Cinnabon

Cinnabon, Inc.
Subsidiary
Industry Restaurants
Founded Seattle, Washington (1985)
Headquarters Sandy Springs, Georgia, U.S.
Key people
 Kat Cole
Products Cinnamon rolls
Coffee
Churros
Milkshakes
Parent Focus Brands
Website cinnabon.com
A typical Cinnabon

Cinnabon is an American chain of baked goods stores and kiosks, normally found in areas with high pedestrian traffic such as malls and airports. The company's signature item is a large cinnamon roll. As of July 2009, over 750 Cinnabon bakeries were operating in more than 30 countries.[1] Its headquarters are in Sandy Springs, Georgia.[2][3] The company is owned by Focus Brands, an affiliate of private equity firm Roark Capital Group.[4] The President & Chief Operating Officer is currently Kat Cole, who worked her way up from serving as a waitress at a fast casual chain to President & COO of Cinnabon before age 35.[5]

History

The first Cinnabon opened on December 4, 1985, Federal Way, Washington at SeaTac Mall, now The Commons at Federal Way. Cinnabon was an offshoot of the Seattle Based Restaurants Unlimited restaurant chain Majority owned by Rich Komen with minority partner and CEO Ray Lindstrom at the helm. Mr. Komen and Mr. Lindstrom wanted to create the perfect cinnamon roll, eventually hiring Jerilyn Brusseau to finalize the iconic recipe. The first bakery began by serving only its Cinnabon Classic cinnamon roll. Cinnabon's first franchise-operated store opened in August 1986 in Philadelphia. In 1991, the first Cinnabon store outside a mall was opened in Detroit Metropolitan Wayne County Airport. Cinnabon stores today can also be found in military bases, universities, rapid transit stations, casinos, and amusement parks.

Cinnabon was bought by AFC Enterprises, Inc. in 1998 for $65 million.[6] In 2004, AFC Enterprises, Inc., sold Cinnabon for $30.3 million to FOCUS Brands, Inc., which is owned by the Atlanta-based private equity firm Roark Capital Group.[7][8] The headquarters moved to Greater Atlanta in 1999.[2]

International locations

Cinnabon at Legoland Windsor in the United Kingdom

Cinnabon has many international franchise operations:

See also

References

  1. ↑ About Us. focusbrands.com
  2. 1 2 "Cinnabon At-A-Glance." Cinnabon. Retrieved on February 25, 2010.
  3. ↑ "City Council Districts." City of Sandy Springs. Retrieved on July 4, 2009.
  4. ↑ Focus Brands To Buy Cinnabon From AFC Enterprises. New York Times, September 9, 2004
  5. ↑ "Best Business Leaders 2013 – Business Insider". Business Insider. November 19, 2013.
  6. ↑ "NY Times: AFC Enterprises to Purchase Cinnabon International". The New York Times. August 19, 1998. Retrieved July 1, 2009.
  7. ↑ "NY Times: Focus Brands to Buy Cinnabon from AFC Enterprises". The New York Times. September 9, 2004. Retrieved July 1, 2009.
  8. ↑ "Roark Capital Group :: Portfolio Companies". roarkcapital.com.
  9. ↑ "Libya Herald: Tripoli's Cinnabon sales on a sugar high". December 29, 2012. Retrieved January 3, 2013.
  10. ↑ http://www.thepointmalta.com/stores/cinnabon
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