FORM 6-K
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16 of
the Securities Exchange Act of 1934
For the period ended August 17, 1998
Yogen Fruz World-Wide Incorporated
(Translation of registrant's name into English)
8300 Woodbine Avenue, Markham, Ontario Canada L3R 9Y7
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual
reports under cover Form 20-F or Form 40-F.
Form 20-F _x_ Form 40-F___
Indicate by check mark whether the registrant by furnishing the information
contained in this Form is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes___ No_x_
If "Yes" is marked, indicate below the file number assigned to the
registrant in connection with Rule 12g3-2(b):82-_________
<PAGE>
Materials relating to Registrant and filed pursuant to this Form 6-K
include:
(a) Press Release dated August 13, 1998 with respect to Registrant's
Normal Course Issuer Bid;
(b) Press Release dated August 14, 1998 with respect to Registrant's
expansion of license with Tropicana Products, Inc.; and
(c) Press Release dated August 17, 1998 approval by The Toronto Stock
Exchange of registrant's Normal Course Issuer Bid.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
YOGEN FRUZ WORLD-WIDE INCORPORATED
Date August 20, 1998 By /s/ AARON SERRUYA
-------------------------------
Name: Aaron Serruya
Title: Executive Vice President
<PAGE>
FOR IMMEDIATE RELEASE
YOGEN FRUZ COMMENCES A NORMAL COURSE ISSUER BID
Toronto, Canada - August 13, 1998 - Yogen Fruz World-Wide Incorporated (TSE:
YF.A) today announced that it had approved the making of a normal course issuer
bid for up to 3,287,406 of its outstanding Subordinate Voting Shares through the
facilities of The Toronto Stock Exchange. Such shares represent approximately
10% of the outstanding public float of Subordinate Voting Shares. Subject to
approval of The Toronto Stock Exchange, the normal course issuer bid will
commence on August 24, 1998 and expire on August 23, 1999. Notice of Yogen Fruz'
intention to effect the normal course issuer bid has been filed with the TSE.
All shares purchased under the bid will be cancelled.
In authorizing the normal course issuer bid, the Company's board of directors
has concluded that the purchase for cancellation of up to 3,287,406 Subordinate
Voting Shares represents an appropriate means of distributing to shareholders
funds not required for immediate use in carrying on its business.
As at May 31, 1998, Yogen Fruz had 4,762 locations in 82 countries, and is the
world's largest franchisor of frozen yogurt outlets, operating a Family of
Brands, including Yogen Fruz, Bresler's Ice Cream, I Can't Believe It's Yogurt,
Golden Swirl, Paradise, Ice Cream Churn, Swensen's Ice Cream, Steve's Ice Cream
and Java Coast Fine Coffees. In addition, Yogen Fruz markets, sells and
distributes Tropicana frozen desserts, as well as a variety of other branded
frozen dessert products under the Betty Crocker, Yoplait, Colombo, Trix, Lucky
Charms and Yoo Hoo brand names pursuant to long-term exclusive license
agreements.
For further information contact:
Michael Serruya/Richard E. Smith
Co-President and Co-Chief Executive Officer
Yogen Fruz World-Wide Incorporated
Tel: 905-479-8762/Tel: 516-737-9700
Fax: 905-479-5235/Fax: 516-737-9792
<PAGE>
FOR IMMEDIATE RELEASE
YOGEN FRUZ EXPANDS TROPICANA LICENSE
TO NEW INTERNATIONAL MARKETS
Toronto, Canada - August 14, 1998 - Yogen Fruz World-Wide Incorporated (TSE:
YF.A), the world's largest franchisor of frozen yogurt outlets and the exclusive
licensee for the Tropicana brand for frozen desserts and novelties, announced
today that its exclusive long-term license agreement with Tropicana Products,
Inc. has been expanded to include Taiwan and Korea.
"Tropicana frozen fruit juice bars are already a proven hit with consumers in
the United States and Canada, and Tropicana shares our excitement at the
opportunity to begin expanding our distribution to selected international
markets," said Michael Serruya, Yogen Fruz Co-Chairman and Co-CEO. "Combining
the Tropicana brand with the established distribution network of our master
franchisees in Taiwan and Korea creates a template for growth that we believe
can be successfully applied in many of our 82 markets worldwide."
Yogen Fruz, the exclusive licensee of Tropicana for the frozen dessert category,
launched its line of Tropicana frozen fruit juice bars in Canada less than four
months ago. Since then, Tropicana novelties have achieved 60% market
distribution throughout Canada. Last year, Yogen Fruz's subsidiary, Integrated
Brands, Inc., introduced Tropicana frozen novelties in the United States, where
they have already passed 70% market distribution. As announced today, Tropicana
has agreed to enlarge Yogen Fruz's exclusive license territory beyond North
America to include Taiwan and Korea.
"Tropicana Pure Premium Juice is the fourth largest branded food product sold in
Canadian supermarkets, and the fifth largest in the United States," said Mr.
Serruya. "Consumers in both countries have responded to Tropicana frozen fruit
juice bars with the same level of enthusiasm. We are extremely excited by the
opportunity to integrate Tropicana frozen novelties into our existing
international distribution network."
Yogen Fruz directly, and through its subsidiary Integrated Brands, Inc.,
markets, sells and distributes Tropicana frozen fruit juice bars and frozen
dessert products, as well as a variety of frozen novelties and frozen dessert
products under the Betty Crocker, Trix, Yoplait, Colombo, Lucky Charms and Yoo
Hoo brand names, pursuant to exclusive long-term license agreements. Yogen Fruz
is also the world's largest franchisor of frozen yogurt outlets, with 4,762
locations in 82 countries, operating a Family of Brands including Yogen Fruz, I
Can't Believe It's Yogurt, Bresler's Ice Cream and Premium Frozen Yogurt,
Swensen's Ice Cream, Golden Swirl, Paradise, Ice Cream Churn and Java Coast Fine
Coffees.
For further information contact:
Michael Serruya/Richard E. Smith
Co-President and Co-Chief Executive Officer
Yogen Fruz World-Wide Incorporated
Tel: 905-479-8762/Tel: 516-737-9700
Fax: 905-479-5235/Fax: 516-737-9792
<PAGE>
FOR IMMEDIATE RELEASE
TORONTO STOCK EXCHANGE APPROVES YOGEN FRUZ
NORMAL COURSE ISSUER BID
Toronto, Canada - August 17, 1998 - Yogen Fruz World-Wide Incorporated (TSE:
YF.A) today announced that the TSE has approved Yogen Fruz' previously announced
normal course issuer bid for up to 3,287,406 of its outstanding Subordinate
Voting Shares through the facilities of The Toronto Stock Exchange. Such shares
represent approximately 10% of the outstanding public float of Subordinate
Voting Shares. As at August 12, 1998 there were 37,354,584 Subordinate Voting
Shares outstanding. The normal course issuer bid will commence on August 24,
1998 and expire on August 23, 1999. All shares purchased under the bid will be
cancelled.
Management believes that the current market price for Yogen Fruz shares
understates the value of our company, based on our track record of earnings and
revenue growth," said Michael Serruya, Co-Chairman and Co-CEO of Yogen Fruz.
"The normal course issuer bid reflects management's confidence in Yogen Fruz's
ability to build value for its shareholders."
As at May 31, 1998, Yogen Fruz had 4,762 locations in 82 countries, and is the
world's largest franchisor of frozen yogurt outlets, operating a Family of
Brands, including Yogen Fruz, Bresler's Ice Cream, I Can't Believe It's Yogurt,
Golden Swirl, Paradise, Ice Cream Churn, Swensen's Ice Cream, Steve's Ice Cream
and Java Coast Fine Coffees. In addition, Yogen Fruz markets, sells and
distributes Tropicana frozen desserts, as well as a variety of other branded
frozen dessert products under the Betty Crocker, Yoplait, Colombo, Trix, Lucky
Charms and Yoo Hoo brand names pursuant to long-term exclusive license
agreements.
For further information contact:
Michael Serruya/Richard E. Smith
Co-President and Co-Chief Executive Officer
Yogen Fruz World-Wide Incorporated
Tel: 905-479-8762/Tel: 516-737-9700
Fax: 905-479-5235/Fax: 516-737-9792
