Ravings Brands Selling Moe's Southwestern Grill

Moe's Southwest Grill, the crown jewel of Atlanta-based parent Raving Brands, is being sold to Focus Brands, the Atlanta-based owner of Carvel Ice Cream, Schlotzsky's, Cinnabon and international stores of Seattle's Best Coffee. The announcement Wednesday comes on the heels of a lawsuit by franchisees, who among other things said the chain's management was secretly considering a sale. Raving Brands founder Martin Sprock denied that claim as recently as last week.