Asset Bankruptcy Auction Deadline Set for Week of June 27, 2011
ATLANTA, Ga. (RestaurantNews.com) Arlington Capital Advisors announced today that it has been retained and will run a sale process for Mrs. Winner’s. The process will result in an auction for all of the assets of Famous Recipe Company Operations, LLC and the related intellectual property and franchise operations of Winners International Restaurant Franchise Services, Inc. The company filed for Chapter 11 bankruptcy protection in November 2010 (case no. 10-94027). The Sellers are soliciting Stalking Horse bids by June 3, 2011, and upon selection of a Stalking Horse bid, will accept competing bids until June 23, 2011. Prospective buyers may also meet with company management and tour store locations prior to June 23, 2011. The final auction among the Stalking Horse bidder and any other qualified bidders will be held in Atlanta, Georgia the week of June 27, 2011. The parties will then seek Bankruptcy Court approval of the final bid and close immediately thereafter.
“Well-recognized brand with a legacy of great food”
“Mrs. Winner’s is a well-recognized brand with a legacy of great food,” said Vann Russell, Managing Director of Arlington Capital Advisors. He added, “The Company has invested significant resources developing a revitalization plan which includes a redesign of its restaurants and a refocused menu offering. With its revitalization plan and its strong brand legacy, the Company is well position for future re-energized growth. There are also significant growth opportunities through non-traditional and international markets.”
For further information on the auction process, please contact Arlington Capital Advisors at 205-488-4395.
About Arlington Capital Advisors
Arlington Capital Advisors, LLC is a boutique investment banking firm that provides M&A and other financial advisory services to middle market businesses across an array of industry sectors. Arlington is headquartered in Birmingham, Al. For more information, please visit www.arlingtoncapitaladvisors.com.
Contacts
Arlington Capital Advisors, LLC
Perry Still
205.488.4395
pstill@arlingtoncapitaladvisors.com