The co-owners of the Garbanzo Mediterranean Fresh fast-casual chain have made a “substantial investment” in the bakery-cafe brand La Boulangerie de San Francisco, the companies announced Monday.
The investment will focus on expanding the two brands into new and existing markets while also developing new concepts and future acquisitions. Financial terms were not disclosed.
“Today’s announcement is just the first step in an incredible journey that we are embarking on together,” Pascal Rigo, La Boulangerie’s founder, said in a statement. “And that is great news for fans of fresh, high-quality and approachable French and Mediterranean cuisine.”
Eight-unit La Boulangerie—which started as Pine Street Bakery and later became La Boulange—was sold to Starbucks in 2012. Three years later, the coffee chain shuttered the concept, and Rigo reopened it under its current name.
Current La Boulangerie CEO Nicolas Bernadi will remain in his role, as will Garbanzo CEO James Park.
Colorado-based Garbanzo currently has 28 units.
Members help make our journalism possible. Become a Restaurant Business member today and unlock exclusive benefits, including unlimited access to all of our content. Sign up here.