Deal snapshot: Former Albertsons CEO Acquires Stake in The Peach Cobbler Factory.

MANews-(C)2009-2022

US businessman Lawrence R. Johnston, former chairman and CEO of US-based grocery store operator Albertsons Inc. (NYSE: ACI) has acquired a "major" stake in US-based dessert franchise The Peach Cobbler Factory Franchise Company LLC, Johnson said.

In this deal, Johnston will form a partnership with Greg George the Peach Cobbler Factory's CEO to assist in accelerating the company's...

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