Posted on Monday 15 October 2007
It’s official, Pinkberry finally succumbs and gets a huge pay day. A venture capital firm co-founded by the chairman of Starbuck’s bought a stake in Pinkberry worth $27.5 million smackers. Will this mean we’ll see Pinkberry’s at every corner? Probably not, but they will expand and grow like wild fire. I guess one can see this as a success story for two entrepreneurs. But now will they lose the exclusivity that was once Pinkberry? Time will tell, let’s just hope they don’t leave out the loyal early followers that made it so successful.
Read the article here:
Welcome jolt for Pinkberry > From the Los Angeles Times
[…] We wouldn’t be surprised that they would introduce a coffee flavor either. Since their recent acquisition by an investment firm with roots in Starbucks, we saw this […]
[…] a stronger footprint in the ever competitive frozen yogurt market. With Pinkberry raising about $27 million dollars from their venture funding […]