Rumors are flying that Rainer Appold has led a group of investors in buying what’s left of the Cork & Olive franchise company, currently in bankruptcy. Unconfirmed rumors (posted at UnhappyFranchisee.com) also have it that Appold’s group plans to resume franchise expansion and franchise sales of Cork & Olive stores.
Is there any basis to these rumors? Any verifiable info posted on these developments?
Also, how are the Cork & Olive stores – left in the lurch by founder Michael Probst – doing since the bankruptcy? How are sales? Are you holding your own?