The second-largest Applebee's franchisee filed for bankruptcy protection, dragging a ‘zor-‘zee spat out into the open.
A California court’s $8.8 million jury award to El Pollo Loco franchisees Michael and Janice Bryman in early May breaks new ground in franchise law, said their attorney, Robert Zarco of Zarco Law in Miami, although the franchisor said it will appeal the verdict and outside attorneys don’t necessarily see it the same way.
“Denny’s has been off again, on again with international,” said Steve Dunn, the company’s chief global development officer. Now the brand is focusing its efforts on finding experienced operators in countries and regions where Denny’s is already in demand.
At the Franchise Times Finance & Growth Conference, I was extremely impressed by Philipp Sitter of King’s Bierhaus, a German beer and bratwurst concept based in Houston. As he seeks to grow beyond its single company unit, I was pleased to see news that the brand partnered with Fransmart to aid its expansion.
Main Squeeze Juice Co. and former New Orleans Saints wide receiver Marques Colston have announced a partnership to open a flagship store on Magazine Street in New Orleans. Colston and his wife, Emily, will also assist the brand’s executive team to support its national expansion plans.
Dwyer Group CEO Mike Bidwell says a longstanding company vision to market a family of brands is in place, and he's gearing up for a nearly $2 billion year.
The National Labor Relations Board said last week it may take up the joint employer issue and resolve it by means of rulemaking, a move that many in franchising say they’d welcome.
Some brands are going beyond fresh, using whole ingredients right from the farm, fishery or field.
Teriyaki Madness CEO Michael Haith’s presentation started with a rap on Asian food: “Teriyaki madness, you’ve got to have this, if you haven’t had this, teriyaki madness," (repeat again and again at a staccato cadence).
“I’ve been waiting for this presentation all day,” said a man in the front row as SubZero Ice Cream founders Jerry and Naomi Hancock hauled in their equipment—three gallons of cream, a stainless steel bowl, a big blue cooler on wheels and, most unusually, a 50-liter tank of liquid nitrogen at a cool minus-350 degrees F.
Drew Ritger wants to see your dry cleaning bill. Go ahead, take it out and see how much it cost to get your jacket or shirt cleaned.
You might not know it at first blush, but Smoothie King CEO Wan Kim is a hilarious and entertaining guy, which I learned over dinner a few years back in the company’s previous home in New Orleans. His presentation at the Franchise Times Finance & Growth Conference was funny and direct as the company rides a wave of enthusiasm for health and fitness across the globe.
Twenty-three years after starting the company with $15,000 that came, in part, from selling his boat, Black Bear Diner CEO and co-founder Bruce Dean never thought he would be here at the helm of a successful brand that’s suddenly breaking out and epitomizing the American Dream.
The repositioning of Del Taco as a “QSR plus” concept is working, says CFO Steve Brake, and last week the Lake Forest, California-based Mexican brand reported its 23rd consecutive quarter of same-store sales growth for company-owned restaurants.
Susan Beth brings an operator’s mindset to her COO role at NRD Capital, winner of a Franchise Times Dealmakers award at a gala luncheon today, for the private equity firm’s acquisition of Ruby Tuesday last December. So her advice for other dealmakers is no surprise.
Wendy's Chief Development Officer Abigail Pringle kicked off the franchise presentations at Franchise Times' Finance & Growth Conference.
While other franchised massage brands are leaning heavily toward skincare and other beauty services, Elements Massage wants to innovate, says CEO Jeremy Morgan.
Brad Fluke, CEO and founder of The Honey Do Service, which sends general contractors to your house to take care of all homeowner needs, owns two corporate stores for two good reasons, he told the audience at the Franchise Times Finance & Growth Conference today.
After a “brutal year in the wings business” in which product prices soared and Wing Zone closed 17 stores, the 25-year-old franchise born out of a Florida frat house is re-branding as WZ Eats, CEO and co-founder Matt Friedman announced at the Franchise Times Finance & Growth Conference today.
Phil Friedman bought Salsarita’s in 2011, and for a while operated it just as it was. But about four years ago he decided a complete overhaul was in order. “I thought it needed a radical change,” he told the audience at the Franchise Times Finance & Growth Conference today.