LOS ANGELES Pinkberry Inc., operator or franchisor of 33 namesake frozen-yogurt shops, said it has received $27.5 million in expansion financing from Maveron LLC, a venture capital firmed co-founded by Starbucks Corp. chairman Howard Schultz. Pinkberry founders Shelly Hwang and Young Lee retain "significant equity" in the Los Angeles-based chain and plan to devote some equity to an employee stock-option program, the company said.At the core of Pinkberry's menu is its tangy, fat-free, ...

Register to view this article

It’s free but we need to know a little about you to continually improve our content.

Why Register?

Registering allows you to unlock a portion of our premium online content. You can access more in-depth stories and analysis, as well as news not found on any other website or any other media outlet. You also get free eNewsletters, blogs, real-time polls, archives and more.

 

Attention Print Subscribers:  While you have already been granted free access to NRN we ask that you register now. We promise it will only take a few minutes!

Already registered? here.