Retired NBA star and Hall of Fame center Shaquille O'Neal stopped in for breakfast at Rachel's Kitchen, a bistro franchise concept in Las Vegas.
Show your enthusiasm for the best franchises in the industry with the Franchise Times Zor Awards recognizing the best companies in 10 hot industry segments. This interactive awards program allows our readers to vote for their favorite brands in each of 10 categories
This latest funding round brings MOD Pizza's total equity capital raised to more than $185 million, financing the company said will help it bolster its presence in existing U.S. markets and in the United Kingdom.
After eight years as Domino’s president and CEO, Patrick Doyle announced he is leaving the company on June 30 after several years of massive sales growth that brought the Michigan-based global pizza giant over the $10 billion mark in annual revenue.
Pizza Hut delivered a surprise at this year’s International Consumer Electronics Show with the announcement that the pizza giant has partnered with Toyota on the development of fully autonomous delivery vehicles with Toyota.
As the rest of the country experiences the bomb cyclone, which we here in Minnesota simply call winter (sorry, rest of the country), we’d like to invite you up to the perfect event for a minus-11 day: The Pirtek Snocross National, scheduled for today and tomorrow at Canterbury Park in Shakopee, a Minneapolis suburb.
If I had a dollar for every young franchisor that says they’ll get to 100 units in a couple of years, I’d have a whole lot of dollars. In fact, I edit such predictions out of the stories we publish in Franchise Times because they almost never come true. A new report by FranchiseGrade backs me up.
Changing consumer trends and increased competition are wreaking havoc in certain restaurant segments, and even though the pizza category remains hot, new consumer research shows Domino’s eating Pizza Hut’s lunch as the great pizza wars rage onward.
Orangetheory Fitness tops this year’s Franchise Times Fast & Serious list, its 218 percent unit increase over the past three years evidence of CEO Dave Long’s smart growth strategies, one of which is a commitment to the area representative model.
Code Ninjas, a new franchise dedicated to teaching kids software coding, announced a major milestone with 100 franchise agreements in development with 53 franchisees in 23 states. Noting that parents are “increasingly willing to pay for their children to learn while having fun,” the Texas-based children education brand is one of several brands seeing an uptick in interest in one of franchising’s hottest categories.
I first became a business reporter in 2005, and it's disconcerting seeing some of the same worrying trends both in the auto realm and also within the greater business community.
Continuing a national trend of franchisors offloading corporate-run restaurants, Church’s Chicken announced the sale of 70 restaurants to a new franchise operator with a goal of helping the company accelerate its reimaging program and expanding local influence in two of the brand’s most important markets.
From Jimmy John to Antonio Swad, we dove into our Google Analytics to compile this year’s most-read stories on FranchiseTimes.com. As always, there were a few surprises, but 2017 was the year of the mega-deal as highlighted by our web traffic.
There’s no better time to say “Look how good I’m doing!” than late December, and Dwyer Group is happy to announce that its 19 brands produced record growth during 2017 as many categories outside restaurants and retail ride the wave of widespread economic growth.
Valerie McCartney is the VP of franchise development for Broken Yolk Café, which in recent years has expanded beyond its home state of California to Arizona, Florida and Illinois. It’s the brand’s “wow” average unit volume that really stands out, McCartney tells Franchise Times Managing Editor Laura Michaels, because “at the end of the day, people want to make money.” Broken Yolk is also opening its first fast-casual format restaurant.
Captain D’s sold to Sentinel Capital and Qdoba went to Apollo Global Management this week, in separate franchise deals that come amid the usual flurry of end-of-the-year mergers and acquisitions.
Franchise expert David Grossman joined with DMK Burger Bar co-founders David Morton and Michael Kornick to launch a franchise expansion plan for the Chicago-based premium burger concept. He talks with Franchise Times Managing Editor Laura Michaels about scaling the brand to “bring it to small cities and neighborhoods across the country.”
“In welcome news for franchisors,” as a Gray Plant Mooty attorney put it in a franchise law alert today, last week the National Labor Relations Board decided to “expressly overrule the controversial joint employer standard espoused two years ago” in the Browning-Ferris Industries case. But anyone doing a happy dance should probably keep it brief, as Mike Gray said.
With the changing workforce, the ease of online shopping and the surge in streaming entertainment, there are fewer and fewer reasons to leave the house, and as market research company NPD notes, “the most popular place to eat out [in 2018] will be in the home.”
Whatever happened to the remaining ProCuts franchisees—six people who owned nine stores and invested more than $3 million into them—who sued Regis Corp., the franchisor of both Supercuts and ProCuts, back in 2015, saying they were owner/operators in a dead system? They settled with the franchisor for $1.305 million in total, the Supercuts FDD shows.