Diedrich Coffee sells Gloria Jean’s franchise

IRVINE Calif. Diedrich Coffee Inc. has agreed to sell the domestic franchise operations for the Gloria Jean’s Coffees brand for $3.1 million to Praise International North America Inc., the U.S. master franchisee for the brand.

The company said Monday that the transaction is expected to close within 60 days. It is part of an ongoing strategy by Diedrich Coffee to focus exclusively on the expansion of its specialty coffee wholesale business, officials with the I

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