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Ace Actively Fueling Store Growth

Ace Hardware is a sleeper in the franchise world—much bigger than many people would suspect with nearly $15 billion in annual global sales, nearly 4,500 U.S. locations and a #6 ranking in the Franchise Times Top 200+ list of the largest franchisors. As it seeks to fuel additional growth, Ace announced a new financing program to help owners scale up.
May 25, 2017, 10:40 am

A&W’s CEO on Growing a 98-year-old Brand

Riding in the car with A&W CEO Kevin Bazner on our way to a third-generation restaurant in Wisconsin, I had the opportunity to ask more questions than any gracious source should be subjected to. We talked about jazzing up the menu, shifting the marketing message and bolstering the profits of a 98-year-old brand.
May 24, 2017, 3:34 pm

McDonald's Ex-Boss Scoops up PizzaRev, BWW is Out

PizzaRev has landed a majority investor, and it’s a big name—Cleveland Avenue based in Chicago, a new venture capital firm founded in January by Don Thompson, McDonald’s former CEO who retired from the Golden Arches in March of 2015.
May 24, 2017, 12:00 pm

Monroe Moxness Berg Dynamo Randy Evans Loses Battle with Cancer

Randy Evans, a dynamic restaurant and retail lawyer, lost his battle with cancer.
May 23, 2017, 4:30 pm

Forget the Feds—NYC Makes Counting Calories Mandatory

How long will it take on the treadmill to work off that burger and fries? In New York City, restaurants must begin to disclose now the number of calories in their menu items. That’s so even though the rest of the nation got a reprieve earlier this month when federal disclosure rules were postponed until May 7 next year.
May 23, 2017, 3:17 pm

Uncertainty Rules as Restaurant Industry Assesses Trump Admin.

Speaking today during the session, “The First 100 Days of Trump: What it Means for You,” Cicely Simpson, executive vice president of policy and government affairs for the National Restaurant Association, noted a high level of uncertainty remains as Congress continues its focus on the repeal and replacement of Obamacare while “all of those other promises from the campaign, they have not been touched.”
May 23, 2017, 2:08 pm

Are Three Brands Better than One? JAB Hopes So

In the heart of Wells Fargo Tower in downtown Minneapolis sits a trend that’s been largely abandoned—the tri-brand restaurant. The Coffee & Bagels operating company, a Caribou and Einstein Bros. Bagels mashup under JAB Holding Company, has teamed up with Argo Tea to develop tri-branded units throughout Minnesota.
May 23, 2017, 1:22 pm

And Now, From the 'Full Employment for Lawyers' File...

“The franchise world has watched joint employment cases with everything from concern to terror,” declared Heather Perkins, an attorney with Faegre Baker Daniels in Denver at the International Franchise Association’s Legal Symposium May 9, and she proceeded to update the audience about two key cases with conflicting outcomes.
May 23, 2017, 10:51 am

There's No Such Thing as a Free Blog Post—Disclose It

If you provide free clothes or free video games in return for blog posts from customers, do you have to disclose it? The Federal Trade Commission says yes. That’s according to a panel of attorneys who discussed social media strategies at the International Franchise Association’s Legal Symposium in early May.
May 23, 2017, 9:43 am

Talking Millennial Myths at the NRA Show

If we’re to believe the prevailing narrative, millennials are mostly a generation of rather lazy, self-involved, over-parented people struggling to integrate themselves into adulthood and spending most of their time staring at their smartphones. They want information handed to them in neat little boxes—and more pictures, please—and hey, if you want to reward them for their behavior, even better.
May 21, 2017, 7:49 pm

From Cigar Box to Acquisition, PostNet Sells to MBE

Back in the day, Steven Greenbaum, then age 21, operated his independent pack-and-ship business “out of a cigar box” and with “bathroom scales,” as he told Franchise Times in 2008. This week Greenbaum sold PostNet, the franchise system he co-founded in 1992 that today has 660 franchise locations in nine countries, to MBE Worldwide.
May 19, 2017, 11:30 am

Good News: ‘Zors Providing Better Financial Info

Like any investment, franchising is a gamble for those considering putting their money on the line. To that end, we encourage all players in the industry to disclose as much financial information as possible. A new report by FRANdata suggests franchisors are getting the hint.
May 18, 2017, 2:43 pm
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