Yogen Früz Owners Buy Cold Stone Creamery
Yogen Früz Owners Buy Cold Stone Creamery
Cold Stone Creamery, the ice cream company that shares retail space with Tim Hortons, has been bought by Canadian entrepreneurs.
The Serruya family have bought Kahala Corp. a privately owned franchisor of quick service restaurants including Blimpie, TacoTime, Samurai Sam’s Teriyaki Grill, The Great Steak & Potato Company, Johnnie’s New York Pizzeria and Cold Stone Creamery.
Terms of the sale of Scottsdale, Ariz.-based Kahala were not revealed. Michael Serruya becomes chair and CEO of Kahala, which has system-wide revenues of about $1 billion US.
The Serruya family plans to build Kahala’s franchising business in both international and North American markets.
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