RAVE Restaurant Group
Dallas-based RAVE Restaurant Group [NASDAQ: RAVE] owns, operates and franchises more than 300 Pie Five and Pizza Inn restaurants domestically and internationally. Pie Five Pizza Co. is the leading brand in the rapidly growing fast-casual pizza space, offering individual handcrafted pizzas made to order with fresh ingredients in less than five minutes. Pizza Inn is an international chain featuring freshly made pizzas, along with salads, pastas, and desserts.
In 1958, two Texas brothers, Joe and R. L. Spillman, opened the first Pizza Inn across from Southern Methodist University in Dallas. Pizza Inn awarded the first franchise in 1963 and opened the first buffet restaurant in 1969. International franchising began in the late 1970s. In 1993, Pizza Inn Holdings, Inc. began trading on the NASDAQ Stock Market under the ticker symbol "PZZI."
For over 50 years, Pizza Inn has been America’s small town pizza joint. The nostalgic brand known for its pizza has recorded two consecutive quarters of growth and is building the infrastructure to support consistent growth and performance.
In June 2011, we opened the first Pie Five Pizza Co. restaurant in Ft. Worth, Texas. Pie Five began franchising in 2013. Named among Fast Casual’s Top “Movers & Shakers” for three consecutive years, 2015 “Best Franchise Deal” by QSR Magazine, 2012 Hot Concepts winner by Nation’s Restaurant News and one of “10 Hot New Restaurant Chains from Established Brands” by Forbes.com, the fast casual pizza concept is expanding rapidly and has development plans to open 400 company-owned and franchised locations across the country in the next five years.
In January 2015, Pizza Inn Holdings, Inc. became Rave Restaurant Group. RAVE is a reflection of the company’s transformation from a single-branded restaurant company to a multi-brand portfolio group comprised of world-class restaurant operators. Rave Restaurant Group is traded on the NASDAQ Stock Market under ticker symbol “RAVE”.