AFC Mulls Cinnabon Sale

1 min read
Opinions expressed by Entrepreneur contributors are their own.

Atlanta-AFC Enterprises Inc. said it would "explore strategic alternatives" for its Cinnabon chain, including a possible sale of the 617-store subsidiary. AFC, which also owns and franchises Popeyes Chicken & Biscuits and Church's Chicken, said the move was part of efforts to "sharpen its strategic focus and maximize shareholder value."

The Cinnabon World Famous Bakery & Coffee brand, which AFC acquired in 1998, has more than 10,000 licensed points of sales in addition to its corporate-owned and franchised outlets. Cinnabon also owns the international franchise rights for Seattle's Best Coffee in 11 countries, Hawaii and at U.S. military bases. Those assets would be part of any transaction, AFC stated.

AFC's board hired New York-based Bear Stearns & Co. to advise on alternatives and a possible sale.

More from Entrepreneur

Jason's expertise and experience can help you with storytelling, motivation, and pitching your business to media.
Book Your Session

For a limited time only, get this bundle of Entrepreneur PressĀ® titles for less than $30 (60% OFF) on our bookstore when you use "LEAP" at checkout.
Buy Now

Are paying too much for business insurance? Do you have critical gaps in your coverage? Trust Entrepreneur to help you find out.
Get Your Quote Now

Latest on Entrepreneur

My Queue

There are no Videos in your queue.

Click on the Add to next to any video to save to your queue.

There are no Articles in your queue.

Click on the Add to next to any article to save to your queue.

There are no Podcasts in your queue.

Click on the Add to next to any podcast episode to save to your queue.

You're not following any authors.

Click the Follow button on any author page to keep up with the latest content from your favorite authors.