Jimmy John’s
Jimmy John’s was bought out by Inspire Brands, which announced the deal was closed in October this year. The CEO of the parent company, Paul Brown, spoke to CNBC about his company being “very selective” about the next move of the sandwich chain. Even though Jimmy John’s now belongs to America’s fourth-largest restaurant business, it has closed down stores on the East Coast and Midwest. There was also a CEO shakeup when the company’s head of sales resigned in September of 2019.
Jimmy John’s
Cici’s Pizza
CiCi’s Pizza has closed all its branches in New York. In total, the Texas-based brand has shut down almost one-tenth of all its restaurants because of low sales. Arlon Group bought the company in 2016, with buyout happening in a secret deal. Although that was a big shakeup, the pizza buffet chain kept Darin Harris, its original CEO, and it still has branches in 33 states (440 locations, many of which are franchises). For now, it is keeping its next moves quiet.
Cici’s Pizza
