• Inno-Pac agrees to sell Shakey's Pizza chain to Jacmar Cos.

    Tags: Shakey's

LOS ANGELES—Singapore-based Inno-Pacific Holdings has agreed to sell its 61-unit Shakey's Pizza chain to The Jacmar Companies for $4.5 million.

According to an announcement made by Inno-Pacific, the sale effectively puts to rest a class-action lawsuit filed in December 2002 by 20 franchisees against Shakey's Inc. In the announcement, Inno-Pacific denied any wrongdoing on behalf of Shakey's, Inc.

Jacmar operates 19 Shakey's restaurants in California. In 2001 Jacmar president Randy Hill told PizzaMarketplace that his company would leave the Shakey's system if Inno-Pacific still owned the chain when Jacmar's franchise agreement expired in 2005.

PizzaMarketplace will continue updating this developing story.

To read related Shakey's stories, click here.

 

 

Related Content

User Comments – Give us your opinion!
Products & Services

Cured Meats

http://global.networldalliance.com/new/images/products/6791.png

6791/Cured-Meats

PeopleMatter LEARN™

http://global.networldalliance.com/new/images/products/4627.png

4627/PeopleMatter-LEARN

Supply Chain Management

http://global.networldalliance.com/new/images/products/6405.png

6405/Supply-Chain-Management

Enterprise Solutions

http://global.networldalliance.com/new/images/products/4124.png

4124/Enterprise-Solutions

Group Purchasing Services

http://global.networldalliance.com/new/images/products/6403.png

6403/Group-Purchasing-Services

PCI Compliance Services

http://global.networldalliance.com/new/images/products/4892.png

4892/PCI-Compliance-Services

Restaurant Sales Builder

http://global.networldalliance.com/new/images/products/4286.png

4286/Restaurant-Sales-Builder

Quad Core Menu Board Media Player - $199

http://global.networldalliance.com/new/images/products/6679.png

6679/Quad-Core-Menu-Board-Media-Player-199

Luzianne iced tea

http://global.networldalliance.com/new/images/products/6957.png

6957/Luzianne-iced-tea

Restaurant Digital Signage Advertising Network

http://global.networldalliance.com/new/images/products/6691.png

6691/Restaurant-Digital-Signage-Advertising-Network

Digital Menu Boards and ROI
Request Information From Suppliers
Save time looking for suppliers. Complete this form to submit a Request for Information to our entire network of partners.