Jamba Juice Announces 20 Store Michigan Expansion Plan
July 11 2016 - 6:28PM
Business Wire
Jamba® Enters Deal with Experienced Franchise
Group as Growth Continues in U.S. East
Jamba Juice (NASDAQ:JMBA), a leading health and wellness brand,
announced today that as part of its ongoing east coast expansion it
has entered a development agreement that will yield twenty (20) new
locations in the greater Detroit market. The agreement was reached
with Kevin Denha and Omar Ammori, industry franchising leaders and
includes an accelerated growth plan over the first 3 years of the
8-year deal.
Mr. Ammori, a former Fuddruckers franchisee and a co-founder of
Wireless Vision, owns and operates 260 T-Mobile stores across 15
U.S. states. Mr. Denha has expansive real estate holdings and is
also a co-founder of Wireless Vision. Both are highly respected in
the industry and bring a wealth of experience to Jamba.
“We’re thrilled to partner with Kevin and Omar as we continue to
expand our great brand across the U.S.,” said Dave Pace, CEO and
president, Jamba Juice. “Kevin and Omar are world-class franchisees
who bring a high level of franchise and operating expertise; more
importantly, we are aligned in our commitment to simplify and
inspire healthy living with our brand and our Company. They are a
welcome addition to the Jamba franchise community.”
Per the terms of the Agreement, Mr. Denha and Mr. Ammori plan to
open five (5) locations in Meijer stores in Metro Detroit, and an
additional three (3) traditional Jamba stores by the end of
2017.
About Jamba, Inc. Jamba, Inc., owns and franchises Jamba
Juice® stores through its wholly-owned subsidiary, Jamba Juice
Company. Jamba Juice Company is a leading restaurant retailer of
better-for-you, specialty beverage and food offerings, which
include great tasting, whole fruit smoothies, fresh-squeezed juices
and juice blends, hot teas and a variety of food items including,
hot oatmeal, breakfast wraps, sandwiches, Artisan Flatbreads™,
Energy Bowls™, baked goods and snacks. As of March 29, 2016, there
were 885 store locations globally. There were 68 Company-owned and
operated stores and 752 Franchise-operated stores in the United
States, and 65 Franchise-operated international stores. Jamba Juice
Company expanded the Jamba® brand by direct selling of consumer
packaged goods (“CPG”) and licensing its trademarks. CPG products
for at-home enjoyment are also available online, through select
retailers across the nation and in Jamba® outlets in the United
States.
Fans of Jamba Juice® can find out more about Jamba Juice's
locations as well as specific offerings and promotions by visiting
the Jamba Juice website at www.jambajuice.com or by contacting
Jamba’s Guest Services team at 1-866-4R-FRUIT (473-7848).
View source
version on businesswire.com: http://www.businesswire.com/news/home/20160711006435/en/
ICRDara Dierks,
203-682-8200investors@jambajuice.comorJamba JuiceMike
Fuccillo, 510-596-0100, X-7Dir. Corporate
Communicationsmfuccillo@jambajuice.com
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