Coldstone Creamery Opens Flagship Store in Bangladesh
Kahala Brands, parent of Cold Stone Creamery and master franchisee Olive Tree Foods Limited (OTFL) have opened a new flagship store in Dhaka, Bangladesh.
“We believe Cold Stone Creamery could be the catalyst for creating a new dimension in the food and beverage industry of Bangladesh by introducing the ‘fun factor,’ in addition to serving a very high-quality product,” said OTFL Managing Director, Sheikh Aftab Ahmed.
The store is the company’s first in the city with OTFL planning to grow the Cold Stone Creamery brand by opening multiple locations in and around Dhaka over the next five years.
The new store, said Ahmed, “marks the beginning of a very successful relationship between Olive Tree Foods Limited and Kahala Brands and soon we will expand throughout the country with our brand’s presence.”
Scottsdale, Arizona-based Kahala Brands has made expansion into international markets a key component of its long-term growth strategy for the Coldstone brand.
The company opened the first international Cold Stone Creamery store in Tokyo, Japan, in November 2005.
Over the past decade, Cold Stone Creamery has franchised more than 300 stores in more than 27 countries including the Philippines, Kuwait, Qatar, Trinidad & Tobago, Taiwan, Kenya, Brazil, Nigeria, Egypt, Canada, the United Arab Emirates, Cyprus, Indonesia, and the U.S.