Jeff Wesley was recently named CEO of TWO MEN AND A TRUCK after serving as CFO for the brand for almost eight years. He took over for Brig Sorber, one of the original "Two Men" of the company. This comes on the heels of 57 consecutive months of growth for TMT.
Twelve newcomers appear on the new Fast & Serious list, our annual ranking of the 40 smartest-growing franchises, based on a nine-point, proprietary formula.
It’s Dealmakers time at Franchise Times, when we evaluate the mergers and acquisitions in franchising nominated last quarter by all sorts of players for our annual project.
Last year was a strange one for investors. The DJIA gained only 130 points during the year and many fast-casual restaurant concepts went public to mixed results. Now that we’re into a new, equally weird year, let’s take a look at the winners and losers in franchising as determined by stock market performance.
Behind every freelance writer lurks another career option. We originally wrote a longer story on Robert Lillegard's bakery experience for our sister publication, Foodservice News, but thought Franchise Times readers would enjoy this family business profile, too.
Whether you’re renovating your home or dreaming up a new look for your restaurant, it may be time to look beyond mixing metal and glass with distressed, barnwood-like wood. If it’s a large-scale redesign covering several/many units, you should be even more on top of these shifting winds, as a design lasting 5-15-plus years needs to be as timeless as possible.
A slew of restaurant closings are coming, predicted panelists at a Minnesota Shopping Center Association event this week, as soon as patrons use up their holiday gift cards. “There’s a lot of zombies out there who are dead and they just don’t know it,” said Stephanie March, senior editor at Mpls.St. Paul Magazine. “February will be the reckoning.”
“What’s Hot? What’s Not?” was the topic for real estate and retail pros gathered this week in Minneapolis to hear fashion, restaurant and franchise gurus, including our own Tom Kaiser of Franchise Times, at a Minnesota Shopping Center Association event. Some were obvious and others contentious.
Having started my career as a business reporter right before the good times ground to a halt in 2008, I'm especially sensitive to the warning signs cropping back up in the economy. The latest? Franchisors offering enormous discounts or even waiving the franchisee fee altogether. This cannot be a good thing.
Whether it’s his portrayal of Buster Bluth in Arrested Development or Gary Walsh in Veep, Tony Hale is a delight who is regarded fondly by a wide audience. Subway is wise to use his talents in a new ad campaign clearly designed to turn the page from the Jared Fogle era.
Looking back on the last 12 months proves it's been a great year here at Franchise Times. We've added two new staff writers (myself included!), created some great content, won some industry awards and have even seen a dramatic increase in our web traffic. Not bad for a year's work! Below is a list of our 15 most-clicked stories throughout the year.
Americans are on track to spend $60 billion on their pets this year, according to Pet Supplies Plus. Naughty pets, as well as nice ones, can expect a gift valued at around $30 from their guardians. Not to mention what they can beg, borrow or steal from under the tree.
Coming soon in a Franchise Times issue near you is our annual 20 to Watch feature, which highlights the people, brands and ideas in franchising that we think will be trending next year.
“There is no greater opportunity to make money other than selling your business,” declared John Gordon, founder of Pacific Management Consulting Group, and he explained seven things to nail down before you do so, at a Restaurant Finance & Development Conference panel last month. A few highlights:
Poor Chipotle. With its formerly shiny reputation and lofty goals of locally raised, happy chickens marching straight to your plate, it has become the Jack In The Box of the 2010s. As is often the case with hindsight, nobody saw this coming, but it makes sense that the poster child for locally sourced clean eating now struggles to contain the damage from multiple outbreaks of foodborne unpleasantness.
Regardless of the motivation or science, there is no stopping the "better food" freight train and your restaurant brand (or supply company) better be prepared.
“It’s a great time to do site selection because of all the tools out there and all the data out there,” said Michael Arrowsmith, chief development officer with Captain D’s, in a new video interview with Franchise Times.
Mike Rotondo is CEO of Tropical Smoothie Café and Tin Drum, and he said in a new video interview the first step in franchising is to make the model profitable before starting to grow.
When writing our coverage of our Restaurant Finance & Development Conference for our January issue, we decided to take the New York Times approach with a slight modification. Ours is all the news that fits in print.
Groan, I know, here comes all the “year end” articles and lists, but I can’t resist! After joining the franchise industry a year ago, I’m anxiously looking forward to many things in the coming year, while being very thankful for everything that’s happening up to the present.