Blackstone set to purchase Tropical Smoothie Cafe for nearly $2 billion Fox Business

News Source : Fox Business

News Summary

Tropical Smoothie started as a single shop in Destin, Florida, in 1997
The franchise expanded to over 1,400 locations in 434 states
In 2023, alone, Tropical Smoothie opened 175 new locations, with more than two-thirds of them being opened by existing franchisees

New York Citybased private equity firm Blackstone announced Wednesday that it was entering into an agreement to purchase Tropical Smoothie Cafe, for what has been reported to be a $2 billion deal. [+2892 chars]

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