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By 1989, Yogen Früz franchised its 100th store. A younger brother, Simon, joined the company in 1989 at the age of 18, while their father sold his typesetting business to oversee offices in Europe. In December 2005, International Franchise Corp. acquired Yogen Früz and CoolBrands International's franchise division. [2]
In 2005, MTY purchased TCBY Canada, which held TCBY (The Country's Best Yogurt) franchise rights in Canada, for $1.3 million. At the time there were 91 locations. [101] [102] MTY owns exclusive Canadian franchise rights to Yogen Früz for 20 years that began in 2006 due to a $13 million agreement made with Coolbrands International. [103]
In December 2005, Markham-based International Franchise Corp. acquired Yogen Früz, founded in 1986 by brothers Michael Serruya and Aaron Serruya, along with the CoolBrands franchise division [2] which included the Swensen's ice cream restaurant chain. By 2007, CoolBrands was selling off most or all of its core assets.
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Yogen Fruz part of MTY Food Group MTY Food Group is the parent company of 28 different franchising brands including Yogen Fruz Canada (operates locations as master franchisee), Mucho Burrito, Mr. Sub, Tiki Ming, Mrs. Vanelli's, Taco Time, Country Style, Thai Express , and Tandori . [ 39 ]
A sign adorns a Billabong store in Sydney' s CBD on August 28, 2014, as the embattled Australian surfwear firm posted a 218.2 million USD net annual loss.
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