Red-hot frozen yogurt chain Pinkberry has received a $27.5 million infusion of cash from Starbucks founder Howard Schultz’s venture capital firm, Fortune has learned.
The deal, which will be announced later today, confirms long-held speculation that Seattle-based Maveron - whose prior investments include eBay, drugstore.com, and Good Technology, now owned by Motorola - sees a bright future for Pinkberry, which was launched two years ago by a failed restaurateur and a former nightclub bouncer. (See story here.)
Starbucks Founder Bites Into Pinkberry
October 23, 2007 by Cris | 0 Comments
In Franchises, Strategy, Successful Franchises
No comments yet.