I want to share a tale about a glut of ice cream shops, a surplus of frozen yogurt stores and what one franchisor did about it. Ice cream retailers, the franchise industry and franchise owners everywhere need to know.
MIAMI – Attorney Robert Zarco and his client Rodolfo F. Puig, franchisee of Cold Stone Creamery, have now declared that Puig’s three stores are profitable, despite having numerous tax liens, judgments and litigation from creditors against him.
WHITE PLAINS, N.Y. – At the heart of a lawsuit brought by bankrupted franchisees against Cold Stone Creamery and their own legal counsel is conflict of interest. Franchisee store owners claim the attorney who represented them in negotiating their lease agreement did not disclose that he also represented franchisor Cold Stone.
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.
Friendly Ice Cream Corp. last month became the latest in a string of classic American restaurant chains to file for bankruptcy protection. Founded in 1935, the Massachusetts-based franchising firm abruptly closed more than 60 locations and now hopes to reinvent itself as a leaner, viable business by early December.