Bob Evans Farms Inc. on Monday said it agreed to sell the Mimi’s Cafe restaurant chain to LeDuff America Inc. for $50 million.
Mimi’s Cafe is a French-inspired casual dining restaurant with 145 locations in 24 states, primarily in the West and Southwest.
LDA, headquartered in Dallas, Texas, owns and operates a collection of cafe-bakeries, coffee houses, boulangeries and related manufacturing in North America. The current LDA restaurant portfolio consists of La Madeleine Country French Cafe, Brioche Doree, Bruegger’s Bagels, Timothy’s Coffee and Michel’s Baguette.
LeDuff America is a U.S.-based subsidiary of Groupe LeDuff SA, a global bakery and restaurant company headquartered in Rennes, France.
The transaction is subject to customary closing conditions and is expected to be completed within the next 45 days.
Bob Evans announced in November that it would consider selling the Mimi’s Cafe chain.
Bob Evans also said today that revenue for the third quarter of fiscal 2013 will exceed last year’s third quarter driven by positive sales growth in both the Bob Evans Restaurants and Bob Evans Foods segments.