Raving Brands Sells Moe's Southwest Grill

Goodbye Raving. Hello FOCUS. Buyer Will Transfer Moe's Restaurants in '07

Editor's Note: Breaking story this morning by QSR Magazine that confirms allegations in a recent franchisee lawsuit that Raving Brands had been preparing to sell the chain.

Raving Brands president Steve LeMastra in a conference call with Moe's franchisees told operators the company signed a definitive agreement with FOCUS over the weekend. LeMastra mentioned that Raving Brands has been in discussions with Focus on a potential sale for over a year, a point that some franchisees had brought up in a recent lawsuit. The network will be brought into the FOCUS family by the end of the year. [Read the full details at QSR Magazine]