Bob Evans To Sell Mimi's Cafe
Bob Evans Farms Inc. has agreed to sell the 145-unit casual-dining Mimi’s Café to Le Duff America Inc. for $50 million. Columbus, Ohio-based Bob Evans said the sale to the Dallas-based division of Groupe LeDuff would allow it to focus on its 565 family Bob Evans restaurants. LeDuff America, which owns and franchises the Bruegger’s Bagels, Brioche Doree and La Madeleine Country French Café concepts, as well as the Timothy’s Coffee and Michel’s Baguette brands, agreed to pay $20 million in cash and note of $30 million. The company expects the sale to be completed in 45 days.