Pearl Street Equity LLC, a New York-based single-family office, has acquired Famous Brands International franchising business, the parent company of two internationally renowned brands, Mrs. Fields and TCBY.
Headquartered in Salt Lake City, Utah, Famous Brands Franchising has served millions of customers around the world, maintaining a presence in various countries, including the U.S., Canada, Australia, Hong Kong, Morocco, Panama, Taiwan and the Bahamas with more than 350 franchised locations. By adding Famous Brands to its portfolio, Pearl Street is reinforcing its commitment to supporting companies with the potential to impact their respective markets.
“This transaction will take our franchisee support to the next level while enabling investment to grow both brands globally and bring our delicious products to more customers and families,” states Joe Lewis, the newly-appointed president and COO of Famous Brands Franchising.