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The sandwich chain has secured $16 million in funding and has a new line of credit.
Brandon Rhoten had served as chief marketing officer at the struggling sandwich chain since June 2018.
The struggling sandwich chain’s landlord says it is owed more than $800,000 in back rent and other fees.
Matthew Revord has been with the sandwich chain for nearly 14 years.
The sandwich chain has lowered its store closure projections but, with revenue down more than 30% in Q3, it is making plans to lay off corporate staff and cut costs.
With off-premise orders skyrocketing during the pandemic, which chains are doing the best job of delivering quality food?
The struggling sandwich chain returned its PPP money last spring but opted to accept a loan during the second funding round to help it stay afloat.
The fast-casual sandwich chain said it has resolved issues that caused it to send out a going concern warning in May.
Wright takes over at the struggling sandwich brand from Alan Johnson.
180 Degree Capital called the company’s performance “unacceptable” even with the pandemic, says RB’s The Bottom Line.