OTHER NEWS - June 9, 1995
<i> Times Staff and Wire Reports</i>
Koo Koo Roo Raises Funds for Accelerated Expansion: The restaurant chain said it raised $10 million in a private placement of new stock and warrants with an investment bank formed by former Chrysler Corp. Chairman Lee Iacocca. Koo Koo Roo Inc. said it will use the funding from Iacocca Capital Partners and Jefferies & Co. to expand its California Kitchen concept. Los Angeles-based Koo Koo Roo, which has 12 stores, plans to have as many as 30 restaurants operating by year-end. The company did not release details of the transaction, saying it will wait until it has an exact breakdown of the stock and warrants issued.
