Mrs. Fields names new board as brands evolve

Mrs. Fields Famous Brands, franchisor of the Mrs. Fields cookie and TCBY frozen yogurt chains, named a new board of directors Friday following a recapitalization last month that brought in two investment firms as majority stakeholders.

Chicago-based private-equity firm Z Capital Partners and global asset management firm The Carlyle Group on Dec. 13 completed an exchange offer and refinancing that Mrs. Fields officials said puts the sweet-treat brands on solid financial footing for grow

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