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June 2020

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Covers everything from good news to bad judgment
NPC International Files for Bankruptcy Protection

NPC International Files for Bankruptcy Protection

The second largest franchise operator in the U.S., NPC International, has just filed for bankruptcy protection in a Texas bankruptcy court.

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Title Boxing Prez Finds Courage to Lead

Title Boxing Prez Finds Courage to Lead

Teaching classes outdoors. Making Title On Demand temporarily free. Adding plexiglass barriers and face shields. These are among the tactics at Title Boxing Club to make it through the pandemic. But President Susan Boresow says the most important element is courage.

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Eagle Merchant Partners Steps Into Code Ninjas

Eagle Merchant Partners Steps Into Code Ninjas

Eagle Merchant Partners is taking a stairstep approach to investing in Code Ninjas, its entry into the kids' education space. Poised to take a majority stake earlier this year, the private equity firm switched to a minority investment.

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Wellness Franchise Restore Attracts Investment From Level 5 Capital

Wellness Franchise Restore Attracts Investment From Level 5 Capital

The investment will help Austin-based Restore Hyper Wellness + Cryotherapy quicken the pace of its franchise growth, open more corporate locations, bolster research and development, and integrate new technology, said CEO Jim Donnelly.

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As PPP Winds Down, Other CARES Opportunities Shine

As PPP Winds Down, Other CARES Opportunities Shine

The historic Paycheck Protection Program was a lifeline for a lot of franchise business, but as the program ends on June 30, the COVID-19-era financing questions are changing to how to meet the program’s forgiveness rules and what other finance options are out there.

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Tune Up Franchise Sues Texas as Governor Closes Bars

Tune Up Franchise Sues Texas as Governor Closes Bars

Tune Up, a chain of men's barbershops that defied lockdown orders in May, is suing Montgomery County, the state of Texas and Gov. Greg Abbott, asking the court to declare unconstitutional a series of executive orders issued since March 19 aimed at containing the COVID-19 pandemic.

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Drybar Taps Former Taco Bell Exec Liz Williams as CEO

Drybar Taps Former Taco Bell Exec Liz Williams as CEO

Calling Drybar, the blowout franchise founder Alli Webb launched in 2010 that now has 142 locations, a premium brand with a “passionate, loyal consumer base,” Liz Williams says there’s opportunity to put her international development experience to work as part of the company's growth vision.

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Harbin Bids $760M for GNC Amid Chapter 11 Filing

Harbin Bids $760M for GNC Amid Chapter 11 Filing

GNC had about 1,000 franchises in the U.S. and 1,949 outside the U.S. in 2019. They'll have to get in line with other unsecured creditors to be heard during the bankruptcy process, said one expert.

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Hand & Stone Sees Surge After Reopening, Despite High-Touch Services

Hand & Stone Sees Surge After Reopening, Despite High-Touch Services

Hand & Stone Massage and Facial Spa owners are seeing surges in appointment bookings at locations that hired back employees after furloughs and reopened, despite the obviously high-touch services offered.

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Wingstop to Subdivide Territories, Explore Ghost Kitchens

Wingstop to Subdivide Territories, Explore Ghost Kitchens

While the COVID-19 crisis temporarily disrupted real estate operations, Dallas-based Wingstop is resuming its efforts to reach 6,000 locations, which will include a mix of traditional stores with dining rooms, delivery-only facilities in key neighborhoods and fortressing efforts to add new units in existing brand territories.

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Wag N’ Wash Founders Use Social Media to Support LGBTQ+ Pride, BLM Movement

Wag N’ Wash Founders Use Social Media to Support LGBTQ+ Pride, BLM Movement

Jef Strauss and Dan Remus, the founders of Wag N’ Wash Natural Pet Food & Grooming, took to social media to express their support for LGBTQ+ Pride and the Black Lives Matter movement.

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Court Upholds Force Majeure Defense for Missed Rent

Court Upholds Force Majeure Defense for Missed Rent

A court held that government restrictions to combat the spread of COVID-19 “qualify as a force majeure event and represent a valid reason” for non-payment of rent and other contractual obligations, according to an alert by law firm Marks & Klein. The case underscores the importance of the exact language in a lease.

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Sales, Traffic Claw Back as Consumers Opt to Go Out

Sales, Traffic Claw Back as Consumers Opt to Go Out

New data from across the restaurant industry is encouraging, but there is still a long way to go to get anywhere near normal.

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The Race Conversation Is Tough, but Crucial

The Race Conversation Is Tough, but Crucial

As the anguish surrounding George Floyd’s death evolves into an ongoing conversation about race, business leaders face more and more pressure to address that very big, very sensitive topic.

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Will Carbon Join Calories on the Menu Board?

Will Carbon Join Calories on the Menu Board?

It took a long time to get calories on the menu, but when they arrived, consumers actually started eating fewer calories. Will the same happen with carbon emissions?

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Franchise Execs Talk Next Steps as Restaurants Reopen

Franchise Execs Talk Next Steps as Restaurants Reopen

The conversation turned personal on a Franchise Times webinar today about reopening the economy with three leading restaurant franchisors: Had those executives—of BurgerFi, Focus Brands and Checkers & Rally's—been back to dine in if their states were open? "No way, no how," said one.

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COVID-19 a ‘Kick in the Butt’ for L&L Hawaiian Barbecue

COVID-19 a ‘Kick in the Butt’ for L&L Hawaiian Barbecue

Like many restaurant franchises pushing to adapt quickly in the wake of the pandemic, Honolulu-based L&L Hawaiian Barbecue is working through its share of challenges. CEO Elisia Flores said franchisees' ingenuity has been paramount to its success.

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School of Rock Launches Songwriting Program Amid COVID-19 Remote Learning

School of Rock Launches Songwriting Program Amid COVID-19 Remote Learning

In-person performances at School of Rock are currently off the table due to the pandemic, but the franchised music school has added songwriting to its curriculum, including capabilities for students to record original songs and produce their own demos.

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Leadership Lessons from 1-800-GOT-JUNK Founder

Leadership Lessons from 1-800-GOT-JUNK Founder

Brian Scudamore wrote the book on learning from failures in business—literally, as the founder of 1-800-GOT-JUNK and the author of "WTF! Willing to Fail" explained in a recent interview full of humility. Those lessons are working overtime during the pandemic.

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Multi-unit IHOP ‘Zee on How Businesses Should Address Racial Inequalities and Shortcomings

Multi-unit IHOP ‘Zee on How Businesses Should Address Racial Inequalities and Shortcomings

Black franchise leaders are speaking out about George Floyd, racial inequality and what actions businesses can take. This article features Adenah Bayoh, a multi-unit franchisee of IHOP and co-founder of Cornbread, a farm-to-table soul food concept.

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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.

Laura MichaelsLaura Michaels is editor of Franchise Times. She can be reached at 612.767.3210, or send story ideas to lmichaels@franchisetimes.com.
 
Beth EwenBeth Ewen is senior editor of Franchise Times. She can be reached at 612.767.3212, or send story ideas to bewen@franchisetimes.com.
 
Nicholas UptonNicholas Upton is restaurants editor at Franchise Times. He can be reached at 612.767.3226, or send story ideas to nupton@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.
 

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