Jamba Juice to refranchise 100 units for $36M

Jamba Juice to refranchise 100 units for $36M

Buyer Vitaligent LLC to acquire locations in some California markets

Jamba Inc. has signed an agreement to sell 100 company-owned units in California to an existing franchisee for $36 million, the company said Wednesday.

The buyer, Vitaligent LLC, is a St. Louis-based franchise group led by David Peacock, former president of InBev subsidiary Anheuser-Busch. After the deal closes, Vitaligent will own 105 Jamba Juice locations, including the 100 units in the San Francisco, San Diego and Sacramento markets under the agreement.

“We are exci

Register to view the full article

Register to view this article

Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish