PE-backed Cold Stone Creamery sells franchise interest in Japan to Hotland
Ice cream chain Cold Stone Creamery, a subsidiary of Scottsdale, Arizona-based restaurant brands company Kahala Corp, has sold its interest in the master franchisee in Japan to HotLand Corp to further develop the concept within that country. Financial details of the transaction were not released. Kahala was last year acquired by Markham, Ontario's Serruya family, which manages a private equity fund that invests in retail franchises. Kahala is also a portfolio company of Canadian private equity firm Delavaco Group.
10 April 2014•3 mins read
