Red Mango, Inc.
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| Private | |
| Industry | Restaurants |
| Founded | 2003 |
| Founder | Daniel J. Kim |
| Headquarters | Dallas, Texas, US |
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Key people
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John Antioco, Chairman |
| Products | Frozen yogurt Smoothies Juices |
| Parent | BRIX Holdings, LLC |
| Website | www |
Red Mango FC, LLC is a frozen yogurt and smoothie brand known for its all-natural frozen yogurt, fresh fruit smoothies, yogurt parfaits, and fresh juices. There are now more than 200 locations in over 25 states in the United States and 100 in Mexico and Central America. In 2011, Red Mango was named the No. 1 Zagat Rated chain in America for smoothies and frozen yogurt.
Daniel J. Kim, the company's founder, graduated from UC Berkeley’s Haas School of Business in 1998, and first worked as an investment banker with Donaldson, Lufkin & Jenrette.
According to the company website, Red Mango gets its name because “the mango, distinctly delicious and high in nutrition, becomes red at its optimal stage of ripeness.”
After opening their first store in California, Red Mango opened stores in Nevada, Utah, Washington, and New York. One year after the first store opened in Los Angeles, Red Mango opened 30 new stores. By the end of 2009, Red Mango had 60 stores in operation.
In the summer of 2010, Red Mango added 22 varieties of smoothies to their menu. They changed their signage to “Red Mango: Yogurt & Smoothies", and Kim noted: "it's really a fundamental shift of how we are defining ourselves in the business, away from the frozen-yogurt shop and really one that sells yogurt and yogurt-based products and smoothies." By the end of 2010, Red Mango awarded agreements for 147 locations and opened 62 new stores, bringing the total number of locations to 100. They were named #4 on Restaurant Business Magazine's “Future 50” list of the fastest-growing chains in 2010. Red Mango planned to double their locations in 2011 and were currently on track to open 24 more stores in the first quarter alone.
In May 2012, the Dallas-based company entered into an agreement with Mexican theater chain Cinemex to introduce Red Mango products to Mexico. US expansion is planned to triple within a couple years.
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Wikipedia