Cambodia Welcomes Cold Stone Creamery Into The Marketplace
The First Location to Open in the Capital City of Phnom Penh
SCOTTSDALE, Ariz. - Oct. 13, 2015 // PRNewswire // - Over the next five years, 13 Cold Stone Creamery® (www.ColdStoneCreamery.com) locations will open in Cambodia, with the first location opening in the capital city of Phnom Penh sometime over the next 6 months. Kahala Brands™, the parent company of the owner of the Cold Stone Creamery brand, has granted TH F&B Co. Ltd. (TH Group) the master franchise rights to open locations throughout Cambodia, expanding the Cold Stone Creamery brand into a country and culture that is seeking higher quality products.
"Our economic growth here in Cambodia has risen and to us, that implies that the standard of living is improving here," said Hav Norm, managing director of TH F&B Co. Ltd. "Therefore, the people of Cambodia are looking for premium, high-quality brands that they can indulge in and trust. Cold Stone Creamery is a super-premium brand that will be a perfect fit in our market."
TH Group is a leader in the automotive market, with over 20 years of experience in Cambodia. TH Group holds 35% of the auto market share in the country, making it the largest importer/wholesaler of U.S. automobiles in Cambodia, selling new and used luxury cars.
"We are extremely confident in TH Group as they have more than 20 years of experience in Cambodia and have great in-depth and comprehensive knowledge of the marketplace," said Eddy Jimenez, senior vice president of international operations and development at Kahala. "TH Group understands consumer demands, preferences and perceptions, making it a business leader in its country. We are excited to bring the Ultimate Ice Cream Experience® to the ice cream lovers of Cambodia."
"People are excited in Cambodia for the ice cream experience that Cold Stone Creamery offers to its guests," said Hav Norm. "With the delicious tasting ice cream, made fresh in each store, and the entertainment factor, customers will want more. We are inspired by the culture and brand mission at Cold Stone Creamery, to make people happy."
Cold Stone Creamery has continued to make strong key moves into the international market in recent years. The international growth of Cold Stone Creamery began in November 2005 when the first international Cold Stone Creamery store opened in Tokyo, Japan. Today, Cold Stone Creamery stores are operating in over 300 international locations and in 26 countries abroad, including the Philippines, Kuwait, Qatar, Trinidad, Nigeria, Egypt and Indonesia.
About Cold Stone Creamery
Cold Stone Creamery delivers the Ultimate Ice Cream Experience® through a community of franchisees who are passionate about ice cream. The secret recipe for smooth and creamy ice cream is handcrafted fresh daily in each store, and then customized by combining a variety of mix-ins on a frozen granite stone. Headquartered in Scottsdale, Arizona, Cold Stone Creamery is owned by Kahala Brands™, parent company of one of the fastest growing franchising companies in the world, with a portfolio of 16 quick-service restaurant brands. The Cold Stone Creamery brand operates approximately 1,500 locations in over 26 countries.
About "Made Fresh"
In Cold Stone Creamery locations across the world, ice cream is hand-crafted in small batches – one flavor at a time. Cold Stone Creamery starts with the highest quality cream, sugar and flavorings to make its ice cream fresh in the back of each of its stores. This small-batch process ensures customers receive the richest, creamiest, most delicious ice cream when they visit a Cold Stone Creamery store.
For more information about Cold Stone Creamery, visit www.ColdStoneCreamery.com.
For more information about Kahala Brands, visit www.KahalaBrands.com.
SOURCE Cold Stone Creamery
Comments:comments powered by Disqus
- Expansions & Growth
- Financial & Earnings Claims
- Mergers & Acquisitions
- Personnel Changes
- General Announcements
- Conferences & Events
- Product Announcements
- Media Coverage
- Strategic Alliances