Twin Peaks To Sell Controlling Interest to Largest Franchisee
La Cima Restaurants agrees to acquire majority stake in 78-Unit Company
Dallas, TX (RestaurantNews.com) Twin Peaks announced that it has agreed to sell a majority interest in the company to its largest franchise group, Atlanta-based La Cima Restaurants, which currently owns and operates 15 Twin Peaks sports lodges across six southern states. Terms of the acquisition were not disclosed.
Following a brief transition, Twin Peaks CEO Starlette Johnson will pass the reins to Joe Hummel, currently La Cima’s Chief Operating Officer, who will step in as Twin Peaks CEO. Hummel will report to the Twin Peaks board of directors,