Newport Creamery is a chain of restaurants in Rhode Island and southern Massachusetts.
[5][6] In the late 1990s, the company ran into financial trouble, losing money, deferring maintenance, and closing 12 of its locations.
In 1999 the Rector family sold the chain to Florida businessman, Robert Swain, for $7.6 million.
[10] The terms of the license mandated the two New England businesses not sell it in New Jersey, leading the expanding Friendly's chain to rebrand it as a "Fribble", and later changing its formula to be more like a traditional milkshake with ice cream instead of ice milk.
When Bond's went out of business in the 1970s, Newport Creamery purchased the trademark and continues to serve the original recipe.