Jamba Juice Announces 20 Store Michigan Expansion Plan
Jamba® Enters Deal with Experienced Franchise Group as Growth Continues in U.S. East
EMERYVILLE, Calif. - (BUSINESS WIRE) - July 11, 2016 - 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 toJamba.
“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 atwww.jambajuice.com or by contacting Jamba’s Guest Services team at 1-866-4R-FRUIT (473-7848).
SOURCE Jamba Juice
Dir. Corporate Communications