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Friday, May 17, 2019

Cinnabon (first store outside mall)

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 gas stations, universities, rapid transit stations, casinos, and amusement parks. Cinnabon was bought by AFC Enterprises, Inc. in 1998 for $65 million. 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. The headquarters moved to Greater Atlanta in 1999.