Famous Brands Updates Management and Ownership

Courtney takes over as CEO.

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Famous Brands International, the parent company of TCBY Yogurt and Mrs. Fields Cookies, announced that Z Capital Partners has acquired the remaining minority ownership stake of Famous Brands from The Carlyle Group. As a result, Z Capital Partners is now the sole owner of Famous Brands. The company also named Neal Courtney its new chief executive officer.

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Courtney served as the company's interim CEO since February and prior to that he was Famous Brands' chief operating officer. An eight-year veteran of Famous Brands, Courtney has held roles in finance, sales, and general management. His background also experience at Frito-Lay and Kmart Corp.

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