And you were thinking that the fro-yo trend was fizzling out. Pinkberry just revealed that it's secured another $5.8 million in venture capital financing, funds that will likely go to expanding the 73-store-strong chain. Pinkberry isn't the only frozen yogurt enterprise in growth mode. Red Mango recently raised additional funding, too, and says it plans to open 550 locations across the U.S. over the next five years. One small glimmer of hope: One of Pinkberry's big backers is Starbucks CEO Howard Schultz, so there's always the possibility that the two chains combine at some point, thereby placing mediocre, overpriced coffee and mediocre, overpriced frozen yogurt under one roof. [WSJ, peHUB]
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