LOS ANGELES, CA--(Marketwire - Aug 22, 2012) - Giggles N' Hugs, Inc. (OTCQB: GIGL) (PINKSHEETS: GIGL), an upscale, children's themed restaurant, has appointed Joan Barnes to its newly established advisory board effective August 1, 2012.
Barnes comes to Giggles N' Hugs as the founder and former CEO of Gymboree, an operator of nearly 630 specialty retail stores of children's apparel and over 600 play and music centers worldwide. In 1993, the company experienced one of the most successful IPOs of its kind and was one of the first consumer companies to attract venture capital, eventually selling for nearly 20x the initial investment or $1.8 billion.
"Joan is a tremendous entrepreneur who has a proven track record of building companies from the ground up," said Joey Parsi, Giggles N' Hugs founder, president and CEO. "Her experience should prove invaluable not only as we expand our unique concept across the country, but also as we develop and grow our branded products, areas in which she has demonstrated consistent excellence. We are delighted to have her join our advisory board."
Barnes commented: "I can relate to Joey and his team because -- like when I started Gymboree -- they are filling a much needed void for millions of families with children. By delivering quality food and a state-of-the-art play area, the restaurant creates an environment that resonates uniquely with both parents and kids. I look forward to working closely with the management team and Board during the next phase of Giggles N' Hugs' growth."
Subsequent to starting Gymboree, Barnes was the principle owner of YOGASTUDIO, one of the first studios to feature different styles of yoga and eco-conscious yoga vacations, clothing and lifestyle brands. The company was acquired in late 2008 by Yoga Works, a venture-backed chain of over 25 Yoga Studios operating in Los Angeles, Orange County, New York and San Francisco.
Joey Parsi founded Giggles N' Hugs in 2007 after what he describes as a "void in the marketplace" for restaurants that encourage kids to be themselves and play while parents can enjoy a quality meal in a casual setting. Giggles N' Hugs has become a hot spot for all parents including many Hollywood celebrities such as Adam Sandler, Mark Wahlberg, Halle Berry, Jennifer Garner and Ben Affleck to name a few. Giggles N' Hugs has also been featured in many news and entertainment publications, including Bloomberg BusinessWeek, Forbes, People Magazine, US Magazine, New York Post and many others. Among its family-friendly vibe, Giggles N' Hugs is also known for their own creation called "Mom's Tricky Treat Sauce," which hides pureed vegetables in kids' favorite meals such as pizza and macaroni and cheese.
About Giggles N' Hugs
Giggles N' Hugs, Inc. (OTCQB: GIGL) is an upscale, children's themed restaurant where play time, healthy food and happy parents converge. The restaurant is designed to create a fun, casual, family atmosphere where children 10 and under can interact with their parents and each other while enjoying freshly prepared, organic, nutritious and reasonably-priced food. Giggles N' Hugs also features daily live entertainment and shows. Headquartered in Los Angeles, CA, Giggles N' Hugs operates one restaurant in the Westfield Mall in Century City, CA with construction underway for another location in the Westfield Topanga Shopping Center in Canoga Park, CA. For more information, please visit www.gigglesnhugs.com.