|
|
Article: Jenny Craig adds 100 outlets; no acquisition yet.
- Article from:
- San Diego Business Journal
- Article date:
- February 19, 1990
- Author:
CopyrightCOPYRIGHT 1990 CBJ, L.P. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Jenny Craig adds 100 outlets; no acquisition yet
Revising its earlier plan to acquire another company, Jenny Craig International has used the $100 million in venture capital it received last July to add almost 100 stores nationwide.
Jenny Craig, the Solana Beach-based weight-loss giant, planned to add another 150 stores and delve into a new venture. While the plan to add to the store count has continued on track, the company still has not announced which company it sees as an acquisition target, said Jim Mallen, Jenny Craig's chief financial officer.
"Other deals have been looked at, but nothing has been decided yet," Mallen said.
Rumors ...