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Jamba Juice

Financing

Focus Brands CEO Jim Holthouser gets a tough introduction to restaurants

The former Hilton executive, who took the job two weeks before the pandemic hit, leans on his hotel experience, and sees parallels between the two industries.

Financing

Cinnabon, Auntie Anne’s parent company lays off workers

Focus Brands, which also owns Jamba, McAlister’s Deli and several other brands, is offering relief pay and deferring or waiving franchisees’ fees.

The operator of Auntie Anne’s, Cinnabon and other concepts named the former Hilton executive to replace the retiring Steve DeSutter.

The 29-year-old brand is changing its name, menu and design.

Get Top 500 data: sales, units and YOY change, average unit volume, and company/franchise units, as well as Technomic’s analysis, growth forecast and more.

Shivram Vaideeswaran was named CMO amid management changes.

The watchdog group has filed a class action against the chain, alleging it doesn’t disclose enough about what’s in its smoothies.

They join seven major chains that agreed last month to stop the practice, under threat of a lawsuit.

Focus Brands is paying $13 per share for the 800-unit juice chain.

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