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February 09, 2016 2:33 PM ET

Food and Staples Retailing

Company Overview of Jamba Juice Company, Inc.

Company Overview

Jamba Juice Company, Inc. operates and franchises stores that offer squeezed juices, fruit refreshers, smoothies, in-season items, bites, meals, hot tea, and boosts. It also provides juice catering services. Jamba Juice Company, Inc. was formerly known as Juice Club, Inc. and changed its name to Jamba Juice Company, Inc. in 1995. The company was founded in 1990 and is headquartered in Emeryville, California. It has stores in South Korea, the Philippines, Canada, Mexico, Missouri, Pennsylvania, California, the United Arab Emirates, Saudi Arabia, Bahrain, Oman, Kuwait, Qatar, and Taiwan. As of November 29, 2006, Jamba Juice Company, Inc. operates as a subsidiary of Jamba, Inc.

6475 Christie Avenue

Suite 150

Emeryville, CA 94608

United States

Founded in 1990

Phone:

510-596-0100

Fax:

510-653-0484

Key Executives for Jamba Juice Company, Inc.

Chairman, Chief Executive Officer and President
Age: 54
Founder and Director
Chief Financial & Administrative Officer, Principal Accounting Officer and Executive Vice President
Age: 54
Chief Marketing and Innovation Officer and Senior Vice President
Age: 49
Senior Vice President of International
Age: 55
Compensation as of Fiscal Year 2015.

Jamba Juice Company, Inc. Key Developments

Jamba Juice Opens First Location in Martinez, California

Jamba Juice is expanding in Contra Costa County, and opening a new store in the community of Martinez, California. The new store is the first Jamba Juice in Martinez, and is located at the Arnold Retail Center, 1045 Arnold Drive. The location is owned by franchise group. Blended Star NorCal, Inc., which owns and operates 12 additional Jamba Juice locations in the Bay Area. The Jamba Juice menu offers beverage choices for every palette and taste, with strong roots in their hallmark freshly squeezed juices, made to order with whole food ingredients. Jamba Juice’s signature Smoothies are blended masterpieces made with real fruit. Hours of operation for the new Martinez store are: Monday-Thursday 7 a.m. to 9 p.m.; Friday-Saturday 7 a.m. to 9:30 p.m.; Sunday 7 a.m. to 8 p.m.

Jamba Juice Company, Inc. Enters into the Fifth Amendment and Limited Waiver to the Credit Agreement

On December 29, 2015, Jamba, Inc. entered into the Fifth Amendment and Limited Waiver to the Credit Agreement dated as of February 14, 2012, by and among the Company, Jamba Juice Company as borrower. Jamba Juice Advertising Fund Inc. and Talbott Teas Inc., as guarantors, and Wells Fargo Bank, National Association (the "Lender"), as previously amended. Pursuant to the Amendment, the parties agreed to decrease the amount available under the revolving line of credit to $10,000,000, and the Lender waived, as of September 30, 2015, the Company's non-compliance with the financial covenants relating to minimum consolidated tangible net worth and to the minimum fixed charge coverage ratio. In addition, the terms of the financial covenants and certain other obligations under the Credit Agreement were modified to correspond with the Company's business following its recent refranchising activities.

Jamba Juice Company Announces Resignation of Julie Washington as Senior Vice President and Chief Marketing and Innovation Officer

Jamba, Inc. announced that on December 18, 2015, Julie Washington, Jamba Juice company's Senior Vice President and Chief Marketing and Innovation Officer informed the company she intended to resign from her position. In consideration of Ms. Washington agreeing to remain in her position through April 30, 2016.

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Recent Private Companies Transactions

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Date
Target
Merger/Acquisition
April 1, 2015
Jamba Juice Company, Inc., 100 Restaurants In California
 

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