Raving Brands sells Shane’s Rib Shack, Planet Smoothie

ATLANTA Multiconcept franchisor Raving Brands said Thursday it has shed two more of its concepts with the sale of Shane's Rib Shack and Planet Smoothie to private-equity firm Edmonds Capital LLC and the brands’ management teams.

Both Shane’s, an 80-unit fast-casual barbecue chain, and Planet Smoothie, a 125-unit quick-service smoothie concept, will operate under the newly created holding company of Petrus Brands Inc., based in Atlanta. Other details of the deal

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