MTY Group, the parent company of Cold Stone Creamery and Wetzel’s Pretzels, will close 68 of its corporate-owned restaurants over the next nine months to reduce financial losses.
The closures will primarily affect the company's Papa Murphy's pizza locations. MTY President and CEO Eric Lefebvre announced the decision following an internal review, as reported by Restaurant Dive. The closing locations lost a combined total of more than $10 million over the last year.
