Red Mango Reaches 50 Store Milestone

Red Mango, one of the most popular and fastest-growing retailers of authentic nonfat frozen yogurt, has opened its first Indiana store in Indianapolis. The opening also marks another milestone for the company. Red Mango now has 50 stores open across the United States in record time.

“We reached 50 locations in under two years and have just begun our national expansion,” said Dan Kim, president and CEO of Red Mango.  “This country is searching for healthier food that is also delicious, and Red Mango is fulfilling that need.  We’ve revved up Franchise efforts this year as a direct result of the growing interest in our brand.”

The debut in Indiana follows two recent, successful franchise recruitment seminars in New York and Dallas where the company met with more than 300 investors and entrepreneurs interested in learning about the Red Mango franchise opportunity. Similar events are planned for Seattle and Los Angeles this June.

The Indianapolis store, located at 914 Broad Ripple Avenue, is franchisee John Park’s fourth Red Mango outlet. Park recently signed a multi-state development agreement to open a total of 75 Red Mango stores throughout the Midwest including Indiana, Illinois, Kansas, Missouri, Tennessee and Wisconsin.

Red Mango celebrated its Indianapolis grand opening over the weekend with a free small frozen yogurt giveaway to all customers. A record crowd participated in the event, proving there’s a definite demand for the tart, 100 percent all natural, nonfat frozen yogurt in markets outside of New York and Los Angeles.

Red Mango opened its first store in Los Angeles in July 2007, grew from eight to 40 locations in 2008 and expects to reach 80 stores by year’s end. The company plans to have 500 locations open or under development within the next four years.

About Red Mango:

Founded in 2002 in South Korea, Red Mango opened its first U.S. store in July 2007 in Los Angeles and has since celebrated more than 45 store openings across California, New York, Washington, Illinois, Hawaii, New Jersey, Nevada and Utah.  Red Mango serves authentic frozen yogurt that is all-natural, nonfat, certified gluten free and packed with probiotic live and active cultures.  Red Mango's frozen yogurt has been certified by the National Yogurt Association's Live and Active Culture Seal for meeting the required criteria for healthy frozen yogurt.  Red Mango's investors include CIC Advantage Holdings LLC, a holding company formed by CIC Partners and leading retail and Restaurant operators to invest in and add value to multi-unit retail companies. a