MTY to shutter 45–50 Papa Murphy’s outlets as losses rise, spotlighting the parent’s broader portfolio moves. Cold Stone Creamery remains part of Kahala Brands, the Scottsdale-based ice cream parlor operator.
MTY Group has announced the closure of 45 to 50 Papa Murphy’s locations over the next six to nine months, part of a broader move to prune underperforming units after reporting losses that exceed $10 million in the past year. The plan aims to reduce the corporate footprint and refocus on stronger-performing brands.