Jamba Juice Announces Additional Progress On Refranchising Initiative

QSR magazine:

Jamba, Inc., today announced the sale of 25 restaurants in Washington to existing franchisee, Prudence Swann, principal of PB Swann, LLC. The agreement includes a commitment to further expand the Jamba Juice brand by developing two additional stores in the Seattle market.

“The completion of the sale of 81 restaurants is a huge accomplishment for our Company. Our team has been working hard on this initiative and it’s clearly paying off. We fully expect to have the refranchising initiative completed by the close of 2010”.

“With the choices in restaurant franchises available for investment, we are thrilled that PB Swann, one of our existing franchise operators, has chosen to expand her relationship with us. Prudence is a first class operator and her investment speaks to her belief in the strength and growth potential of the Jamba brand,” said Thibault de Chatellus, Senior Vice President, Global Franchise and Development, Jamba Juice Company.

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