FRISCO, Texas--(BUSINESS WIRE)--Jun. 21, 2017--
Jamba, Inc. (NASDAQ:JMBA), announced today, current franchisee, SuSu
Hospitality Group, LLC, has acquired 13 Company-owned stores and signed
a 10-unit development agreement, to nearly double Jamba’s footprint in
the Chicago market.
“Jamba accelerated its shift to an asset-light, franchise focused
business model in 2014 to create shareholder value,” said Dave Pace,
President and Chief Executive Officer of Jamba, Inc. “When I started as
CEO last year, we identified the Chicago market as the final step
necessary to complete that journey. With today’s announcement, I am
pleased to share the asset light transition is substantially complete.”
Pace continued, “It was important to find the right partner to continue
our growth in Chicago. SuSu Hospitality Group shares our mission to
inspire and simplify healthy living and has a proven track record of
operating excellence, making them an ideal partner.”
SuSu Hospitality Group, LLC is an incubator, investor and operator of
extraordinary food concepts. With the acquisition of 13 stores complete,
SuSu Hospitality Group, LLC now franchises 15 Jamba Juice locations
across Illinois and Ohio.
"We are delighted to expand our market presence and strengthen our
relationship with the Jamba brand,” said Sunil Bedi, Chief Executive
Officer of SuSu Hospitality Group, LLC. “Jamba’s fresh, hand-crafted
blends offer guests convenient, great tasting and nutritious options
that complement the active lifestyle in Chicago. We look forward to the
long-term growth of Jamba in this market,” added Suchita Bedi, President
of SuSu Hospitality Group, LLC.
Jamba is currently awarding domestic and international franchise
opportunities. For more information, please visit http://www.jambajuice.com/company-info/franchise-opportunities.
About Jamba, Inc.
Jamba, Inc. (NASDAQ: JMBA) through its wholly-owned subsidiary, Jamba
Juice Company, is a healthful, active lifestyle brand with a robust
global business driven by a portfolio of franchised and company-owned
Jamba Juice ® stores and Jamba Juice Express™ formats. Jamba Juice ® is
a leading restaurant retailer of “better-for-you” specialty beverage and
food offerings which include flavorful, whole fruit and vegetable
smoothies, fresh squeezed juices and juice blends, Energy Bowls™,
signature “boosts”, shots and a variety of food items including: hot
oatmeal, breakfast wraps, sandwiches, Artisan Flatbreads™, baked goods
There are over 900 Jamba Juice store locations globally, as of January
3, 2017. For more information visit www.jambajuice.com
or contact Jamba’s Guest Services team at 1-866-4R-FRUIT (473-7848).
View source version on businesswire.com: http://www.businesswire.com/news/home/20170621005024/en/
Source: Jamba, Inc.
Dara Dierks, (203) 682-8200