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RAVE Restaurant Group, Inc. (NASDAQ:RAVE) reported a decline during previous trade, ended its day with the loss of -32.56% and closed at the price of $1.45, after opening at $2.06. Stock exchanged hands during its last trading session with the total volume of 140.94K shares, as compared to its average volume of 25.83K shares. During the previous session, the company’s minimum price was $1.44, while it touched its highest price for the day at $2.24.
RAVE Restaurant Group, Inc. (NASDAQ:RAVE) on November 15, 2019 publicized strategic leadership changes and new talent acquisition. The new additions reflect a shift from brand level leadership to a more unified management structure for all RAVE brands.
Key changes incorporate the augmentations of Mike Burns as Chief Operations Officer and Douglas Kwong as Vice President of Marketing for RAVE. Consumes will lead activities for both Pizza Inn and Pie Five Pizza and Operations Services for all brands. He brings more than 10 years involvement with organization and establishment activities including eight years at Bojangles’ Famous Chicken n Biscuits as the Director of Operations Support supporting organization and establishment tasks and as Regional Vice President administering more than 175 cafés. Most as of late, Burns coordinated activities at more than 80 Pei Wei Asian Kitchen eateries.
Kwong will coordinate showcasing for all RAVE brands. He is an industry veteran with demonstrated accomplishment in making computerized showcasing programs that hoist visitor encounters and drive productive deals. He was most as of late Director of eCommerce and Digital Marketing at Pei Wei Asian Kitchen, where he oversaw eCommerce, media, and the steadfastness program. Kwong drove the group at Pei Wei that took in general advanced deals from 8% of organization income to 30% by executing new innovation and propelling conveyance associations.
Weave Bafundo will withdraw his job as president at RAVE. Extra recently recruited employees incorporate Justin Smith as Senior Director of Operations for Pizza Inn and Aaron Archuleta as Director of Operations for Pie Five.
After the latest market close, RAVE Restaurant Group, Inc. (NASDAQ:RAVE) now has 16.04 million shares and its market capitalization is at $23.26 million. The organization claims, works, establishments as well as licenses 261 Pie Five Pizza Co. furthermore, Pizza Inn cafés and Pizza Inn Express booths locally and globally. Pizza Inn is a universal chain including newly made pizzas, alongside plates of mixed greens, pastas and treats.
Pie Five Pizza Co. is a pioneer in the in the quick easygoing pizza space offering specially made pizzas prepared in less than five minutes. Pizza Inn Express, or PIE, is creating one of a kind chances to give newly made pizza from non-conventional outlets.