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.
â€œWe are pleased with the courtâ€™s ruling and its recognition of the fact that the Minnesota restaurants are and always have been corporate-owned locations, not franchises,â€ said CEO Peter Large. â€œThis 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.â€
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