Franchising: Page 11
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McDonald’s will raise royalty rate on new US restaurants by 25%
The fee change increases operator royalty rates from 4% to 5%, but most of the Golden Arches’ franchising revenue will still come from rent, CNBC reports.
By Aneurin Canham-Clyne • Sept. 22, 2023 -
Bojangles to surpass 1K units with current development plans
The chicken chain has a 250-unit pipeline and is expanding into non-traditional segments, including travel centers, universities and stadiums.
By Julie Littman • Sept. 20, 2023 -
Chick-fil-A to return to UK in 2025 with first permanent location
The fast food chain, which is eying additional locations in Europe and Asia, will invest $100 million during the next decade in the country.
By Julie Littman • Sept. 15, 2023 -
California state Senate passes major restaurant labor compromise
The labor deal replaced the council outlined in AB 257 with a weakened version, set a $20 sectoral minimum wage, and averted a fight over joint-employer liability.
By Aneurin Canham-Clyne • Sept. 14, 2023 -
How Ascent Hospitality reinvigorated franchising at Perkins, Huddle House
Prior to Peter Ortiz joining Ascent Hospitality as chief development officer, growth was virtually at a standstill for the brands. Now they have signed over 70 franchise agreements.
By Julie Littman • Sept. 13, 2023 -
Papa Johns makes executive adjustments to support domestic, international growth
Amanda Clark, currently chief international and development officer, will become chief operating officer, international. Joe Sieve, chief restaurant officer, will assume North American development responsibilities, effective Sept. 18.
By Julie Littman • Sept. 13, 2023 -
Retrieved from GlobeNewswire on November 02, 2022
Del Taco gets new president
Tom Rose takes the helm at the QSR brand as it refranchises large numbers of stores and pushes for a return to net unit growth.
By Aneurin Canham-Clyne • Sept. 13, 2023 -
Restaurant industry, labor groups to kill CA’s FAST Act referendum with labor council deal
A major amendment to AB 1228 would scrap joint-employer liability and set a $20 minimum wage for QSR chains with 60 or more units.
By Aneurin Canham-Clyne • Sept. 11, 2023 -
Q&A
Potbelly CEO hopes digital kitchen will fuel franchise growth
The sandwich chain is refranchising restaurants in underpenetrated markets where it wants to scale quickly, and an efficiency-focused, digitized backline is proving attractive, said Bob Wright.
By Emma Liem Beckett • Sept. 8, 2023 -
Q&A
IFA CEO: Restaurant franchise model threatened by joint employer revisions
California’s AB 1228 would require franchisors and franchisees to share joint liability for adherence to labor law, which undermines the “business for yourself, but not by yourself” goal, says Matthew Haller.
By Aneurin Canham-Clyne • Sept. 1, 2023 -
Bonchon US appoints chief growth officer
Suzie Tsai brings considerable experience from On the Border and Brinker to the Korean chicken chain as it looks to double its American footprint.
By Aneurin Canham-Clyne • Sept. 1, 2023 -
Pokeworks promotes CFO to CEO
Regina Cheung will continue to serve as CFO as the brand focuses on entering new markets and boosting franchisee profitability.
By Aneurin Canham-Clyne • Aug. 31, 2023 -
Retrieved from GlobeNewswire on November 02, 2022
Del Taco opens first off-premise-only unit
The 1,200-square-foot restaurant in Albuquerque, New Mexico, includes a drive-thru lane, walk-up window and pickup lockers for digital orders.
By Julie Littman • Aug. 30, 2023 -
Krystal launches refranchising program as it targets 500-unit count
The chain, which plans to open 200 units in the next three to four years, is seeking experienced multi-unit operators to purchase company-owned units.
By Julie Littman • Aug. 28, 2023 -
Retrieved from PRNewswire on September 20, 2022
Marco’s Pizza targets 1,200 units
The chain’s development strategy will be driven by multi-unit franchisees and non-traditional unit growth, an embrace of broader franchising trends.
By Aneurin Canham-Clyne • Aug. 24, 2023 -
Little Caesars promotes 2 execs to support global growth
COO Paula Vissing takes on the role of president of global retail while Ed Gleich, chief innovation officer, will become president of global services.
By Julie Littman • Aug. 23, 2023 -
Wendy’s unveils high-capacity kitchen design
The fast food chain is finalizing a back-of-house prototype that can increase capacity by 50%, which complements its rollout of Global Next Gen restaurants.
By Julie Littman • Aug. 16, 2023 -
Subway names new North American President, other execs
Douglas Fry will replace Trevor Haynes as North American president, and the chain announced a new global chief development officer, president of EMEA and SVP of U.S. marketing.
By Aneurin Canham-Clyne • Aug. 16, 2023 -
Captain D’s appoints Cracker Barrel vet as CFO
Jeff Wilson joins the seafood chain, which has over 530 units, as it aggressively franchises to reach its 1,000-store mark.
By Julie Littman • Aug. 14, 2023 -
3 ways Applebee’s is making development cheaper for franchisees
From store conversions to a new prototype, the chain is incorporating ways to reduce buildout costs and increase profitability for operators.
By Julie Littman • Aug. 14, 2023 -
Retrieved from Pure Gold by Qdoba on June 28, 2022
Qdoba wants to double unit count to 1,500 in a decade
The chain is selectively refranchising corporate units to support its growth, while rival Chipotle is scaling through company-owned units alone.
By Aneurin Canham-Clyne • Aug. 10, 2023 -
Fat Brands to open 20 new Johnny Rockets units in Texas
The company signed a development deal with franchisee Brame Holdings to grow Johnny Rockets’ presence in the Lone Star State over the next 10 years.
By Aneurin Canham-Clyne • Aug. 7, 2023 -
Wetzel’s Pretzels expands Twisted concept to Arizona
The QSR chain is actively selling territories for franchised units of its spinoff concept, primarily targeting California and Arizona.
By Julie Littman • Aug. 3, 2023 -
Walk-On’s hires Kendall Ware as COO
Ware, whose experience includes Carvel, Cinnabon and Orange Leaf Frozen Yogurt, will help the brand drive expansion as it nears its 100-unit mark.
By Julie Littman • Aug. 3, 2023 -
Woworks to offer 13 brands from Cloud Kitchens unit in San Francisco
The ghost kitchen concept, called Wow Kitchen, will include menu items from seven virtual brands and its six fast chains under Woworks’ umbrella.
By Julie Littman • Aug. 1, 2023