News

Red Mango signs master license agreement with Compass Group

August 12, 2010

Red Mango has awarded a master license agreement to Compass Group North America to open an undisclosed number of Red Mango stores in Compass-managed properties over the next 10 years.

Compass Group will open the first Red Mango location at Hofstra University in Hempstead, New York on Aug. 15.

"Introducing Red Mango to one of New York's largest private colleges is a terrific debut to this new agreement and demonstrates the incredible potential that exists for similar markets across the country," said James Franks, vice president of franchising for Red Mango.

The Red Mango store at Hofstra will feature a full-service menu of Red Mango's all-natural, nonfat frozen yogurt, toppings, fresh-fruit smoothies, parfaits and iced teas.

Compass Group is a leading foodservice management and support services company. It operates in several industries including higher education, corporate dining, healthcare, restaurants, sports and entertainment arenas and more.

As a Master Licensee, Compass Group has been awarded non-exclusive rights to open stores under the Red Mango brand subject to Red Mango's approval. The 10-year agreement also includes options for renewal.