Kahala Brands Buys Pinkberry

Phoenix, Arizona-based quick serve restaurant operator Kahala Brands said late Monday that it has acquired Pinkberry, the Los Angeles yogurt chain operator. Pinkberry was a venture backed company, having raised funding from Maveron, Sherpalo Ventures, and Highland Consumer Partners. Financial details of the buy were not disclosed. Kahala is the parent company of Cold Stone Creamery and Blimpie, among other brands.