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 CANADA
FRANCHISE NEWS ARCHIVE
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: : Jul-Dec 2000
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Richtree says Mövenpick left it holding the bag. Canadian
franchisees of Mövenpick are accusing the Swiss restaurant and hotel
giant of neglect and have launched a lawsuit against the company,
seeking to recoup $1.8-million in franchise fee payments. .... 15/12/00
The economic power of the deep-fried potato. When
Jay Gould saw the hordes of people lining up for fresh french fries
at a fair-weather chip cart in Manhattan 20 years ago, he knew it
was a golden opportunity. .... 13/12/00
Hartco blames third-quarter loss on store closures. The
company, which franchises computer and communications stores, reported
a third-quarter loss of C$658,000, or 5 Canadian cents a share, compared
with a profit of C$161,000, or 1 Canadian cent a share in the same
quarter last year. .... 12/12/00
Forzani plans to blast out on Internet: Strikes deal with Blast
Radius to launch in spring. Forzani Group Ltd., Canada's largest
sporting goods retailer, is planning its own branded Internet sales
site in the wake of a failed alliance with a U.S.-based sports Web
site partly owned by hockey legend Wayne Gretzky. .... 2/12/00
Restaurant chains hungry for staff. The market
for workers is so tight, franchises are resorting to recruitment and
retention strategies rarely seen in a sector known for 'McJobs,' JOHN
SOUTHERST writes. .... 23/11/00
Lawsuit accuses police of doughnut-based favouritism.
Toronto police officers are accused of having a conflict of
interest in a theft investigation because the complainant in the case
is a doughnut shop owner. .... 16/11/00
Nevada Bob's seeks protection from creditors in Canada,
U.S. Nevada Bob's Golf Inc., once aiming to become the world's
largest specialty golf retailer, has filed for court protection against
its creditors in both Canada and the United States. .... 27/10/00
Nevada Bob's Golf trading halted. The prospects
of Nevada Bob's Golf Inc. remained murky last night as investors and
sportswear suppliers waited for news from the debt-ridden company
after its stock was halted on the Toronto Stock Exchange pending news.
.... 26/10/00
Check out the agreement and ask a lot of questions. Franchising
has reshaped Canadian cities and those in most of the developed world,
providing products from fast food to shoe repair, crane rental, legal
services and medical laboratory services. Funeral services are franchised;
insect and vermin control are, too. .... 23/10/00
Jean Coutu drugstores posts first-quarter profit. Canadian
pharmacy chain Jean Coutu Group on Wednesday said net earnings rose
19 percent in the first quarter thanks to an increase in sales at
its U.S. outlets as well as strong performances in its Canadian franchises.
.... 18/10/00
Danforth locals fear franchises may taint area. The
future opening of three popular fast-food franchises on The Danforth
has divided residents and business owners about the changing nature
of their community. .... 17/10/00
Rumours swirl Nevada Bob's on verge of deal. Reports
circulated yesterday that troubled retail chain Nevada Bob's Golf
Inc. is on the verge of signing a deal with a buyer. The golf supplies
seller is said to be under the gun to sell from a powerful group of
U.S. creditors. .... 12/10/00
Venture-capital deals in the tech sector from Macdonald
& Associates. Ledgers Canada Inc., the operator of an on-line
portal that provides professional bookkeeping, taxation, working capital
and financial services to small businesses, has landed $1.6-million
in financing. .... 12/10/00
Nevada Bob's to revert stores back to franchises. In
a marked change of course, retailer Nevada Bob's Golf Inc. has announced
it plans to sell off ownership of its stores and turn them back into
franchises in an effort to raise much-needed cash and pay down its
heavy debt load. .... 11/10/00
What's new in franchising. Emerging concepts
show its appeal beyond the fast-food sector and that influences such
as the Internet bring constant change, JOHN SOUTHERST writes. ....
11/10/00
Nevada Bob's Canada reorganizes to avoid bankruptcy.
Canadian golf retailer Nevada Bob's Canada Inc. said on Tuesday its
financial situation is in peril and it will file for bankruptcy unless
it can secure financing and sell about 80 of its retail stores as
franchises. .... 10/10/00
INTEREST - Some neighbourly advice on how to sell. Bad
news, Canada. The United States not only kicked our butts at the Olympics,
it makes us look like a bunch of amateurs in the business of marketing.
.... 6/10/00
Activists stage Second Cup boycott. French-language
activists are staging a boycott of Second Cup coffee shops because
they believe the franchise's Quebec outlets should carry a French
name. .... 2/10/00
Ford cracks down on unauthorized export sales. Ford
Motor Co. of Canada Ltd. is hitting some of its dealers with penalties
of more than $1-million in a bid to solve what it regards as a festering
problem Canadian dealers selling new vehicles to U.S. buyers. ....
2/10/00
Pizza franchisees look to rise in the east.
Building on success in Edmonton, the partners are at the forefront
of Boston Pizza's push into the lucrative Southern Ontario market,
JOHN SOUTHERST writes. .... 21/9/00
Forzani sprints ahead: Q2 profit doubles to $1.6M as revenues
rise 15%. The Forzani Group Ltd., Canada's biggest specialty
sporting-goods retailer, has entered the back-to-school season on
a winning streak after doubling its quarterly profit on robust sales
growth. The company said Tuesday that it earned $1.6 million in its
second financial quarter ended July 30, up from $744,000 a year earlier.
.... 29/8/00
Franchisor knows how to turn a buck. Not many
people look at a dollar store and think of trust companies. Bud Walker
did, and now he owns a franchised chain of 98 dollar stores that rang
up sales of $35-million last year. .... 9/8/00
Edwards quits as chief of Nevada Bob's. Lyle Edwards,
president and chief executive of financially troubled Nevada Bob's
Golf Inc. has resigned, less than a year after the Canadian firm came
to the rescue of its bankrupt U.S. parent. .... 28/7/00
French toast. In France, one tends to
leave the table satisfied and disinclined to seek supplements at the
local Krispy Kreme doughnut franchise. In health-fascist America,
obesity is epidemic. .... 27/7/00
Bitove hopes size will help new fast-food giant,
'priszm.' Forget the menu. As the fast food fight in Canada
grows nastier, competitors such as John Bitove Jr. are increasingly
convinced that the weapons of choice are superior size and those old
real estate standbys - location, location and location. .... 25/7/00
Can Krispy Kreme bite into Canadian market? Not everyone
is convinced that doughnut-craving Canadians still have room for the
brand that's conquered U.S. appetites. .... 20/7/00
Jean Coutu posts solid results, to split stock. Fast-growing
pharmacy chain Jean Coutu Group posted a rise in fiscal year profit
on Wednesday that fell in line with analysts' expectations. .... 19/7/00
Diners for families no mom and pop deal. ABC, Ricky's,
Smitty's. Drive along any main road in Canada and the ubiquitous neon
signs for these and other family restaurants are hard to miss. ....
11/7/00
Merci to all our inferiors. Delightful though it may
be to see a tiny French McDonald's franchise humbled, it should be
noted that the French do not enjoy one single freedom of any sort
that was not purchased at a high price by North Americans. .... 7/7/00
Pharmacies must innovate in battle for bucks. Large grocery
and discount stores are muscling in on the lucrative pharmacy business,
forcing drug store chains to find creative ways to deal with the onslaught
and remain profitable. .... 7/7/00
Franchise legislation may snare entrepreneurs. Many business
operators who don't consider themselves to be franchisors may find
Ontario's law applies to them. .... 5/7/00
Cinnaroll signs deal to open 50 stores in southeast Asia. Gourmet
cinnamon roll maker Cinnaroll Bakeries Ltd. has signed a 50-store
franchise agreement with Global Cinnergy Group, a franchise operator
in southeast Asia. .... 4/7/00
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