Yogen Fruz Signs New Partner to Add 60 Stores in Japan
TORONTO--(Business Wire)-- Yogen Fruz, a frozen yogurt chain with 1,100 stores in over 20 countries, announced today that it has signed new partner and master franchisee Toyoda Sangyo Co. Ltd. to more than quintuple its store locations in Japan. The agreement calls for the development of 60 Yogen Fruz outlets throughout Japan over the next five years, adding to the 15 stores already operating in that country and managed by Toyoda Sangyo under the Yogen Fruz banner. Toyoda Sangyo has been involved in the foodservice industry as a franchisee and purchaser of various independent restaurants since 2000, when it diversified into foodservice after many years as a manufacturer of textile machines. The company is based in Aichi, Japan, and has developed or acquired 44 restaurant locations to date. "Our franchising operations in Pacific Rim nations such as Singapore, Indonesia and Thailand have been consistently successful in terms of profitability and growth over the past decade. Japan is the largest and most affluent market in the region, so it presents a major business opportunity for us," said Aaron Serruya, President of Yogen Fruz. "Toyoda Sangyo has a strong foodservice track record, and we are confident that they will help us successfully grow Yogen Fruz throughout Japan." About Yogen Fruz Yogen Fruz is a world leader in the frozen dessert category, with 1,100 locations operating in over 20 countries. Yogen Fruz pioneered the frozen yogurt category in Canada when it opened its first store in 1986. It remains a category leader with its broad menu, unique blending system, added probiotic cultures, distinctive store design and more than two decades of global operation. For more information, visit www.yogenfruz.com. S&S Public Relations, Inc. Jill Schmidt 847/415-9311 jills@sspr.com Copyright Business Wire 2008
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