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Crisis Experts Debate Future of Papa John’s

Eight months into the rolling catastrophe formerly known as Papa John’s, it appears the franchised pizza giant and PJ himself have not yet reached the bottom of this murky barrel. Three crisis management experts shared their thoughts on mistakes made, along with best practices to follow if your brand ever finds itself in similarly dire straits.
July 19, 2018, 2:03 pm

Seven Brands Agree to Excise Poaching Verbiage

No sooner had one prominent franchise attorney, Amy Cheng of Cheng Cohen, told Franchise Times that franchisors should not unilaterally yank anti-poaching clauses out of their contracts—than seven franchise brands did just that. The chains are Arby’s, Auntie Anne’s, Buffalo Wild Wings, Carl’s Jr., Cinnabon, Jimmy John’s and McDonald’s, in a settlement with Washington state's attorney general.
July 18, 2018, 4:34 pm

Back to Drawing Board in NLRB/McD’s Deal

An administrative law judge nixed as “inadequate”and too narrow in scope the proposed settlement in the long-running saga between McDonald’s and the National Labor Relations Board over the joint employer issue.
July 18, 2018, 4:08 pm

Franchise agreements in black and white – with respect for the grey areas

Segmenting and selecting franchisees is a way to steer a relationship toward certain characteristics. To be certain those decisions will work as intended, a franchisor needs to be able to back them up effectively on paper.
July 17, 2018, 3:36 pm

Black Bear Diner Launches "Bears Brew Back" Program in Nicaragua

Bruce Dean, co-founder of Western family restaurant chain Black Bear Diner, has always had an interest in the political and social issues in Nicaragua, where the company sources the majority of its coffee. Using the success of his company to help the communities growing this coffee, Black Bear Diner has launched “Bears Brew Back.”
July 17, 2018, 2:15 pm

New Owners Coming for Tilted Kilt

Sports bar franchise Tilted Kilt is about to have new owners following the announcement of an acquisition by ARC Group. ARC, the owner, operator and franchisor of Dick's Wings & Grill, is set to purchase Tempe, Arizona-based Tilted Kilt, with plans to lay out a refined strategy and action plan for the brand over the next 60 to 90 days.
July 17, 2018, 11:44 am

Data Dive Gives a Glimpse at the McDonald’s Playbook

Ahead of McDonald's second-quarter earnings, some data shows how the QSR giant is maintaining its lead over the rest of the segment.
July 17, 2018, 10:26 am

Franchised Education Growth Continues With Learning Experience Acquisition

From janitor to CEO of early-education franchise The Learning Experience, Richard Weissman is no stranger to impressive growth in the education industry. After “significant interest” from multiple holding companies, TLE was recently acquired by Golden Gate Capital—the next step in its consistent progress.
July 17, 2018, 9:33 am

High Bluff Takes on the Turnaround of Quiznos, Taco Del Mar

There are a handful of new multi-brand operators out there, pooling resources to take on the big challenges in the restaurant space, including turning around tired brands. The private equity firm High Bluff Capital Partners is doubling down on the model and seeks to return both Quiznos and Taco Del Mar to growth.
July 13, 2018, 2:14 pm

Fleet Feet Runs From 'Retail Apocalypse' With New Experiences for Consumers

As online conglomerates take over the retail world, brick-and-mortar stores are scrambling to find ways to lure consumers into their stores. North Carolina-based Fleet Feet, formerly Fleet Feet Sports, is overcoming this trend by combining a rebranding effort with new features such as an app mimicking the millennial favorite Bitmoji.
July 12, 2018, 1:42 pm

Difficult Job a Perfect Fit Says Edible's New CEO

Here’s a daunting job description: Become the first CEO other than the legendary founder for a 19-year-old franchise involving fresh-cut fruit arrangements with more than 1,200 units. Reverse declining same-store sales and promote a new brand, launch a new prototype store and enter into an entirely new category of offerings. For Mike Rotondo, it sounded perfect.
July 12, 2018, 1:00 pm

RBI Bets Big on China’s Burgeoning Coffee Market

Restaurant Brands International announced a deal to build 1,500 Tim Hortons locations across China in the next 10 years.
July 12, 2018, 11:54 am
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Cosmopolitan HotelRestaurant Finance & Development Conference
November 12-14, 2018
Wynn/Encore Las Vegas
Find financing and make deals at the best networking event in the restaurant industry.

 

RioFranchise Times Finance & Growth Conference
May 7-9, 2019
Rio, Las Vegas

Franchising's premier investment event brings together lenders, investors, franchisors and multi-unit franchisees.

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Resources

Top 200+ Franchises

The 10 largest franchise brands roared back in 2016 after losing sales the prior year for the first time in the history of the Franchise Times Top 200+. Adding an impressive $7.8 billion in combined global sales during 2016, the top 10 companies grew sales by 2.8 percent.

Vendor Directory

The Franchise Times Vendor Directory is the go-to resource for finding a partner to grow and prosper in the franchise community. This involves everything from legal support, to business services, technology and products/supplies.

Finance & Real Estate Directory

The news on the street may be that money is getting harder and harder to find, but that does't mean finance sources are. Take a look at our list of specialized lenders and pick up the phone and start the relationship.

Top Attorneys

In each April issue of Franchise Times, we feature our annual list of the industry's Legal Eagles: Franchise lawyers at the top of their game, the rainmakers, the go-to guys, adversaries and clients alike.