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What if Driverless Cars are Just Around the Corner?

We had just sent Tom Kaiser’s story about driverless cars to the printer, when Ford Motor Co. came out with the boldest statement yet about how near that seemingly sci-fi day is. Said CEO Mark Fields: “We’ll be mass-producing self-driving cars within five years.”
August 18, 2016, 4:32 pm

Cost of Bathroom Wars is $20 Million for Target

Ever wonder the cost for trying to appease multiple interest groups? For Target Corp., it’s $20 million, which it will spend this year to add private, family restrooms to the rest of its stores, executives said in a conference call yesterday.
August 18, 2016, 4:10 pm

The Time Is Right to Sell Your Biz

If you’re considering selling your business anytime in the next few years, a franchise business broker has this piece of advice: act now, because we’re at the top of the cycle of this continued but can’t-last-forever seller’s market.
August 16, 2016, 11:33 am

Time for the NextGen to Step Up

Having just interviewed a 22-year-old Erbert & Gerbert’s franchisee from Texas, who impressed the heck out of me, it’s a great time to shine a light on the IFA’s fantastic NextGen in Franchising Global Competition that is accepting applicants for the year.
August 12, 2016, 1:48 pm

Warburg Pincus Boosts BlueGrace With Minority Investment

BlueGrace Logistics of Riverview, Florida, got a $255 million shot in the arm this week from private equity firm Warburg Pincus, which its founder says will provide “a major shot of adrenaline” to growth plans.
August 12, 2016, 1:43 pm

Good Dog Day Numbers

It’s not just the humidity. As a business reporter, things tend to slow down during the dog days of summer. While the presidential election reaches its climax for boredom or excitement, a fresh round of economic indicators paint a rosy picture of our union as we enter the final weeks of summer.
August 12, 2016, 8:58 am

Legendary Eater Kobayashi Wins Chronic Taco Challenge

The taco-eating challenge at The Palms in Las Vegas this year was chronic, if not pretty. The legendary eater and reigning champ Takeru Kobayashi gobbled down137 chicken soft tacos in 10 minutes to claim the $5,000 cash prize and the flowered skull trophy of the 6th Annual Gringo Bandito Chronic Tacos Challenge.
August 10, 2016, 6:01 pm

Zerorez Operator Sues Olympics Over Free Speech

Michael Kaplan, owner of a Zerorez franchise in a Minneapolis suburb, simply wanted to congratulate the “11 amazing Minnesota athletes” competing in the Olympics in Rio, using social media to do so. But when his attorney warned him against it, citing aggressive actions against other small businesses by the U.S. Olympic committee to protect its trademarks, Kaplan decided to sue in federal court.
August 10, 2016, 1:47 pm

Moe’s Southwest Grill Eyes Detroit

After news that Little Caesars is building a new headquarters in Detroit comes another great Motor City tidbit: Moe’s Southwest Grill, an Atlanta-based burrito brand, is looking for multi-unit franchisees to bring the brand into the resurgent Midwestern city.
August 5, 2016, 11:03 am

Wingstop Rocks Q2, Inks 100-unit Saudi Arabian Deal

In a joint release, Dallas-based Wingstop announced its second quarter ‘16 financial results showing revenue up 18.2%, 69 new locations opened, same-store sales up 3.1 percent and—perhaps most significantly—the signing of a new international franchise agreement that will bring 100 new Wingstops to Saudi Arabia.
August 5, 2016, 10:21 am

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