The Atlanta Journal-Constitution:
Atlanta-based Raving Brands sold 2 of its brands in the past year, announced an agreement to sell a third and has several lawsuits pending from disgruntled franchisees.
In an interview this week, though, Raving Chief Executive Officer Martin Sprock said his company is undeterred in its efforts to build new franchise concepts.
Raving, former owner of Moe’s Southwest Grill, has 6 brands left - Planet Smoothie, Doc Green’s, Shane’s Rib Shack, Flying Biscuit, Boneheads and Monkey Joe’s.
One or more of those could be sold in the next 12 to 18 months, Sprock said. But Raving likely will launch a new brand, too, he said.
The company also is considering changing its name for a fresh start from the negative press attracted by the lawsuits, he said.
Stark Raving CEO Martin Sprock on How to Handle Franchise Lawsuits on May 13th, 2008 at 12:01 pm
[…] Dane Carlson reports that the Atlanta Journal Constitution reports that despite franchisee failures and […]