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FRANCHISE NEWS ARCHIVE
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Jean Coutu posts loss of $269.2M. The Jean Coutu Group Inc. posted a third-quarter loss of $269.2 million, reversing a year-ago profit of $232.1 million. .... [more]
29/4/08
Priszm Fund deeper in the red as sales slip. Priszm Income Fund deepened its first-quarter loss to $1.8-million as sales at its fast-food restaurants declined 3.2 per cent from a year earlier to $77.6-million amid a slimming of the organization. .... [more]
24/4/08
Love thy franchisees. Almost a year after opening a Nurse Next Door franchise in Kamloops, B.C., Gord and Tara Simpson are receiving fewer and fewer calls from their clients. Yet, what seems like an ominous trend has in fact bolstered the Simpsons’ confidence that they’ve bought into the right franchise system. .... [more]
23/4/08
Speedy acquires Minute Muffler chain. Speedy Corp. is taking over the Minute Muffler group, adding the 91 Minute Muffler franchises across Canada to its 65-shop Speedy Auto Service franchise network. .... [more]
17/4/08
Pet Valu nixes dissident's proposed list of directors. Pet food and supplies retailer Pet Valu Canada Inc. has rejected a slate of directors proposed by dissident shareholder Goodwood Inc., advising shareholders yesterday to vote against it at an upcoming meeting. .... [more]
16/4/08
Pet Valu board faces shareholder revolt. A Toronto investment firm is moving to shake up the board of Pet Valu Inc. and its subsidiary Pet Valu Canada Inc. at the upcoming annual meeting of the pet food wholesaler and retailer. .... [more]
8/4/08
V2K Announces Increased Franchise Sales in Canada. V2K International, Inc., announced today that 25% of the franchise locations opened this calendar year by its wholly owned subsidiary, V2K Window Fashions, have been in Canada. .... [more]
8/4/08
Papa John's plans Canadian expansion. Pizza delivery chain Papa John's International Inc. has signed development agreements with four franchisees for a total of 57 new stores in Canada. .... [more]
7/4/08
Tim Hortons franchise in Afghanistan a raging success. A newly arrived British soldier actually thought the hugely popular and profitable Department of National Defence-owned Tim Hortons franchise at this noisy airbase was a religious cult. .... [more]
27/3/08
Canadian Tire ditches print catalogue, moves online. Canadian Tire Corp. is quietly phasing out the printed edition of the catalogue it has been publishing twice a year for almost nine decades, with a whopping current print run of 6 million copies an issue – in favour of taking the publication entirely online. .... [more]
27/3/08
Franchisors change their business focus. Selling her very first yoga studio more than a year ago was like saying goodbye to an old friend, says yogi Jenny Kierstead, but she’s happy she chose to franchise because it has allowed her to stay involved with the business. .... [more]
25/3/08
Hey, Joe. Franchisee sees Original Joe's chain as a perfect fit for Eighth Street strip. .... [more]
25/3/08
Jose Armario Appointed Group President of McDonald's Canada and Latin America. McDonald's Corporation today announced that Jose Armario has been appointed Group President of McDonald's Canada and Latin America effective immediately. .... [more]
27/2/08
Canadian coffee icon places greater focus on global market. Second Cup, the iconic Canadian-owned coffee company, founded in Toronto in 1975, has been preparing for an increasing presence in the global market. The growing franchise chain today announced that its 400th Café opened for business in Istanbul, Turkey on January 26, 2008. .... [more]
26/2/08
Tim Hortons picks franchisee to lead, boosts dividend on higher profit. Canadian coffee and doughnut icon Tim Hortons Inc. is about to start taking its orders from a former franchisee as the company ushers in a new CEO to help prepare for rough economic times ahead. .... [more]
20/2/08
Tim Hortons hikes dividend. Coffee-shop chain Tim Hortons Inc. saw profits jump 11.5 per cent in the fourth quarter and will boost its quarterly dividend after surpassing expectations for operating income last year. .... [more]
20/2/08
Tim Hortons appoints new chief executive. Tim Hortons Inc has promoted Don Schroeder to president and chief executive, and also made him a company director, the coffee and doughnut retailer said on Tuesday. .... [more]
19/2/08
Century 21 franchisor still going '120 mph'. Here's what you need to know about Gary Charlwood: he runs more than a marathon a week and swims more than 500 kilometres a year. For a good nine months of the year, he shows up at the office wearing a suit jacket and shorts, a look he calls "elegant." That, and he is quite possibly Canada's most successful franchisor. .... [more]
11/2/08
Entrepreneurs see juicy opportunities with Caffe Sorrentino. The gushing sound of an espresso being poured at an Edmonton cafe may reverberate around the world. .... [more]
10/2/08
Junk Removal Founder Awarded Entrepreneur of the Year by International Franchise Association. 1-800-GOT-JUNK? Founder and CEO Brian Scudamore took a step closer to realizing a global dream today, accepting the International Franchise Association's Entrepreneur of the Year award at the IFA annual convention in Orlando, Florida. .... [more]
11/2/08
Canadian Tire Q4 profit up 15.5% Retailer Canadian Tire Corp. reported today a 15.5 per cent increase in the fourth-quarter to $125.1 million as total retail sales across its hardware, clothing and petroleum outlets rose 3.1 per cent to $3 billion. .... [more]
7/2/08
Fake security camera stirs tempest in a toilet. A fake surveillance camera pointing into a bathroom stall of a Second Cup restaurant was taken down yesterday after it sparked concerns from the chain's executives and the Quebec government. .... [more]
5/2/08
The buck stops here: Renegotiating the dollar. Renegotiating a contract at the eleventh hour is never ideal, says Ben Hanuka, chair of the franchise law and litigation team at Goldman Sloan Nash & Haber in Toronto.
.... [more]
23/1/08
Coffee chain's recipe
for franchise success. The husband and wife team of
Nan Eskenazi and Michael Going, co-founders of the Good Earth Coffeehouse
and Bakery chain in Calgary, are franchising their outlets and expanding
into BC. .... [more]
11/1/08
Forzani's president cut loose. The former president and chief operating officer at the Forzani Group Ltd. says he was taken by surprise after being let go from the sports retailer yesterday, a day after the company reported a 21 per cent jump in holiday season sales. .... [more]
11/1/08
Forzani Announces Important Organizational Change. The Forzani Group Ltd., Canada's largest retailer of sporting goods, today announced a reorganization that sees Tom Quinn assume the role of President for both the corporate and franchise businesses. .... [more]
10/1/08
Franchise Services of North America Inc. Announces New Franchises for U-Save and Rent A Wreck Canada. Franchise Services of North America Inc. announced today the signing of a U-Save Master Franchise Agreement for the Country of Mexico, a new U-Save airport franchise in Colorado Springs, Colorado, and a new Rent A Wreck franchise in Gormley, Ontario. .... [more]
7/1/08
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