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Wing Zone, a fast casual concept with 31 locations across the U.S. offering made-to-order chicken wings. The deal was announced early January and terms were not disclosed. The merger creates a company that attained more than $100 million in sales in 2020 in 150 markets worldwide, according to a press release. As part of the deal, Capriottiâs CEO Ashley Morris will become head of Wing Zone, which launched in 1993. Sandwich chain Capriottiâs has 115 restaurants and opened its first corporate ghost kitchens in 2020. Both brands plan to boost off-premises business in 2021. FAT Brands merged with its largest shareholder, Fog Cutter Capital, in a corporate restructuring that removes restrictions and allows the parent of ....
JM Family Enterprises Subsidiary Home Franchise Concepts Adds Kitchen Tune-Up to its Family of Brands JM Family Enterprises Subsidiary Home Franchise Concepts Adds Kitchen Tune-Up to its Family of Brands Deerfield Beach, Fla., Dec. 17, 2020 Home Franchise Concepts, a subsidiary of JM Family Enterprises, has entered into an agreement to acquire Kitchen Tune-Up, an impressive and growing franchise company specializing in affordable kitchen updates through its network of 135 individual franchisees in 202 territories across the U.S. JM Family and Home Franchise Concepts are focused on empowering the experienced team at Kitchen Tune-Up to continue to grow and provide value to its franchise network. This sale will provide Kitchen Tune-Up with additional resources such as expanded operational, technology and marketing support to continue to grow its reach while surpassing customer expectations. ....
Terms of the acquisition were not disclosed. Kitchen Tune-Up becomes the fifth brand in the Home Franchise Concepts portfolio, joining Tailored Living featuring PremierGarage, Budget Blinds, Concrete Craft and AdvantaClean. Headquartered in Irvine, California, Home Franchise Concepts is a subsidiary of JM Family Enterprises. According to a statement by Home Franchise Concepts and JM, the acquisition will provide Kitchen Tune-Up with additional resources, including expanded operational, technology and marketing support to continue its market growth. “In adding Kitchen Tune-Up to our portfolio, we are strategically leveraging the strong culture and core competencies we’ve developed in our 50-year history working directly with the franchise model,” said Brent Burns, president and CEO of JM Family. “We feel there is great synergy between our companies and look forward to utilizing our combined talents to ensure continued success and growth for the franchisees.” ....
Press release content from Globe Newswire. The AP news staff was not involved in its creation. JM Family Enterprises Subsidiary Home Franchise Concepts Adds Kitchen Tune-Up to its Family of . JM Family EnterprisesDecember 17, 2020 GMT Deerfield Beach, Fla., Dec. 17, 2020 (GLOBE NEWSWIRE) Home Franchise Concepts, a subsidiary of JM Family Enterprises, has entered into an agreement to acquire Kitchen Tune-Up, an impressive and growing franchise company specializing in affordable kitchen updates through its network of 135 individual franchisees in 202 territories across the U.S. ADVERTISEMENT JM Family and Home Franchise Concepts are focused on empowering the experienced team at Kitchen Tune-Up to continue to grow and provide value to its franchise network. This sale will provide Kitchen Tune-Up with additional resources such as expanded operational, technology and marketing support to continue to grow its reach while surpassing customer expectations. ....