Famous Brands Updates Management and Ownership

Courtney takes over as CEO. 

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.

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.