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 CANADA
FRANCHISE NEWS ARCHIVE
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: : Jan-Jun 2004
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Canadian Tire plans Shanghai office. Canadian Tire
Corp. is opening a Shanghai office this fall as it increases the number
of made-in-China products it sells in Canada. .... [more]
25 Jun, 2004
Body Shop International in talks to buy Body Shop Canada's 111
outlets. Two decades after bringing the Body Shop to Canada,
Margot Franssen is throwing in the citrus-scented towel. .... [more]
24 Jun, 2004
M&M leads bids for Laura Secord. Canadian frozen
food specialty chain M&M Meat Shops Ltd. has emerged as the leading
bidder for chocolate retailer Laura Secord with an offer valued at
$25.5 million. .... [more]
22 Jun, 2004
QuikDrop plans 20 Ebay dropoff sites in Ontario. Two
operators of food and automotive service outlets have won the rights
to open 20 EBay dropoff stores in Ontario. .... [more]
21 Jun, 2004
Dollar-store operator Denninghouse posts Q4 loss. Denninghouse,
which operates 317 stores under the Buck Or Two and Dollar Ou Deux
banners, said its loss for the three-month period ended Jan. 31 amounted
to 12 cents per share. .... [more]
21 Jun, 2004
Richtree settles litigation against founding members and Swiss-based
parent. Richtree Inc., which runs the Movenpick, Marche and
Marchelino restaurants in Canada and the US, has settled a bitter,
nine-month battle for control of the company. .... [more]
16 Jun, 2004
Movenpick power struggle nears resolution. The company
that runs the Movenpick restaurant chain in Canada and the United
States is close to ending a bitter struggle for control with its former
chief executive officer. .... [more]
13 Jun, 2004
Coutu plans $500-million stock sale. Drugstore chain
Jean Coutu Group Inc. hopes to take advantage of share price to help
pay down debt. .... [more]
11 Jun, 2004
Canada Agency Buys Starbucks for Hospital. The Saskatoon
Health Region is buying a Starbucks coffee franchise for Royal University
Hospital to boost funding for patient care, an official says. ....
[more]
9 Jun, 2004
Pizza Delight income fund IPO delivers $50.7M. PDM Royalties
Income Fund has completed its initial public offering of units, raising
$50.7 million at $10 per unit. .... [more]
8 Jun, 2004
Sports retailer Forzani Group says industry consolidation is
'fantastic news'. Forzani Group Ltd. expects to excel in the
currently tough retail business climate despite a near 35 per cent
drop in its share price over the last seven months. .... [more]
3 Jun, 2004
Coffee maker Van Houtte's Q4 profits nearly double.
Coffee company Van Houtte, which is aiming to boost its presence in
Ontario, expects its earnings per share in the current fiscal year
to climb by 10 to 15 per cent. .... [more]
3 Jun, 2004
Brick to be income trust. The Brick Warehouse Corp.
plans a $400-million income trust initial public offering, as founder
William Comrie cashes in part of his stake in the furniture and home
electronics chain. .... [more]
31 May, 2004
Jumbo Video sold to Quebecor unit. In its first venture
outside Quebec, Le SuperClub Videotron is buying Jumbo Entertainment
Inc. and its 105 stores, operating as Jumbo Video, Microplay and Starstruck
video and game rental outlets across Canada. .... [more]
21 May, 2004
Hardware chain Rona's Q1 profits rise. Hardware
and home-renovation chain Rona Inc. nearly doubled its profits in the first quarter
on a 40.6 per cent jump in sales, helped by a major acquisition. .... [more]
18 May, 2004
Donini, Inc. Sells First Casual Dining Full Service
Franchise. President and CEO Peter Deros announced today that the Company
had sold its first casual dining restaurant franchise. .... [more]
13 May, 2004
Mother, daughter team up for seafood restaurant venture.
Virna Fechter-Belyk, a first-time entrepreneur, is welcoming customers to her
new seafood restaurant - Saskatoon's second Joey's Only location. .... [more]
13 May, 2004
Canadian Tire to offer movies, food at gas-bar stores.
No longer content to sell mostly hardware and gasoline, Canadian Tire Corp. is
aiming to pump up sales by providing busy commuters with prepared meals and movie
rentals at its "next generation" convenience stores. .... [more]
11 May, 2004
Foreign Franchisors Expanding Into Canada.
Canada continues to be the most important market for US franchisors operating
outside of the US. .... [more]
7 May, 2004
Spectra to Franchise Bread Garden Cafes. Spectra
Group of Great Restaurants Inc. announced today that it has entered into a Master
Licensing Agreement with BG Franchising Inc., which will have the right to franchise
Bread Garden Cafes throughout Canada and the USA. .... [more]
6 May, 2004
Home sale boom helps Royal LePage. The Royal
LePage Franchise Services Fund reported today a profit of $63,000 on revenues
of $4.9 million as it added 225 new agents. .... [more]
4 May, 2004
Rent-A-Wreck Grants Newfoundland Area Franchise Agreement.
Dave Forseth, Chairman and CEO of Rent-A-Wreck Capital Inc. announced today that
the company has granted an Area Franchise Agreement. .... [more]
28 Apr, 2004
Tim Hortons leads Wendy's profit up 20% in Q1.
Wendy's International's earnings rose 20 per cent in the first quarter, helped
by strong sales and a favourable Canadian exchange rate for its Tim Hortons chain.
.... [more]
22 Apr, 2004
Jean Coutu says Q3 profit up 14% Jean Coutu
Group, which has just made a $3.1-billion splash to acquire more than 1,500 drugstores
in the United States, earned $48.5 million in the third quarter despite severely
cold weather and a weaker U.S. dollar. .... [more]
22 Apr, 2004
Loblaw's getting back to the Gardens. Loblaw
is back at centre ice with a plan to turn Maple Leaf Gardens into a grocery store,
the product of two months of behind-the-scenes talks after a deal was scuppered
last year. .... [more]
20 Apr, 2004
The Brick furniture retailer opens six stores in Quebec;
Maritimes next. The Brick Warehouse furniture and appliance chain opened
its first six Quebec stores simultaneously on Wednesday, hoping to grab attention
in a province where it's expected to face plenty of home-grown competition. ....
[more]
14 Apr, 2004
SFU development a franchise-free zone.
One of British Columbia's top universities has declared itself a no-go area for
big corporate franchises as it moves to build a village that will house 10,000
residents on its mountain campus. .... [more]
14 Apr, 2004
La Senza trims Q4 loss to $4.4M. La Senza Corp.
narrowed its fourth-quarter loss by about 10 per cent on increased sales but produced
an annual loss of almost $13 million, due to writedowns in its U.S. business and
poor performance at its store for girls. .... [more]
7 Apr, 2004
RadioShack and InterTAN in Canadian brand tangle after
Circuit City deal. U.S.-based RadioShack Corp. has gone to court to sever
its branding and merchandise agreements with InterTAN Inc., which operates the
more than 800 RadioShack stores in Canada. .... [more]
6 Apr, 2004
Rona faces tough battle to control 25% of home improvement
retail market. With consolidation underway among hardware and home improvement
retailers, Rona Inc. plans to grow aggressively over the next three years by snatching
up mom-and-pop shops as well as building new big-box stores. .... [more]
6 Apr, 2004
Jean Coutu transforms into U.S. firm paying $3.1B for
1,539 Eckerd drugstores. Jean Coutu Group will be transformed into an
American-focused company with the acquisition of 1,539 Eckerd drugstores in the
eastern United States. .... [more]
5 Apr, 2004
Rebates rhubarb. Fulfilling a dream, Lorne Petterson
bought a Food Basics franchise in 1996, soon turned around what had been a struggling
A&P store. Sales doubled. Profits rolled in. Then A&P changed the rules.
.... [more]
4 Apr, 2004
Canadians franchising passion in Paris. Fruits
& Passion, a Quebec chain of body-care product boutiques, is moving to make
springtime in Paris even more beautiful. .... [more]
4 Apr, 2004
Jean Coutu confirms talks on US acquisition: deal for
Eckerd said imminent. Jean Coutu Group confirmed Friday that it is "engaged
in negotiations" on a major American acquisition.
.... [more]
2 Apr, 2004
RadioShack sale may roil tech retailers. In
a move that could eventually shake up the Canadian consumer electronics retailing
market, U.S.-based Circuit City Stores Inc. said yesterday that it is set to snap
up the company that runs RadioShack in Canada. .... [more]
1 Apr, 2004
Jean Coutu rumoured close to deal for Eckerd.
Fresh reports suggest Canada's second-biggest pharmacy operator is close to a
deal to buy part of the giant Eckerd drugstore chain in the United States from
J.C. Penney Co. .... [more]
1 Apr, 2004
Small-business owners optimistic: Survey. The
economic confidence of Canadian small business owners held firm in the first three
months of this year but rising costs for energy and insurance are major concerns.
.... [more]
31 Mar, 2004
Forzani Group buys Gen-X Sports. The Forzani
Group Ltd. will spend nearly $4 million in stock to acquire Gen-X Sports, which
specializes in selling excess inventory from manufacturers, as Canada's sporting
goods giant braces for harder times in the retail sector. .... [more]
24 Mar, 2004
Canadian Tire opens wedding gift registry.
A retailing innovation long awaited by Canadian bridegrooms is about to become
a reality: Canadian Tire is opening its national wedding gift registry. .... [more]
22 Mar, 2004
Pizza franchise chain founder charged. Toronto
Police have charged the founder of the 3 for 1 Pizza & Wings Inc. franchise
chain with fraud. .... [more]
19 Mar, 2004
Convenience store chain Couche-Tard's Q3 profit drops
40% Alimentation Couche-Tard Inc. saw its profit drop by 40 per cent in
its fiscal third quarter, but revenue soared as the convenience store company
absorbed more than 2,200 U.S.-based Circle K outlets. .... [more]
16 Mar, 2004
Civil suit alleges Stop 'N' Cash payday loans charge
excessive interest, fees. An Ontario woman has launched a civil suit against
Stop 'N' Cash, claiming it charges excessively high interest and fees on the loans
it provides through its franchised stores. .... [more]
11 Mar, 2004
HCX Salons sells Canadian franchise rights to Toronto
businessmen. HCX Salons International, a franchisor of hair salons, has
sold the development rights for its expansion into Canada, which calls for the
opening of 265 franchises by 2014. .... [more]
8 Mar, 2004
7-Eleven plans to move into malls. 7-Eleven
Canada Inc. wants to become an even more convenient store by moving into malls,
hospitals, universities and airports to try to capture a larger customer base.
.... [more]
20 Feb, 2004
Loblaw sales rise 13% Grocery chain Loblaw
Cos. Ltd. reported a higher profit in the fourth quarter and a 12.9 per cent rise
in sales. .... [more]
17 Feb, 2004
Canadian Tire stock at five-year high as Q4 profit
up 47% to $93.6M. Canadian Tire Corp. shares inflated to a five-year high
Thursday after the retailer reported fourth-quarter profits grew 47 per cent and
it promised to increase its quarterly dividend by 25 per cent. .... [more]
12 Feb, 2004
Shoppers Drug Mart Q4 profit grows to $69M, up from
$62M in 2002. Shoppers Drug Mart Corp. increased its fourth-quarter profits
by 12 per cent as improved sales and marketing helped boost sales at Canada's
biggest drug store operator. .... [more]
12 Feb, 2004
David Phelan won't oppose sweetened Cara bid.
Paul David Phelan abandoned his fight to block Cara Operations Ltd. from going
private Tuesday, saying he would not vote against the sweetened bid. .... [more]
10 Feb, 2004
Bid to take Cara private blocked. A group looking
to privatize Cara Operations Ltd. stood behind its bid for the owner of the Swiss
Chalet, Second Cup and Harvey's restaurants and gave no indication it will sweeten
an offer that was blocked Tuesday by two key minority shareholders. .... [more]
3 Feb, 2004
New berry gives juice a boost. Straight from
the Amazon, a new Brazilian supermodel can be found in Canada. While it may not
grace any catwalks, it can be found being blended into tasty Booster Juice concoctions.
.... [more]
2 Feb, 2004
Pizza Delivery Corp. acquires five Domino's Pizza outlets
in Calgary. Canada's Pizza Delivery Corp. said Tuesday it has acquired
five more Domino's Pizza outlets in Calgary, bringing its Alberta total to 18.
.... [more]
27 Jan, 2004
Tops in tubs. Brothers Brian and Glen Cotton
are cleaning up in bath and shower renovation by easing the dreaded process. ....
[more]
24 Jan, 2004
McDonald's pledges war on obesity. Facing a
barrage of criticism and proposed legislation, McDonald's Canada has gone on the
offensive with a "healthy lifestyle" campaign aimed at addressing consumer
concerns about rising obesity rates. .... [more]
20 Jan, 2004
Forzani's Christmas sales improve in 2003. Forzani
Group has released its holiday season results for the eight weeks ended Dec. 28,
2003. .... [more]
7 Jan, 2004
Wendy's sales 'strong' despite mad-cow news. Wendy's
International Inc. said Tuesday same-store sales at its U.S. restaurants were
strong in the final days of last month despite news of the discovery of a single
case of mad-cow disease in that country. .... [more]
7 Jan, 2004
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