La Madeleine Completes Second Stage of Refranchising

August 31, 2017

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La Madeleine French Bakery & Cafe successfully completed the second phase of its refranchising program with the sale of its Atlanta restaurants this week. San Antonio-based R. Hakim Corp., led by Vice President Kyle Hakim, purchased the three bakery-cafes and has committed to opening 15 additional locations in Atlanta and North Carolina.

The deal comes just weeks after la Madeleine announced the purchase of 26 locations in Houston, Austin and Louisiana by HZ LM Casual Foods, with secured development rights to open 57 additional locations.