Kahala Brands has appointed a master franchisee for Cold Stone Creamery Cambodia, with the first store set to open in six months.
Over the next five years, 13 Cold Stone Creamery locations will open in Cambodia, the first scheduled for the capital city Phnom Penh sometime during the next six months.
TH Group has won the master franchise rights to open locations throughout Cambodia.
TH Group is a leader in the automotive market, with over 20 years of experience in Cambodia. It holds 35 per cent of the auto market share in the country, making it the largest importer/wholesaler of US automobiles in Cambodia, selling new and used luxury cars.
“Our economic growth here in Cambodia has risen and to us, that implies that the standard of living is improving here,” said Hav Norm, MD of TH F&B Co.
“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.”
“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 VP of international operations and development at Kahala.
“TH Group understands consumer demands, preferences and perceptions, making it a business leader in its country.”
Cold Stone Creamery has continued to make strong key moves into the international market over the last decade. Today, Cold Stone Creamery stores are operating in over 300 international locations and in 26 countries abroad, including Japan, the Philippines, Kuwait, Qatar, Trinidad, Nigeria, Egypt and Indonesia. Kahala signed up a master franchisee in Vietnam in June.