Magic Brands, LLC Receives Approval To Reject Interim Management And Sale Agreements With R.J. Management In Minnesota

Business Wire:

Magic Brands, LLC, parent of Fuddruckers and Koo Koo Roo restaurant brands, announced today that it has received bankruptcy court approval to reject the 2007 agreements related to the interim management and contemplated sale of its Minnesota restaurants to R.J. Management LLC.

“We are pleased with the court’s ruling and its recognition of the fact that the Minnesota restaurants are and always have been corporate-owned locations, not franchises,” said CEO Peter Large. “This was a unique situation that does not affect our franchised restaurants. Magic Brands continues to be committed to and supportive of its relationship with franchisees.”

Featured Opportunities

Related Stories