2023-05-02 09:04:20 ET
- Rocky Mountain Chocolate Factory ( NASDAQ: RMCF ) sells franchise rights and associated intellectual property of U-Swirl International, the company’s yogurt franchise business, to U Swirl, a related company of Fosters Freeze.
- The transaction closed on May 1, 2023.
- The company’s sale of all remaining U-Swirl franchise-related assets, along with the separate sale of three formerly corporate-owned frozen yogurt stores to a third party in February 2023, represents complete exit from frozen yogurt operations.
For further details see:
Rocky Mountain Chocolate Factory divests yogurt business with sale of U-Swirl