Cold Stone Creamery Owner Explores Potential Sale, Other Options

The owner of US and Canadian restaurant chains such as Cold Stone Creamery, Wetzel’s Pretzels and Mr. Sub said it’s undergoing a strategic review and may sell itself.

MTY Food Group Inc. is engaging with a financial adviser to “identify, review and evaluate potential strategic alternatives with a view toward continuing to enhance shareholder value,” according to a statement Monday. Options include selling of all or part of the company, as well as executing its current business plan, the company said.

MTY’s shares surged after Reuters reported earlier Monday that the company hired Toronto-Dominion Bank to explore a sale, ...