Red Mango gets $12M as frozen yogurt sector heats up

LOS ANGELES Former Taco Bell Corp. chairman John Antioco and private-equity firm CIC Partners have jointly invested $12 million in the Red Mango USA frozen yogurt chain, officials said Tuesday.

 

CIC and Antioco are now the largest stakeholders in Red Mango, and Antioco has been named chairman of the company. Founder Dan Kim will remain president and chief executive and retains a minority stake.

 

 

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