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Giordano's Sold for $61.6M

Giordano's pizza chain was sold to the highest bidder at auction early this morning. Private equity firm Victory Park Capital, which has also invested in Jamba Juice, came away with the well-known pizza brand. The sale comes on the heels of lengthy bankruptcy proceedings that had been called a "circus," but after Giordano's owners owed about $50 million, the final sale seems to be a success. [Trib]

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