Coldstone

Exclusive Franchise News,Franchise News India,Scottsdale based Cold Stone Creamery is preparing to open up shop in the second most populated country in the world India.

Kahala Brands, Cold Stone’s parent company, recently signed master franchise agreements with Tablez Food Co., an Abu Dhabi-based company that has brought a number of franchise concepts to India, Sri Lanka and the United Arab Emirates, including Famous Dave’s BBQ and Genghis Grill.

Under the agreement, Tablez will open 40 Cold Stone locations across India and five in Sri Lanka over the next five years.

“Tablez Food Co. is a leading organization in India and is a perfect fit for the Cold Stone Creamery brand,” Kahala Senior Vice President of International Operations and Development Eddy Jimenez said in a statement. “They specialize in unique, home-grown and international cuisines, and have acquired the rights to many leading franchise concepts.”

The first location is expected to open in a mall in Kochi, India, this November.

“Over the next five years, Tablez Food Co. plans to invest around $11 (million) to $13 million in the Cold Stone Creamery business across India and Sri Lanka,” said Shafeena Yussuf Ali, chairwoman of Tablez . “Cold Stone Creamery offers the best quality product and offers an amazing in-store experience that the international market has embraced for a number of years.”

Tablez is part of Lulu Group International LLC, a diversified company with operations in more than 20 countries in industries including retail, imports/exports, trading, shipping, IT, tourism and education & training.

Cold Stone has made signing franchise agreements in international markets a key point of the company’s growth plan, Kahala Chairman and CEO Michael Serruya told me last week.

Serruya and his brothers, Aaron and Simon, acquired Kahala in 2013.

“One of the factors that weighed into our initial acquisition of the company was understanding their international capabilities,” he said .
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While the initial deal is to open 40 stores in India, Serruya said he believes there could one day be hundreds of stores in that market.



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