News Article | November 14, 2016
FORT LAUDERDALE, FL--(Marketwired - November 14, 2016) - BBX Capital ( : BBX) is pleased to announce that it has named seasoned restaurant veteran Brick Kerge as Vice President of Operations for their MOD Pizza ("MOD") Franchise in Florida. BBX Capital recently announced they joined MOD's growing family of select franchisees and created a new division with the goal of developing up to 50 MOD locations throughout central and southern Florida over the next five to seven years, including the major metropolitan markets of Miami, Fort Lauderdale, West Palm Beach, Orlando and Tampa. "We are pleased to welcome Brick to our organization," commented Jarett Levan, President of BBX Capital. "Brick shares our passion for MOD's strong brand, people-first culture, and best-in-class customer service. Most importantly, Brick is a proven leader and well-respected restaurant operator and his strong leadership, growth management and restaurant industry experience will add tremendous value as we build a solid foundation to open our MOD locations throughout Florida." Kerge comes to BBX Capital with over 28 years of restaurant experience and was most recently Market Partner for Texas Roadhouse where he oversaw 12 restaurants in Maryland and Illinois. Prior to that he was Regional Vice President for Red Robin Gourmet Burgers and was responsible for opening more than 75 new restaurant locations for them from Maine to Florida. He was also a District Manager for Lonestar Steakhouse and Saloon and oversaw 25 locations. Kerge started his career as an Executive Chef for Stouffer Hotels and Restaurants. MOD, the rapidly expanding pioneer of fast casual pizza, currently has over 165 locations across 18 states and the United Kingdom. Founded by entrepreneurs Scott and Ally Svenson, MOD was inspired by the couple's love of Italian street-style pizza, their desire for authentic, affordable and fast dining options for their busy family and the idea that a great company could be built around people. The Svensons bring their experience from building two highly successful concepts -- Seattle Coffee Company and Carluccio's. MOD's team of advisors and executives bring experience from iconic brands such as Starbucks, Apple, Disney, McDonald's, Dunkin Donuts, and T-Mobile. About MOD: A pioneer of the fast casual pizza segment, MOD Pizza was founded in Seattle in 2008 by entrepreneurs Scott and Ally Svenson. MOD's individual artisan-style pizzas and salads are made on demand, letting customers choose whatever they like from over 30 toppings, all for one set price. At the core of MOD is a purpose-led culture that's committed to being a force for good in the community -- creating not only a cool place to eat, but an inspired place to work. MOD was recently ranked as America's fastest growing chain restaurant by Technomic; earned a spot on the Inc. 500 list as one of American's fastest-growing private companies in 2016; and was recognized by Fortune as one of the 20 best workplaces in retail for its progressive hiring practices and career-growth opportunities. MOD has over 165 locations across 18 states and the U.K. To learn more, visit modpizza.com. About BBX Capital Corporation: BBX Capital ( : BBX) is involved in the acquisition, ownership and management of joint ventures and investments in real estate and real estate development projects, as well as acquisitions, investments and management of middle market operating businesses. In addition, BBX Capital and its controlling shareholder, BFC Financial Corporation ( : BFCF), have a 46% and 54% respective ownership interest in Bluegreen Corporation. As a result of their ownership interests, BBX Capital and BFC together own 100% of Bluegreen. As of September 30, 2016, BBX Capital had total consolidated assets of $407.2 million, shareholders' equity attributable to BBX Capital of $356.1 million, and total consolidated equity of $358.0 million. BBX Capital's book value per share at September 30, 2016 was $21.43. For more information, visit www.BBXCapital.com. This press release contains forward-looking statements by BBX Capital based on current expectations that involve a number of risks and uncertainties. All opinions, projections, future plans or statements other than statements of historical fact, are forward-looking statements and there is no assurance that such expectations will prove to be correct. When considering forward-looking statements, the reader should keep in mind the risks and uncertainties, including, but not limited to: the risk that BBX will not be successful in achieving its goal of developing MOD locations; risks associated with the development and operation of the locations; and the risk that the locations may not be successful and that BBX may not achieve the returns anticipated. In addition to the risks and factors identified above, reference is also made to other risks and factors detailed in BBX Capital's Annual Report on Form 10-K, for the year ended December 31, 2015.
News Article | March 2, 2017
Company more than doubled its store count for the second consecutive year, grew system-wide sales to over $150M, reported 5.3% same store sales growth and created over 2,000 new jobs SEATTLE, March 02, 2017 (GLOBE NEWSWIRE) -- MOD Super Fast Pizza Holdings, LLC (“MOD Pizza”, “MOD” or the “Company”) today announced 2016 year-end results that reflect continued new store growth and strong performance from existing stores. During the 2016 fiscal year, MOD added 100 locations system-wide, and achieved same-store sales growth of 5.3% bringing its combined two-year same-store sales growth to over 18%. System-wide sales reached $152 million reflecting a year-over-year increase of 134% while company net revenue hit $131 million, up 116% over 2015. To support its rapid growth, MOD raised $74 million of private equity capital during 2016 from Fidelity Management & Research Company, PWP Growth Equity, and other existing investors. To date, MOD has raised over $150 million in total capital. “2016 was another exceptional year for MOD with growth across our business. It is tremendously rewarding to see how our unique purpose-driven culture continues to generate industry-leading results as we bring MOD to new communities across the country and the United Kingdom,” said Scott Svenson, co-founder and CEO of MOD Pizza. “Our commitment to making a positive impact on our people and the communities we serve will continue to motivate our team as we focus on growing and improving the business in 2017.” In addition to increasing its presence in existing markets, MOD expanded into six new states in 2016 – Kansas, Kentucky, Missouri, Ohio, South Carolina and Wisconsin. The year also marked MOD’s first international expansion, with the opening of five locations in the United Kingdom with sites in Leeds, Brighton, Nottingham, Newcastle and a flagship location in London’s Leicester Square. New store growth created over 2,000 jobs company-wide, bringing total jobs created system-wide under the MOD brand to more than 4,000. MOD significantly strengthened its executive team in 2016, adding four key individuals: Bob Barton, chief financial officer; Carole McCluskey, chief technology officer; Lisa Luebeck, vice president of legal and general counsel; and Megan Hansen, vice president of people. Two new multi-unit franchisees joined the MOD family in 2016 – Food for Thought Restaurant Group which is expected to develop MOD in Florida and Southern Pie, LLC, which is expected to develop the brand in most of Georgia and all of Alabama. MOD now has nine franchisees with commitments to open 247 stores, and 32 were open at year end. MOD received several notable accolades in 2016. In April, the Company was named the fastest growing chain restaurant in America in 2015 by Technomic, in its annual Top 500 Chain Restaurant Report. MOD also earned a spot on the Inc. 500 list of fastest-growing companies in America, was named “Business of the Year” by the Bellevue Chamber of Commerce and was ranked the second fastest-growing private company in Washington by the Puget Sound Business Journal. MOD co-founders Scott and Ally Svenson were also named EY Entrepreneurs of the Year for the Pacific Northwest. MOD’s growth supported its ongoing commitment to Spread MODness by using the business as a platform for creating positive social change. To this end, MOD donated over $650,000 during the year to over 185 non-profits across the US, including, amongst many others, Generosity Feeds (Reston, Va.), The Monarch Institute (Houston), Friends of Youth (Seattle) and Second Harvest Food Bank (San Jose). In 2016, Spreading MODness - the Company’s annual campaign designed to spotlight the power of community giving and the importance of gratitude - supported over 185 community-based charities across the US. To date, MOD has now donated over $1 million to organizations supporting youth and families at risk in communities across the US. The following definitions apply to these terms as used throughout this release: ABOUT MOD PIZZA: Seattle-based MOD Pizza is the pioneer of the fast casual made-to-order pizza segment, founded in 2008 by entrepreneurs Scott and Ally Svenson. MOD’s individual artisan-style pizzas are made on demand, allowing customers to create their own pizzas and salads, using fresh-pressed dough and signature sauces, for one price. Pizzas are hand-cooked in an 800 degree oven in less than three minutes, and salads are individually hand-tossed for each customer. The menu is rounded out with handspun milkshakes, house-made lemonades and iced teas, and local craft beers and wine. MOD has over 200 locations in 20 states, and is committed to creating not just a cool place to eat, but an inspired place to work. To learn more, visit www.modpizza.com and watch The MOD Difference Video.
MOD Inc | Date: 2015-10-27
clothing, namely, shirts, dresses, shorts, and pants; textile accessories, namely, finished textile linings for garments.
MOD Inc | Date: 2013-02-26
Jewelry. Membership club services providing product release information, discounts, coupons, rebates, vouchers and special offers to members for the goods and services of others. Electronic documents, namely, clips, catalogs, brochures, newsletters, e-magazines, e-articles, and online newsletters delivered by e-mail in the field of jewelry and charms.
MOD Inc | Date: 2014-06-23
MOD Inc | Date: 2014-06-25
MOD Inc | Date: 2013-09-30
MOD Inc | Date: 2014-09-17
MOD Inc | Date: 2014-06-20
Bleaching preparations and other substances for laundry use; cleaning, polishing, scouring and abrasive preparations; soaps, perfumery, essential oils, cosmetics, hair lotions, dentifrices. Paper, cardboard and goods made from these materials, not included in other classes; printed matter; book binding material, photographs, stationery, adhesives for stationery or household purposes, artists material, paint brushes, typewriters and office requisites (except furniture); instructional and teaching material (except apparatus); plastic materials for packaging not included in other classes; printers type; printing blocks. Advertising; business management, business administration; office functions.
MOD Inc | Date: 2015-04-15
Clothing, namely, tops, bottoms; sportswear, namely, jackets, hoodies, pants, shorts, capris, etc.; active wear, namely, yoga pants, crop tops, tank tops, long sleeve tops, arm sleeves, etc.; shape wear, namely, leggings, sports bras, etc.