Franchising: Page 3
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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 -
Courtesy of Wingstop
Wingstop accelerates growth trajectory amid record-breaking Q1
The company, which now expects to open up to 25 more net new units than initially planned, reported 21.6% same-store sales growth.
By Julie Littman • May 1, 2024 -
Don Wu via Getty Images
Yum’s digital sales mix tops 50% systemwide
Following several quarters of kiosk and e-commerce deployment, digital is on track to generate $30 billion in annualized sales.
By Julie Littman • May 1, 2024 -
Permission granted by Clean Juice
Brix Holdings to buy Clean Juice
The Christian juice chain, which lost dozens of franchise locations over changes to its business model, sold itself for undisclosed terms.
By Aneurin Canham-Clyne • April 29, 2024 -
Courtesy of Sticky's
Chicken tender chain Sticky’s Finger Joint files for Chapter 11
Low foot traffic in Manhattan, exacerbated by high prices for chicken and potatoes, left 12-unit Sticky’s in a weak position.
By Aneurin Canham-Clyne • April 26, 2024 -
Andrew Burton via Getty Images
Flynn Group buys 26 Applebee’s units, will build 25 more
Applebee’s is trying to turn around sliding sales and a shrinking footprint through franchising initiatives and traffic-oriented marketing moves.
By Aneurin Canham-Clyne • April 23, 2024 -
Permission granted by Papa Johns
Papa Johns franchisees accelerating growth this year in light of incentives
Operators who open new units in 2024 don’t have to pay a national ad contribution for five years, which could save $330,000 in development costs, per a BTIG report.
By Julie Littman • April 22, 2024 -
Courtesy of Chuck E. Cheese
6 restaurants that plotted international growth during Q1
Chains like Fazoli’s, Marco’s Pizza and Chuck E. Cheese secured deals to enter new countries as part of ongoing global expansion plans.
By Julie Littman • April 19, 2024 -
Courtesy of Little Caesars
Little Caesars signs multi-unit deals in 7 states
The chain returned to net unit growth in 2023 and is looking to build on that momentum this year in markets including California, Tennessee and Texas.
By Aneurin Canham-Clyne • April 17, 2024
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