Retail

Yum Brands franchisee Ampex Brands buys Au Bon Pain

0


The entrance to Au Bon Pain at the MBK Center.

Jeff Greenberg | Universal Images Group | Getty Images

The franchisee has now become the franchisor.

Ampex Brands, which operates more than 400 Pizza Hut, KFC, Taco Bell, Long John Silver’s and 7-Eleven locations in the U.S., announced Wednesday that it bought the bakery-cafe chain Au Bon Pain.

“Our [quick-service restaurant] brands performed extraordinarily well throughout the pandemic as guests moved to drive-thru,” Ampex CEO Tabbassum Mumtaz said in a statement. “That performance allowed us to diversify and jump on a great opportunity to reposition a legacy brand. The bakery café category will rebound, and Au Bon Pain is well-positioned to…



Source cnbc.com

0 0 votes
Article Rating

As housing boom begins to fizzle, weekly mortgage demand falls

Previous article

Oil prices could skyrocket if OPEC+ fails in pledge to deliver more supply

Next article

You may also like

Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments

More in Retail