Cold Stone Creamery expands in Asia

US ice cream chain Cold Stone Creamery continues to develop an expanding international footprint with upcoming locations in the Philippines and Bangladesh.

The brand is teaming up with a master partner in each market. Kahala, the parent company of Cold Stone Creamery, has signed 10-year master franchise agreements with Olive Tree Foods in Bangladesh and with Arizona Ice Cream Corporation in the Philippines.

Olive Tree Foods will open first Cold Stone Creamery store this year with a target of four stores within the next four years.

In the Philippines, Arizona Ice Cream Corporation, a subsidiary of Trimark Holdings, will open 15 stores over the next five years, with the first timed for the middle of this year.

“Our ongoing development in key growth markets speaks to the ability of our global partners to create a unique and memorable Cold Stone Creamery experience with customers around the world,” said Michael McGill, president of international at Kahala.

The international growth of Cold Stone Creamery began in November 2005 when the company opened its first international store in Tokyo, Japan. Today, Cold Stone Creamery stores are operating in more than 420 international locations and in 20 different countries including China, Singapore, South Korea, Canada, Nigeria, Egypt and the UAE.

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