Red Mango signs master license deal with Sodexo.

Red Mango has announced the signing of a master license agreement with Sodexo, Inc., one of the largest outsourcing services companies in the world, specializing in integrated facilities management services across a variety of sectors including college campuses, government buildings, large corporations, hospitals and more. Under the terms of the agreement, "Sodexo will open an undisclosed number of Red Mango stores in Sodexo-managed locations over the next 10 years.

"This agreement gives Red Mango great potential for additional growth, partnering our brand with one of the national leaders in food service and catering to our target demographics in superior venues," said Dan Kim, president and founder of Red Mango. "Naming Sodexo a Master Licensee welcomes opportunities to deliver Red Mango to a wider national audience and a healthier way of life."

"We look forward to bringing a healthy and delicious treat option to our client locations. Red Mango is a strategic addition to our portfolio that adds the value of a proven menu, superior branding and strong franchise system to offer the very best," said John Nappier, vice president of business development of Sodexo's Retail Brand Group.

As a Master Licensee, Sodexo has been awarded non-exclusive rights to open stores under the Red Mango brand subject to Red Mango's approval. The 10-year agreement also includes options for renewal. Headquartered in Gaithersburg, MD, Sodexo provides its services in the U.S., Canada, and Mexico, with $7.7 billion in annual revenue and 120,000 employees. Sodexo serves more than ten million customers daily in corporations, health care, long term care and retirement centers, schools, college campuses, government, and remote sites.

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