Red Mango to relocate headquarters to Dallas

Nation's Restaurant News, May 25, 2009

SHERMAN OAKS, CALIF. -- The Red Mango USA frozen-yogurt chain is moving its corporate headquarters from the Los Angeles area to Dallas in July. Officials say the move will bring corporate executives closer to the private-equity firm CIC Partners, which invested about $12 million in the fro-yo concept last year through subsidiary CIC Advantage Holdings of Dallas.

Headed by industry veteran John Antioco, the former chief executive of Blockbuster Inc. who also served previously as an executive at Taco Bell and 7-Eleven, CIC is based in Dallas, where 48-unit Red Mango recently established its franchising base. Earlier this year, Red Mango announced an aggressive franchising growth plan that includes 550 new locations over the next five years, initially focusing on the New York area and Dallas.