The Carvel chain has melted over the years from its high of 850 franchises to a puddle of 367 franchises. The Street reports that only 275 are full-service shops. Carvel, bought by private equity firm Roark Capital Group in 2001, wants change. The 80-year-old brand has a plan to put lipstick on this franchise pig.
Kahala bought by Serruya Family of Canada. photo/bmm
TORONTO – The Serruya family today announced that they have acquired a controlling interest in Kahala Corp., owner of Cold Stone Creamery and many other franchised brands. The transaction was completed on Monday.
(PODCAST) SACRAMENTO — California state senators listened to franchise owners and associations ask for passage of Senate Bill 610 yesterday. Authored by Senator Hannah-Beth Jackson [D-Santa Barbara], the bill was crafted to bolster good faith in a franchisor's dealings with franchisees and the right to associate without fear of reprisal.
Former Cold Stone Creamery multiunit franchisee Frank Caperino
SAN DIEGO — Former Cold Stone Creamery multiunit franchise owner and once president of its franchisee association, Frank Caperino, speaks with Blue MauMau about how Cold Stone Creamery has lost the love of the brand. Caperino paints a dim scene scene of buying and running a franchise with under the Cold Stone Creamery brand.
Cold Stone Creamery sign - closed for the day. Photo/pws
PHOENIX – A district court has denied a Miami-based franchisee’s motion to dismiss Cold Stone Creamery’s filing to compel arbitration in Arizona. In doing so, the judge explained that the franchisee had not responded to the franchisor’s opposition motion.
A Cold Stone Creamery, photo/blue maumau; Gift Card/Cold Stone web site
MIAMI – The law firm of Zarco Einhorn Salkowski & Brito, PA filed a lawsuit today on behalf of an independent franchisee association against franchisor Cold Stone Creamery for failing to give its members an accounting of monies collected from third-party vendors and the franchisor's gift card program.