Refranchising Initiative - Quick Facts
(RTTNews) - Jamba Inc. (JMBA) announced that it plans to further accelerate their refranchising initiative with a goal of becoming a 90% plus franchise-to-company-owned model by the end of fiscal year 2015.
Earlier this month the company announced its entry into an agreement for the refranchising of 100 Company-owned stores to Vitaligent, LLC. The Company expects that with this further accelerated program, the Company's refranchising initiative will generate between $55 - $75 million of cash proceeds in 2015 in the aggregate.
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