Dallas-based Wingstop has opened location No. 1,000, a major milestone for a brand defined by its simplicity.
Arby’s CEO Paul Brown announced record systemwide sales of more than $3.6 billion, a 25% increase in AUVs and 3.8% same-store sales growth—more than double the growth rate of the QSR category. Those numbers represent 25 consecutive quarters of of same-store sales growth and 11 consecutive quarters of transaction growth for the Atlanta-based brand.
A long-standing relationship with Larry Wilson, founder of CoreLife Eatery, convinced Stevensville, Michigan-based operator Joyce Lunsford to sign on as the healthy restaurant brand’s first franchisee—that and a taste of beet lemonade, something Lunsford thought she’d hate.
If you think your holiday gatherings with family can be fraught, consider John and Janet Mok, Amazing Lash Studio franchisees in New Jersey who have convinced all four of John’s siblings to buy into the franchise, as well. “We’re either heroes or goats, right?” says John with a laugh.
Lois Margolet, founder of Las Vegas-based Capriotti’s Hand Crafted Sandwiches, passed away on Thursday following a battle with lung cancer. She was 68.
“Just like in football, coaches move, so you can’t pick a franchise just for the people, the leadership; you pick it for the model,” said Bradie James, speaking during Franchise Expo South in Dallas. James, a multi-unit franchisee of Mooyah Burgers, Fries and Shakes, is also the company’s director of brand engagement.
Yesterday Yum China announced the grand opening of a new Taco Bell in Shanghai, the chain’s first location in China after a decade-long absence. With a potential customer base of 1.3 billion, Yum Brands and Taco Bell seem excited about the likelihood of a big expansion in China.
Famous Toastery opted not to put too many guardrails on a holiday social media campaign, instead having a little fun with a hypnotizing pancake artist.
Antonio Swad, founder of Dallas-based Pizza Patron and Wingstop, is on to a new venture after selling this week Pizza Patron to the brand's largest franchisee, Charles Loflin of San Antonio.
The headlines this week were negative for Andy Puzder, Trump’s choice for secretary of labor and CEO of CKE Restaurants—so much so that the International Franchise Association commissioned a survey of Carl’s Jr. and Hardee’s employees to counteract a damning one released Tuesday by Puzder foes.
As speculation mounts about how long Drew Brees will continue as quarterback for the New Orleans Saints, it’s becoming clearer that one of the most famous and talented players in the NFL has teed himself up to be a major player in the franchise world for many seasons to come. Adding to his growing empire of Jimmy John’s and Walk-On’s restaurants, he is set to build 69 new Dunkin’ Donuts restaurants in Louisiana.
Real estate in India is like football in the U.S., says Ramnik Chopra, managing director and lead investor in Coldwell Banker India. He’s not saying it’s a game, only that homeowners are fanatical scorekeepers. “Everyone wants to know the price of their property” and every weekend they’re checking the newspapers for the stats, he says.
As the numbers begin trickling in after the cash registers cool down from the holidays, initial reports suggest it was a good Christmas for U.S. retailers in general, with First Data reporting a 4.7 percent year-over-year increase in retail sales during the season as part of its SpendTrend Holiday Season numbers.
Kevin Hein spent 20 years in traditional law firms, most recently at Faegre Baker Daniels in Denver specializing in franchise law, but he’s now joined with an upstart firm called Alexius that provides defined legal services for a fixed fee rather than all-encompassing work for the almighty billable hour.
Amit Pamecha and Joe Bourdow have seen it all in franchising, mistakes and triumphs alike, and have now joined with two other partners to form Premier Franchise Advisors. Their goal is to help franchises and private equity firms avoid the former and achieve the latter. FT asked them to share lessons learned.
That sassy red-head Wendy has been showing her frosty side on social media, as the legacy hamburger chain’s Twitter account has become the subject of mass media articles in recent days.
Bryan Weinstein is the founder and CEO of Bar-B-Clean, a California-based grill cleaning business whose franchisees encounter more gross stuff than I could find in the darkest recesses of the Franchise Times company refrigerator.
As we move into 2017, it’s time for a little year in review. It’s been another strong year at Franchise Times, and the editorial content here was booming with features, special projects, and franchise news items.
Chalak Mita Group Managing Director Pushpak Patel gives a glimpse inside the well-diversified company built on the trust between best friends at the 2016 Restaurant Finance & Development Conference. The group is growing every which way from QSR to hotels and even a Jamaican cricket team.
Partner and attorney Derek Ladgenski of Katten Muchin Rosenman LLP discusses the “active” M&A market at the 2016 and his outlook for 2017 at the Restaurant Finance & Development Conference. And what’s going to happen when interest rates ticket up? Ladgensky says nobody really knows, “all you can do is get ready.”