Blackstone is buying restaurant franchiser Tropical Smoothie Cafe is buying restaurant franchiser Tropical Smoothie Cafe. The ...

New York City-based private equity firm Blackstone announced Wednesday that it was entering into an agreement to purchase Tropical Smoothie Cafe, for what has been reported to be a $2 billion deal.

The chain is betting Charles Watson can bring some of the development magic from Tropical Smoothie Cafe, but the macroeconomy may have other ideas.

Charles Watson replaces former Smalls CEO Maria Rivera, who left the 24-unit fast-casual chain last month. Investors hope he can replicate ...

Charles Watson, who led Tropical Smoothie Cafe for more than six years and shepherded it through its acquisition by Blackstone, is joining Smalls Sliders as CEO, according to a press release ...