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.
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 2015.
Randy Evans, a dynamic restaurant and retail lawyer, lost his battle with cancer and died May 23.
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.
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.”
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.
“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.
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.
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.
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.
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.
Sometimes it’s a dirty job here at Franchise Times, like my current advance work to explore the latest restaurant trends while I’m in New York City next month for the annual International Franchise Expo at the Javits Center.
We all know the annoying buzz of a mosquito stuck in our bedroom. To most Americans, it’s a nuisance, but for families across Africa, it portends one of the deadliest diseases known to man: malaria.
The largest massage concept in the U.S. will be undergoing a major, company-wide facelift. Last week, Massage Envy announced plans to remodel more than 700 of its franchised locations, alongside a plan to increase its product offerings to become a total body care service.
A pair of friendly capital partners are taking the reins from another pair of close friends, preparing Mooyah Burgers, Fries & Shakes for its next phase.
There’s no question that Domino’s has stolen the bulk of the recent mojo in the ongoing pizza wars sweeping across the globe. The latest salvo promises to ratchet up the intensity, as Yum Brands announced a dramatic $130 million investment for its Pizza Hut brand.
After announcing a $223 million loss and missed first-quarter expectations, Hertz shares fell sharply this week, accelerating what’s been a startling decline of the car rental giant’s share price over the last eight months.
Franchise attorney Beata Krakus has a sure-fire way to make certain her clients stay awake when she conducts training on compliance with a myriad of franchise laws. “One of my first slides is a picture of a guy behind bars. That tends to get everyone’s attention real quick,” she said at a presentation yesterday. Krakus, with Greensfelder Hemker & Gale, spoke Monday at the International Franchise Association’s Legal Symposium in Washington, D.C.
New rules are just around the corner for what franchisors can and cannot say in their financial performance representations, also known as FPRs or Item 19, and two attorneys laid out some details yesterday at the IFA Legal Symposium in Washington, D.C.
Accelerating its previously announced plans to focus solely on its franchisees, Famous Dave’s announced it is refranchising its remaining 33 company-owned restaurants during the next two years.