GIGL is obviously screening for acquisition target
Post# of 3935
(Total Views: 280)
Posted On: 04/24/2017 7:12:57 PM
GIGL is obviously screening for acquisition targets
1) resp. companies that can distribute and manufacture their clothing and food lines...
Quote:This relationship with PacificShore could help us jump-start this segment of our business,” commented Joey Parsi, CEO. “Acquisition targets that we plan to look at could include food companies, with established distribution, that expedite the launch of our frozen food line of pizzas, pastas, and other kids’ meals in which we infuse healthiness by pureeing vegetables and hiding it in kids favorite meals, similar to what California Pizza Kitchen and Wolfgang Puck have done with their frozen meals that are available at the local supermarket.”
2) smaller restaurant chains with existing location that can be turned into giggles and hugs locations (that already have structure, equipment, STAFF?!)
Quote:Because of the generous tenant improvements we are being offered by the biggest mall owners in the country, our focus is and will remain with opening new locations where mall owners pay for most if not all the build out costs, however we could also look at other play spaces that host birthday parties, children’s clothing companies, toy manufacturers, or even other restaurant concepts that could be either synergistic and or easily converted to a Giggles N Hugs location,” Parsi stated. "Our current plan is to have the existing management teams of any acquired company stay in place so that we are not distracted from our priority of growing our footprint.”
1) resp. companies that can distribute and manufacture their clothing and food lines...
Quote:This relationship with PacificShore could help us jump-start this segment of our business,” commented Joey Parsi, CEO. “Acquisition targets that we plan to look at could include food companies, with established distribution, that expedite the launch of our frozen food line of pizzas, pastas, and other kids’ meals in which we infuse healthiness by pureeing vegetables and hiding it in kids favorite meals, similar to what California Pizza Kitchen and Wolfgang Puck have done with their frozen meals that are available at the local supermarket.”
2) smaller restaurant chains with existing location that can be turned into giggles and hugs locations (that already have structure, equipment, STAFF?!)
Quote:Because of the generous tenant improvements we are being offered by the biggest mall owners in the country, our focus is and will remain with opening new locations where mall owners pay for most if not all the build out costs, however we could also look at other play spaces that host birthday parties, children’s clothing companies, toy manufacturers, or even other restaurant concepts that could be either synergistic and or easily converted to a Giggles N Hugs location,” Parsi stated. "Our current plan is to have the existing management teams of any acquired company stay in place so that we are not distracted from our priority of growing our footprint.”
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