Graeter’s Northern Kentucky Franchisee Closing Stores

Bizjournals.com:

International Brand Services Inc., the franchisee for Graeter’s that owns and operates eight retail ice cream ships in Northern Kentucky and Lexington, as well as a production facility that makes all the ice cream and most of the toppings sold in the stores, will cease operations at the end of this week, the Business Courier reported.

Zaki Barakat, president of Elsmere-based International Brand Services, was unable to find a buyer for the franchises. Graeter’s Inc. had considered purchasing the franchises back from International Brand Services, but CEO Richard Graeter said the company decided to withdrawal from negotiations to purchase the business.

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