Transcript
Introduction
Zack
Hello, and welcome to Business Breakdowns. I'm your host, Zach Fuss. In this conversation, we will be studying Cinnabon. Founded in Seattle in 1985, Cinnabon is one of the leading indulgent food brands and is owned by parent company, Focus Brands, alongside the likes of Auntie Anne's and Carvel. Cinnabon currently operates in almost 50 countries with more than 1,500 franchise locations. But the true secret of the business is the brand's ability to travel across restaurants consumer packaged goods and retail. In this breakdown, we start with Cinnabon's scale and an overview of its fascinating history. We then dive into what really makes Cinnabon special, its omnichannel ecosystem, and how it balances franchisees, licensing deals, and distribution through other channels while maintaining its brand ethos. To help me break down Cinnabon, I'm joined today by Kat Cole, the former CEO and president of North America for Focus Brands. Prior to that role, she was the president of Cinnabon. Kat's operating and investing experience in this space and her deep understanding of the brand make her the perfect guest to break down Cinnabon. Please enjoy this breakdown.