Franchising: Page 9
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Judge bars Burgerim and its founder from selling franchises
Burgerim could owe the FTC up to $56 million in civil penalties and money earmarked for consumer redress. Oren Loni, CEO and founder of the disgraced restaurant chain, settled separately in November.
By Aneurin Canham-Clyne • Feb. 23, 2024 -
Courtesy of Mountain Mike's Pizza
Mountain Mike’s Pizza appoints longtime COO as CEO
Jim Metevier, who has overseen the pizza brand's operations since 2018, will lead the chain as it looks to grow beyond its West Coast base.
By Aneurin Canham-Clyne • Feb. 22, 2024 -
WendellandCarolyn via Getty Images
QSR franchised units to grow 2.2% in 2024, IFA says
Despite ongoing labor pressure and high costs of doing business, the QSR industry will add over 4,300 units this year and become the second fastest-growing franchise industry, per the association.
By Julie Littman • Feb. 21, 2024 -
Justin Sullivan via Getty Images
Denny’s is still shrinking
The chain's system has contracted 9% since 2017, and may shrink again in 2024 as the company forecasts comparable sales growth between 0% and 3%.
By Aneurin Canham-Clyne • Feb. 21, 2024 -
Permission granted by Focus Brands
Focus Brands renames itself GoTo Foods
The name change is designed to highlight the value its brand portfolio, including Moe’s Southwest Grill, Auntie Anne’s, Carvel and Cinnabon, offers to consumers and franchisees.
By Aneurin Canham-Clyne • Feb. 20, 2024 -
Courtesy of Tim Hortons
Restaurant Brands International targets 40K stores globally by 2028
The Burger King and Tim Hortons owner plans to grow its global footprint by 9,000 stores by 2028, driven by international development and strengthened home-market performance.
By Aneurin Canham-Clyne • Feb. 16, 2024 -
Courtesy of Burger King
How Burger King boosted franchisee profitability in 2023
Following the franchisor’s hefty investments in marketing, remodels and redesigns, operators reported higher than expected profitability.
By Julie Littman • Feb. 14, 2024 -
Courtesy of Taco Bell
Flynn Group reportedly seeking $5B majority stake sale
The country’s largest franchisee has about $4.5 billion in annual sales and grew much of its portfolio in recent years through various acquisitions.
By Julie Littman • Feb. 12, 2024 -
Permission granted by Del Taco
What’s behind Del Taco’s franchising surge
The Mexican QSR chain signed over 138 franchise commitments in fiscal 2023 and plans to be over 90% franchised by 2026, said Van Ingram, Del Taco’s VP of franchise development.
By Julie Littman • Feb. 9, 2024 -
Courtesy of Popeyes
17-unit Popeyes franchisee files for bankruptcy
RRG said losses at three of its units made it impossible to sustain timely lease payments at its remaining stores, pushing the operator to seek Chapter 11 protections.
By Aneurin Canham-Clyne • Feb. 6, 2024 -
garett_mosher via Getty Images
McDonald’s franchisee settles rape case for $4.35M
McDonald’s franchisee Rice Enterprises will sell its restaurants to fund a $4.35M settlement with a minor who was sexually assaulted by a manger.
By Aneurin Canham-Clyne • Feb. 6, 2024 -
Permission granted by Ascent Hospitality Management
Ascent Hospitality bolsters C-suite with CTO, Perkins president hires
Toni Ronayne will lead Perkins after serving as managing director, Canada at Little Caesars, while Steven Roach becomes chief technology officer after working at Focus Brands.
By Julie Littman • Feb. 5, 2024 -
Courtesy of Subway
Subway sells 3.5M Sidekick snack items within 2 weeks of launch
The chain’s Footlong Cookies have been so popular that it temporarily removed them from digital ordering platforms to better manage demand.
By Julie Littman • Feb. 2, 2024 -
Courtesy of Inspire Brands
Inspire Brands promotes Jason Maceda to development chief
Maceda will oversee the restaurant company’s franchise growth as part of a reorganization of its corporate structure.
By Aneurin Canham-Clyne • Jan. 31, 2024 -
Michael Thomas via Getty Images
Deep DiveCost pressures may drive restaurant franchisee bankruptcies in 2024
Issues with margins or cash flow due to supply shocks, labor shortages and other disruptions can push operators into covenant default over their debts, experts said.
By Aneurin Canham-Clyne • Jan. 30, 2024 -
Kate Tornone/Restaurant Dive
Boston Market’s fee-free growth push raises questions
The beleaguered chicken chain, which has faced hundreds of closures and numerous lawsuits, wants to expand into non-traditional locations with no buy-in requirements for operators.
By Julie Littman • Jan. 26, 2024 -
Permission granted by Potbelly
Potbelly has signed 192 development agreements in 16 months
The signings are part of Potbelly’s Franchise Growth Acceleration initiative, which launched in 2022, to become 85% franchised and reach 2,000 units.
By Julie Littman • Jan. 25, 2024 -
Courtesy of Doherty Enterprises
Doherty Enterprises buys 21 Applebee’s restaurants
The acquisition will expand the franchisee’s territory to include the Five Boroughs of New York City and Westchester County.
By Aneurin Canham-Clyne • Jan. 19, 2024 -
Courtesy of Taco Bell
Restaurants are cranking up value in 2024 — but traffic may not follow
Chains from Taco Bell to Popeyes are pushing more promotions for low-priced items, but analysts said they expect few improvements to traffic and margins.
By Julie Littman • Jan. 18, 2024 -
Courtesy of Wendy's
Wendy’s hires Yum exec to lead US development
Tatiana Lambert will lead the company’s domestic expansion as it looks to grow its franchisee base and build new restaurant formats.
By Aneurin Canham-Clyne • Jan. 17, 2024 -
Retrieved from The House of Representatives on January 12, 2024
House votes to overturn NLRB’s joint employer rule
The House may disapprove of joint employer, which would increase restaurant franchisor liability for employees, but Senate maneuvering will determine the fate of the rule.
By Aneurin Canham-Clyne • Updated Jan. 12, 2024 -
Courtesy of QDOBA
How Qdoba is plotting growth in Chipotle’s shadow
Chipotle’s company-owned business model has left a franchised-shape hole in the Mexican fast casual sector. Qdoba wants to fill it.
By Aneurin Canham-Clyne • Jan. 11, 2024 -
Courtesy of Papa Johns
How Papa Johns plans to boost margins, store-level profitability
The second phase of the pizza chain’s Back to Better initiative will focus on a new nationwide marketing strategy, development incentives for franchisees and supply chain improvements in North America.
By Julie Littman • Jan. 10, 2024 -
Courtesy of Pret A Manger
The biggest franchise agreements of 2023
From Caribou Coffee to Hawaiian Bros, several chains signed large multi-unit deals as part of their aggressive growth strategies.
By Julie Littman • Dec. 22, 2023 -
Permission granted by Beef O' Brady's
FSC Franchising buys Newk’s Eatery
The owner of The Brass Tap and Beef ‘O’ Brady’s, plans to add 10 to 15 units annually to Newk’s system.
By Aneurin Canham-Clyne • Dec. 20, 2023
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