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The Martha s Vineyard Times
Big plans, same ice cream at Mad MarthaâsÂ
50-year-old business changes hands; will offer flavors both familiar and new.
Mad Martha s is under new ownership.
A group of investors and Island businessmen are the new owners of the three Mad Marthaâs Ice Cream stores, purchasing the 50-year-old frozen novelty business and buildings for a total of $8.2 million.
The buyers are led by Brook Katzen, owner of Little House Cafe and Island Cove Adventures mini golf, and Jim Shane, a real estate developer and Edgartown resident. Katzen and Shane will work as business co-managers, with Katzen conducting general operations. Katzenâs role in the purchase was first reported by The Times in April.