Franchising: Page 16
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Burger King parent will give operators $70M in cash advancements
Restaurant Brands International is also pausing remodel obligations and deferring rent payments at properties it controls to free up cash for franchisees during the novel coronavirus pandemic.
By Alicia Kelso • March 31, 2020 -
Burger King’s biggest franchisee reverses decision to cut staff pay 10%
Hourly reductions will only apply to staff above store-level workers and CEO Dan Accordino will forgo his salary for three months, Carrols told employees in a memo.
By Emma Liem Beckett • Updated March 25, 2020 -
Inspire Brands acquires 22 Buffalo Wild Wings from franchisee
Along with ICV Partners' $130 million acquisition of Diversified Restaurant Holdings, the company sold 22 Buffalo Wild Wings units to the restaurant holding company.
By Alicia Kelso • March 13, 2020 -
Report: Subway to offer $5 value menu despite franchisee tension
Operators have previously voiced frustrations over the sandwich chain's discounts, one of many changes rolled out by new CEO John Chidsey in a bid to get the struggling company back on track.
By Alicia Kelso • March 6, 2020 -
Jersey Mike’s to spend $150M on franchisee remodels
The sandwich chain plans to cover the $75,000 cost per store for these revamps, which it expects will result in a 10% increase in sales.
By Alicia Kelso • March 3, 2020
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