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 growth forward into the future.
The Peach Cobbler Factory was founded in 2013 by Juan and Tamira Edgerton. In July 2021 the founders partnered with 25-year franchise industry veteran Greg George.
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