Imvescor Announces Plans to Review “Strategic Alternatives”

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MONCTON, N.B. — Imvescor Restaurant Group Inc. is reviewing its strategic plan, with news that its Board of Directors has formed a committee to review strategic alternatives and offer recommendations — such as a merger, sale, company privatization, strategic alliance or other transactions. As part of the process, Yves Devin has been appointed COO of the company.

 

“Over the past three years, we established a strong financial position, streamlined our operations, and invigorated our brands and franchise networks. Given our current profile, opportunities and industry landscape, we believe that now is the right time to review strategic alternatives,” said Denis Richard, president and CEO of the Moncton, N.B.-based company, which owns Pizza Delight, Mikes, Scores and Bâton Rouge. “While I will be leading the review of strategic alternatives, Yves Devin will take over daily operations, including franchisee relationships.”

Devin was previously CEO of the Société de Transport de Montréal, which employed approximately 9,800 employees and generated $1.8 billion in revenue.