Franchising: Page 2
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Permission granted by Arby's
Arby’s franchisee files for Chapter 11 bankruptcy
Miracle Restaurant Group declared its second bankruptcy since 2010, citing financial pressures, rising costs, negative same-store sales and its inability to sell a number of low-performing stores.
By Julie Littman • June 26, 2024 -
Courtesy of Subway
48-store Subway operator declares bankruptcy after wrongful death suit appeal denied
River Sub owes the survivors of a murdered manager nearly $3 million, by far the largest liability on its balance sheet.
By Aneurin Canham-Clyne • June 25, 2024 -
Permission granted by Nothing Bundt Cakes
Nothing Bundt Cakes plots path to 1K units by 2027
The dessert shop opened its 600th unit this month and plans to open 120 this year as it works toward an annual growth rate of around 150 new units.
By Julie Littman • June 20, 2024 -
Courtesy of Yum Brands/Pizza Hut
Why Pizza Hut closed several locations in the Midwest
Roughly a dozen locations in Indiana temporarily closed in June as operator EYM Group faces an ongoing legal battle with the chain over a contract dispute.
By Julie Littman • June 20, 2024 -
Permission granted by Qdoba
Qdoba offers $100K cash bonus to spur new franchisee commitments
The company aims to double its store count in seven years and will reward new and existing operators who open units by September 2026.
By Aneurin Canham-Clyne • June 18, 2024 -
Justin Sullivan / Staff via Getty Images
Traffic at QSR chains in California declines following minimum wage increase
Price increases meant to offset the cost of the sector’s $20 minimum wage in the state have significantly dented customer visits, data from Placer.ai shows.
By Julie Littman • June 13, 2024 -
Justin Sullivan via Getty Images
Jack in the Box to enter Georgia with 15-store deal
The fast food chain’s move into the the Peach State is a major boost to its expansion strategy in the Southeast, which has also focused on Florida.
By Aneurin Canham-Clyne • June 12, 2024 -
Permission granted by &pizza
Q&A // Meet the execHow &pizza’s CEO brought the cool back into the brand
Mike Burns, now seven months into his tenure at the pizza chain, turned the music up in stores and told employees to be who they are as part of reviving the brand’s culture.
By Julie Littman • June 6, 2024 -
Courtesy of TGI Fridays
Why TGI Fridays expects hotels to be a growth channel
The full-service chain, which opened a unit inside Hilton Garden Inn in Hollywood, California, says converting generic restaurants inside hotels decreases time and cost to develop.
By Julie Littman • June 6, 2024 -
Permission granted by Rusty Taco
Good 2 Go grows partnership with Mexican QSR
Rusty Taco will open its first seven shops in Colorado alongside the convenience store chain’s locations
By Jessica Loder • June 4, 2024 -
Permission granted by Swig
Swig hires Dutch Bros exec as chief development officer
Daniel Batty brings over 20 years of QSR experience to his role at the 81-unit beverage chain that has 500 signed franchised agreements.
By Julie Littman • June 4, 2024 -
Brandon Bell via Getty Images
McDonald’s disputes claims prices have risen 100%
Joe Erlinger, McDonald’s U.S. president, said pricing on the Big Mac has gone up 21% since 2019 and is in line with inflation.
By Julie Littman • May 30, 2024 -
Permission granted by Captain D's
Captain D’s signs its largest development deal to date
The seafood chain’s 26-unit deal with Amazing Food Concepts marks a meaningful shift in the composition of its store base toward franchised units.
By Aneurin Canham-Clyne • May 29, 2024 -
Retrieved from Naf Naf.
Naf Naf grows partnership with Love’s
After debuting the Middle Eastern cuisine restaurant in 2020, Love’s will have six locations across travel stops in five states by the end of this year.
By Brett Dworski • May 29, 2024 -
Courtesy of Fuzzy's Taco Shop
Fuzzy’s Taco Shop signs 2 deals for 40 stores in the Southwest
After shrinking the brand’s footprint following its acquisition, Dine Brands is returning Fuzzy’s to growth through franchising.
By Aneurin Canham-Clyne • May 24, 2024 -
Permission granted by Clean Juice
Brix plots expansion for newly acquired Clean Juice
The restaurant company plans to improve Clean Juice’s operations, update the menu and add as many as 25 new units by 2025.
By Julie Littman • May 22, 2024 -
Permission granted by 7 Brew
Top 500 restaurant chains grew 2023 sales 7.5% despite traffic declines
Emerging concept 7 Brew was the fastest-growing chain, increasing its unit count over 373% last year, according to a Datassential report.
By Julie Littman • May 20, 2024 -
Permission granted by BurgerFi
BurgerFi’s sales fell 10% in Q1
The chain attributed some of its difficulties to a consumer pullback, but said weather accounted for its exceptionally poor performance.
By Aneurin Canham-Clyne • May 15, 2024 -
Permission granted by Fat Brands/Twin Peaks
Fat Brands files for Twin Peaks IPO
Fat plans to use the proceeds of an IPO to deleverage its balance sheet, which includes over $1 billion in debt taken on in a flurry of recent acquisitions.
By Julie Littman • May 14, 2024 -
Brandon Bell via Getty Images
McDonald’s to focus on digital marketing with new fund
The fund, which will be paid with existing contributions, will allow the chain to market more effectively to customers within its app.
By Julie Littman • May 10, 2024 -
Permission granted by Potbelly
Potbelly unveils smaller, digital-centric prototype
The 1,800-square-foot design is 500 square feet smaller than a traditional Potbelly store, which CEO Robert Wright said will help lower construction and lease costs.
By Julie Littman • May 9, 2024 -
Permission granted by Smoothie King
Smoothie King hires Yum Brands exec as CFO
Gavin Felder, who most recently served as chief strategy officer at Yum Brands, joins the chain as it continues an aggressive growth push with positive same-store sales momentum.
By Julie Littman • May 9, 2024 -
Rex_Wholster via Getty Images
NLRB appeals joint employer ruling to 5th Circuit
A federal judge vacated the Board’s joint employer final rule in March, holding that it was “contrary to law” and “arbitrary and capricious.”
By Ryan Golden • May 7, 2024 -
Courtesy of El Pollo Loco
El Pollo Loco’s new CEO unveils 5-part operations overhaul
From digital investments to incentivizing franchisees to bolster growth, Liz Williams laid out a path she expects will drive sales while decreasing costs.
By Julie Littman • May 6, 2024 -
Chip Somodevilla via Getty Images
Biden vetoes bill against joint employer rule
The president scotched Congressional efforts to block a broadened definition of joint employment, though court decisions may yet kill the rule.
By Aneurin Canham-Clyne • May 3, 2024
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