SCOTTSDALE, ARIZ. — Kahala Brands, a quick-service restaurant franchising company, has added Pinkberry to its portfolio of brands, which includes Cold Stone Creamery, Blimpie, TacoTime and Planet Smoothie. Financial terms of the acquisition were not disclosed.
Santa Monica, Calif.-based Pinkberry opened its first store in 2005 and has grown to more than 260 locations in 20 countries. The chain specializes in serving premium frozen yogurt with distinctive flavors and gourmet toppings. Kahala Brands will consolidate Pinkberry’s corporate operations and operate the franchising platform from its Scottsdale headquarters.
|Michael Serruya, chairman and c.e.o. of Kahala Brands|
“The Pinkberry brand is known worldwide for its super-premium frozen yogurt and truly is the concept that reignited the frozen yogurt category over a decade ago,” said Michael Serruya, chairman and chief executive officer of Kahala Brands. “We very much look forward to bringing the support services and best practices we have from within Kahala Brands and aligning with the Pinkberry franchisees to help maximize the brand’s potential for continued evolution and success. It’s an excellent strategic fit for our company and presents an exciting opportunity for future development.”Kahala Brands’ portfolio includes 19 quick-service restaurant brands with approximately 3,000 locations in 34 countries.