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From Cigar Box to Acquisition, PostNet Sells to MBE

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.

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Good News: ‘Zors Providing Better Financial Info

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.

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Restaurant Trend Hunting in NYC

Restaurant Trend Hunting in NYC

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.

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Mosquito Joe Takes on Malarial Mosquitos in Africa

Mosquito Joe Takes on Malarial Mosquitos in Africa

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.

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Massage Envy Rolling Out New Services and Remodel

Massage Envy Rolling Out New Services and Remodel

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.

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The Friendly Acquisition of Mooyah Burgers

The Friendly Acquisition of Mooyah Burgers

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.

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Yum Announces Big Pizza Hut Investment

Yum Announces Big Pizza Hut Investment

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.

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Hertz Hits the Skids on Weak Numbers

Hertz Hits the Skids on Weak Numbers

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.

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Penalties Can Be Steep for Franchise Law Violations

Penalties Can Be Steep for Franchise Law Violations

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.

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What Can Your FPR Say? New Rules Ahead

What Can Your FPR Say? New Rules Ahead

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.

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Famous Dave’s Selling Company Stores to Its ‘Zees

Famous Dave’s Selling Company Stores to Its ‘Zees

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.

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KFC Pens 'Tender Wings of Desire' Romance Novella for Moms

KFC Pens 'Tender Wings of Desire' Romance Novella for Moms

With Mother’s Day fast approaching, KFC has cooked up something special: its first romance novella titled “Tender Wings of Desire” as a thank-you to all the moms. Paired with its $20 Fill Up deal or as a free e-book download on Amazon, this is a legitimately unique marketing ploy that I fully support.

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Take Care Before Posting That Photo, Attorney Advises

Take Care Before Posting That Photo, Attorney Advises

“When it comes to copyright law there is a profound amount of ignorance,” declared Mark Anfinson, a media law attorney in the Twin Cities in a talk last week before magazine editors and writers. Anyone who posts or publishes content—in other words, just about everyone—should pay attention to his advice.

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Rushing to Disclose Calories? Never Mind for Now

Rushing to Disclose Calories? Never Mind for Now

Restaurants and other food sellers had until this Friday, May 5, to disclose calories on their menus, but heavy last-minute lobbying by grocery stores, convenience stores and pizza chains caused the U.S. Food & Drug Administration to delay enforcement—until next year, May 7, 2018, says a Gray Plant Mooty alert.

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Great Harvest's Shot at Panera Goes to FTC

Great Harvest's Shot at Panera Goes to FTC

Well, you can’t say Eric Keshin lacks chutzpah, as the president of Great Harvest Bread Co. sent a letter to the Federal Trade Commission this week requesting it and the Justice Department look into the purchase of Panera Bread by JAB Holding Co. and examine it on anti-competitive grounds.

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Break Your News Bubble, Columnist Bruni Begs

Break Your News Bubble, Columnist Bruni Begs

Have you been outside your news bubble today? I ask because that’s what New York Times columnist Frank Bruni challenged us all to do, in a recent talk he gave in Minneapolis called “Media in the Age of Misinformation.”

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Hiring Is Tough & You’re (Probably) Doing It Wrong

Hiring Is Tough & You’re (Probably) Doing It Wrong

The CEOs of Harri and Hireology share some valuable insight on what everyone’s doing wrong, and how innovation is leading to a smarter hiring process that can dramatically reduce the amount of time and money wasted on attracting sub-par candidates.

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Dairy Queen's Impressive Growth Streak

Dairy Queen's Impressive Growth Streak

For a brand that’s nearly 80 years old, Minneapolis-based Dairy Queen is growing at a snappy clip, exceeding many of its QSR competitors. As part of the lead-up to brand owner Berkshire Hathaway’s annual meeting in Omaha, Nebraska, DQ provided a quick update of its recent progress. The numbers are impressive, and not just for a brand that’s as old as Tina Turner, Chuck Norris and Sir Ian McKellen.

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You Can Try This at Home, but Meditation Studios Are Currently in Vogue

You Can Try This at Home, but Meditation Studios Are Currently in Vogue

The trials and tribulations of multi-tasking as an intellectual properties litigator brought Hamid Jabbar to the mat, first as a yoga instructor and then as a meditation guide. The 37-year-old is one of the instructors at a new franchise, Current Meditation, in Phoenix.

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NFL Vet Donnell Thompson Signs With Del Taco

NFL Vet Donnell Thompson Signs With Del Taco

There’s no denying the trend of active and retired athletes getting into franchising. Former NFL player Donnell Thompson is the latest with the announcement that he signed a development agreement to build five new Del Taco locations on the east side of Atlanta, further supporting the brand’s recently announced expansion plans in the Southeast U.S.

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Covers everything from good news to bad judgment

About This Blog

The latest news, opinions and commentary on what's happening in the franchise arena that could affect your business.

Tom KaiserTom Kaiser is associate editor of Franchise Times. He can be reached at 612.767.3209, or send story ideas to tkaiser@franchisetimes.com.
 
Beth EwenBeth Ewen is editor-in-chief of Franchise Times. She can be reached at 612.767.3212, or send story ideas to bewen@franchisetimes.com.
 
Nicholas UptonNicholas Upton is staff writer at Franchise Times. He can be reached at 612.767.3226, or send story ideas to nupton@franchisetimes.com.
 
Mary Jo LarsonLaura Michaels is managing editor of Franchise Times. She can be reached at 612.767.3210, or send story ideas to lmichaels@franchisetimes.com.
 
Mary Jo LarsonMary Jo Larson is the publisher of Franchise Times Magazine and the Restaurant Finance Monitor.  You can find her on Twitter at
 twitter.com/mlarson1011.
 
Nancy WeingartnerNancy Weingartner is editor-at-large of Franchise Times magazine and the editor of the Food On Demand media project. You can reach her at 612-767-3200 or at nancyw@franchisetimes.com.
Follow her on Twitter at http://twitter.com/nanweingartner.
 

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