Pinkberry enters Japan; plans 50 stores
Los Angeles – Pinkberry’s is entering the Japanese market with franchisee Royal Holdings. Japan is the 20th country where Pinkberry will operate stores.
Royal Holdings who operates 722 restaurants across several brands, both full service and QSR concepts. The partnership provides growth opportunities in the market for both traditional stores and non-traditional venues, with an initial development plan for 50 stores.
"Critical to opening in Japan was to find a local partner who shared our values and was singularly focused on exceeding customer expectations day in and day out,” said Ron Graves, CEO of Pinkberry. “We are proud to be working with the Royal Holdings team.”
Vitamin Shoppe takes top customer satisfaction ratings
North Bergen, N.J. — The Vitamin Shoppe has been recognized as the top-rated vitamin store and top-rated vitamin store brand based on consumer satisfaction in ConsumerLab.com’s 2014 survey of vitamin and supplement users. Each year, ConsumerLab.com, a provider of consumer information and independent evaluations of products that affect health and nutrition, surveys its subscribers about the vitamins and supplements they use.
"We are beyond thrilled that ConsumerLab.com subscribers have voted the Vitamin Shoppe as their favorite vitamin store for the sixth time and their favorite vitamin store brand for the third time," said Tony Truesdale, CEO, The Vitamin Shoppe. "This recognition truly speaks to the strength of the Vitamin Shoppe brand, and demonstrates our commitment to being consumers’ first choice for their health and wellness needs."
Cabela’s closes funding facility with Royal Bank of Canada
Sidney, Neb. — Cabela’s Inc. has renewed a variable funding facility with Royal Bank of Canada for an additional three years and the commitment under the variable funding facility has increased from $350 million to $500 million. The variable funding facility relates to an outstanding series of variable funding notes issued by Cabela’s Credit Card Master Note Trust.
The securitization transaction and the variable funding facility will help finance the growth of Royal Bank of Canada’s credit card portfolio. Cabela’s Credit Card Master Note Trust has also completed the sale of $300 million of asset-backed notes, Series 2014-I.
“We are very proud to announce the completion of our first publicly offered term securitization,” said Tommy Millner, Cabela’s CEO. “Series 2014-I was well received by the market, and we are very pleased with both the pricing and execution of the transaction. The strong investor demand for the transaction is a testament to the Cabela’s brand and demonstrates the continued quality and strength of the Cabela’s Club Visa portfolio. The issuance of our first public transaction is a huge milestone for our securitization program, and we are excited about the future. In addition to the closing of the term securitization, we have renewed a variable funding facility with Royal Bank of Canada and upsized the commitment from $350 million to $500 million to provide continued liquidity for our Cabela’s Club Visa program.”