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Employee Outreach, Culture are Key Ingredients to Successful DEI Strategy

Employee Outreach, Culture are Key Ingredients to Successful DEI Strategy
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Roark Capital Buys Nothing Bundt Cakes

Roark Capital Buys Nothing Bundt Cakes Roark Capital has purchased Nothing Bundt Cakes Holdings LLC from Levine Leichtman Capital Partners, a Los Angeles-based private equity firm. Nothing Bundt Cakes is a franchisor and operator of gourmet bakeries offering specialty Bundt cakes and retail gift items. Matthew Frankel, managing partner of LLCP, said, “The Nothing Bundt Cakes investment has been very successful for LLCP, with exceptional same-store sales growth and robust franchise development. This was driven by the efforts of the Company’s management team along with value creation initiatives, including technological enhancements, menu innovation, supply chain improvements, and the introduction of corporate stores through both strategic M&A and de novo openings. We are grateful for everything the management team and founder, Dena Tripp, have done to create value for its shareholders, bakery owners, and guests. We wish the team all the best in their next chapter.”

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