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FRANCHISE NEWS ARCHIVE
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: 2007
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Second Cup to open 30 new outlets. Second Cup, Canada’s largest specialty coffee retailer, and Bin Hendi Enterprises, exclusive Master Franchisee of one of the fastest growing coffee retail brands in the Middle East, have announced plans for a roll out of 30 additional outlets as part of an ongoing regional expansion. .... [more]
31 Dec, 2007
Speedy's landlord to run repair shops. The landlord for Speedy auto repair shops in Canada is the new owner of the sputtering company's assets. Forum Leasehold Partners Inc. has received Ontario court approval for the purchase of the assets of insolvent SMK Speedy International including stores, land, head office, leases and franchise agreements. .... [more]
18 Dec, 2007
Speedy nears end of the road. Speedy will no longer be a "somebody" in the auto-repair business. Court protection for insolvent SMK Speedy International Inc. has ended and a receiver is currently in the process of selling the company's remaining assets. .... [more]
11 Dec, 2007
Shares in Forzani Group soar after it says it's seeing some relief from challenges. Shares in the Forzani Group Ltd. shot up on the Toronto Stock Exchange Monday after the Calgary-based sporting goods company said it is beginning to see some relief from the challenges it faced during the third quarter. .... [more]
10 Dec, 2007
Boston Pizza recognized for franchise excellence. Boston Pizza International Inc. has received the 2007 Pinnacle Award for Franchise Excellence, recognizing excellence and leadership in the foodservice and hospitality industry. .... [more]
7 Dec, 2007
Dixie Lee Kick Starts Expansion, Opens New Franchise in Montreal. Dixie Lee International Industries, Inc., parent company of the 40-year-old "Dixie Lee" brand name, with more than 80 franchised restaurants open, announced today that it has opened a franchise in Montreal. .... [more]
6 Dec, 2007
Forzani to close 37 Athletes World stores. The Forzani Group Ltd. intends to close 37 insolvent Athletes World stores – about one-quarter of the locations it will acquire in a takeover deal valued at $21.5 million. .... [more]
4 Dec, 2007
Forzani adds Athletes World to holdings. Forzani Group Ltd., the country's largest sporting goods retailer, has snapped up the troubled Athletes World chain out of bankruptcy protection, succeeding in an acquisition where retail titan Michael Gold had faltered. .... [more]
21 Nov, 2007
Speedy wins court protection. SMK Speedy International Inc. – its slogan is "at Speedy, you're a somebody" – confirmed yesterday it's under court protection from creditors in efforts to buy time to implement a survival plan that includes the immediate suspension of operations at 26 corporate stores. .... [more]
14 Nov, 2007
Hockey Experts Grand Opening. Hockey Experts, a corporate banner of The Forzani Group Ltd., Canada's largest retailer of sporting goods, is proud to announce the grand opening of its newest store located in Scarborough. .... [more]
13 Nov, 2007
Dixie Lee Chicken and Fish Restaurants Announces Major Expansion in Canada. Dixie Lee International Industries, Inc., a growing master franchisor with 80 restaurants and over 40 years of continuous operations, today announced that it will significantly expand its presence in Canada through a development agreement with established restaurateur Elyas Chaudhery. .... [more]
13 Nov, 2007
Quebec Franchise Council names Boston Pizza Quebec's Franchisor of the Year. Boston Pizza International was named Franchisor of the Year, by the Quebec Franchise Council at its 2007 Maillon d'or Awards. .... [more]
6 Nov, 2007
Franchising can be expensive, lawyer says. At the apex of a very small group of Montreal lawyers specializing in franchising is Lapointe Rosenstein LLP's Alex Konigsberg, who says he may have talked more companies out of exporting their brand to other countries than counseling them how to do it. .... [more]
2 Nov, 2007
RONA Continues its Expansion in Ontario and Opens New-Concept Store in Waterdown. RONA Inc., the largest Canadian distributor and retailer of hardware, renovation and gardening products, is continuing its expansion in Ontario and officially unveiled its new RONA Waterdown store today. .... [more]
31 Oct, 2007
Tim Hortons profit jumps 30% Coffee-shop chain Tim Hortons Inc., fresh from posting a 30 per cent jump in profit, is concerned about the impact of rising wheat prices on its bread products. .... [more]
26 Oct, 2007
Priszm to cut payout, sell stores in overhaul. Fast food outlet operator Priszm Income Fund said on Thursday it will temporarily slash cash distributions, sell up to a quarter of its restaurants and close another 25 as tries to combat falling sales and climbing costs. .... [more]
18 Oct, 2007
Melting Pot expands into Canada. There is nary a region that isn't interested in fondue, and Canada will soon get a taste of how it's done in Tampa as The Melting Pot Restaurants Inc. expands north of the border. .... [more]
8 Oct, 2007
1-800 Radiator Opens Second Canadian Franchise. This week 1-800 Radiator opened their second Canadian 1-800 Radiator outlet. .... [more]
4 Oct, 2007
Metal Supermarkets acquires Metal Express. Metal Supermarkets Corporation (MSC) is pleased to announce that effective October 2, 2007, MSC has acquired 100% of the outstanding units of Metal Mart LLC, dba Metal Express(R) from A. M. Castle & Co. (Castle). .... [more]
3 Oct, 2007
Canadian Tire to expand. Retailer Canadian Tire Corp. says it's aiming for "sustainable double-digit earnings growth" and it plans to open 60 to 70 new outlets under various brands annually over the next five years. .... [more]
3 Oct, 2007
Canadian Tire sees profit ahead from deal with dealers. On top of whatever other growth it enjoys, Canadian Tire Corp. Ltd. expects to boost annual pretax profit on its general merchandise business by up to $150-million, or 50 per cent, over the next seven years. .... [more]
17 Sep, 2007
RedBrick Pizza Breaks Into First International Market. RedBrick Pizza Worldwide, Inc. has announced the signing of its first international master development agreement in Canada. .... [more]
12 Sep, 2007
Forzani Group profits enter record territory. Calgary-based sporting goods retailer the Forzani Group Ltd. announced Wednesday it plans to initiate a fourth-quarter dividend after reporting a record second-quarter profit - nearly tripling net earnings registered a year ago. .... [more]
7 Sep, 2007
Canadian Tire rolls out new mortgage products. Canadian Tire shoppers can pick up a screwdriver, fill the gas tank and pay down their mortgage – all at the same retailer. .... [more]
5 Sep, 2007
Faces Cosmetics signs 2 new franchise agreements. Canadian cosmetics company Faces Cosmetics PLC said it has signed two new franchise agreements, one each in the US and Canada, which will provide the immediate benefit of initial signing fees. .... [more]
23 Aug, 2007
Pizza Pizza growing west. Pizza Pizza is marking its 40th anniversary with a westward march via the recent acquisition of the Alberta-based Pizza 73 chain. .... [more]
14 Aug, 2007
Muchas momentum for fast-food franchise. Based in Vancouver since 1997, Muchas Gracias Mexican Food has grown from a single fast-food restaurant to a chain of more than 40 franchised branches throughout Washington and Oregon. .... [more]
12 Aug, 2007
Jean Coutu hands control to son, again. Jean Coutu has no plans to permanently hang up his ubiquitous white lab coat, even as he once again hands the management reins of the drugstore chain he founded 38 years ago to his son François Coutu. .... [more]
4 Aug, 2007
Lice removal franchise may be coming to NS. Head lice can be a parent’s worst nightmare, and they’ve always been in Nova Scotia. But help may be on the way. .... [more]
19 Jul, 2007
Van Houtte eyes growth as sale goes ahead. Coffee services company Van Houtte Inc. plans to accelerate its growth in Ontario and the United States, the company said Monday after shareholders overwhelmingly approved $615 million sale to U.S. private equity firm Littlejohn & Co. .... [more]
9 Jul, 2007
2 Canadian franchisees file suit against Itasca-based Midas. Midas Inc. disclosed in a regulatory filing that two Canadian franchisees filed a lawsuit in Ontario, alleging that the Itasca-based provider of automotive services breached its franchise agreement with them. .... [more]
9 Jul, 2007
uWink to expand in Canada. uWink Inc., developer of digital media entertainment software and an interactive restaurant concept, has announced plans for the creation of uWink Canada in partnership Canadian technology firm, Jefferson Partners. .... [more]
25 Jun, 2007
Pizza Pizza expands west. Pizza Pizza, the behemoth central Canadian pizza maker, has launched a cross-country food fight aiming to take a bite out of the West's burgeoning fast-food market through the acquisition of Edmonton-based Flying Pizza 73 Inc. .... [more]
14 Jun, 2007
To franchise or not? Maturity is key say experts. When Orleans resident Krista Barban walked through her neighbourhood one hot, muggy day in the 1990s, that was all the market study she needed before deciding to buy a Dairy Queen franchise. .... [more]
13 Jun, 2007
Rapid Refill Ink Steps Into Spotlight. Rapid Brands Inc. and its wholly owned subsidiary, Rapid Refill Corp., launched a new chapter in the company's history Wednesday when it began trading on the Toronto Stock Exchange. .... [more]
8 Jun, 2007
Hooters plans metro franchises in near future. If the franchise holder has his way, Hooters should be breaking ground in metro in the next three months. .... [more]
6 Jun, 2007
Forzani Group mulls regular dividend on the back of strong cash flow. Forzani Group Ltd. said Tuesday strong consecutive quarters have prompted the sporting goods retailer to consider paying regular dividends once a 2.3-million-share stock buyback is completed. .... [more]
5 Jun, 2007
No Frills Celebrates 20 Years of Franchising. After much anticipation, No Frills begins celebrations today of many successes in over 130 individually owned and operated locations across Ontario. .... [more]
31 May, 2007
Panago Pizza recognizes top franchisees. The head office of Canadian pizza chain Panago Pizza inducted 24 franchisees into the chain’s Million Dollar Club, the most new members in the chain’s 20-year history. .... [more]
18 May, 2007
Coldwell Banker Real Estate Corporation Announces Acquisition of Master Franchisor, Coldwell Banker Canada. This acquisition enables Coldwell Banker Real Estate Corporation to expand its network in Canada and help its affiliated Canadian brokers facilitate cross-border business leads and opportunities with its U.S. counterparts. .... [more]
16 May, 2007
Van Houtte's mystery buyer out of the shadows. Coffee company Van Houtte Inc. revealed yesterday that its mystery buyer is Littlejohn & Co. LLC - the second time in less than a week that the low-profile private equity firm has snagged a piece of Corporate Quebec. .... [more]
8 May, 2007
Van Houtte brews $600M takeover. A U.S. private-equity firm has struck a deal to acquire Canadian coffee services company Van Houtte Inc. for $600 million, including assumed debt. .... [more]
7 May, 2007
Tim Hortons not seeking U.S. doughnut chain. Tim Hortons Inc. is not seeking to acquire a U.S. doughnut chain as part of its efforts to expand south of the border, but wouldn't rule it out "if it was attractive to acquire". .... [more]
4 May, 2007
Fast-food fund blames harsh weather for losses. KFC and Taco Bell restaurant operator Priszm
Income Fund blamed harsh winter weather for a first-quarter loss of
$1.48 million (U.S.), versus a loss of $132,000 in the prior-year
period, as sales sagged by $500,000 to $100.7 million. .... [more]
27 Apr, 2007
Wendy's shares surge as management says sale possible. Wendy's International, struggling but failing
to keep up with the tremendous sales of rival McDonald's, on
Wednesday made a surprise announcement that the chain could be on
the block. .... [more]
27 Apr, 2007
Wendy's International, Inc. Announces 2007 First-Quarter
Results. Total EBITDA from continuing operations increased
85.0% to $57.0 million; EBITDA margins from continuing operations
increased 440 basis points. .... [more]
26 Apr, 2007
Extreme Pita seeks segment lead with new U.S. stores. The landscape is cluttered in the restaurant franchising world and new brands are faced with a difficult task of attracting attention, but Canadian concept Extreme Pita believes it can carve out a niche for itself in descending on the United States. .... [more]
10 Apr, 2007
RONA to Recruit Close to 3,500 Positions Across Canada. RONA Inc. is launching its seasonal recruitment campaign in preparation for the big renovation and gardening season ahead. .... [more]
14 Mar, 2007
Analysts Bullish On Canadian Donut King Tim Hortons. Coffee and donuts from Tim Hortons Inc. continue to be a staple for many Canadian and with 2,711 locations in the country, the quick service restaurant chain has a 76% share of the coffee and baked goods market in this segment. .... [more]
12 Mar, 2007
Announcing The First Ever International Franchise Congress. The Quebec Franchise Council (QFC), a non-profit organization representing the franchise industry in Québec and the Canadian Franchise Association (CFA) as an official sponsor, will be holding its first International Franchise Congress. .... [more]
10 Mar, 2007
Faces Cosmetics sells 3 retail outlets to franchisee. Faces Cosmetics PLC said it sold three group-owned retail locations in Montreal, Canada, to an existing franchisee in line with its strategy to expand its branded cosmetics and skin-care business. .... [more]
8 Mar, 2007
Monster.ca Now Helps Entrepreneurs Seeking the Perfect Fit in a Franchise. Monster.ca, Canada's leading career management portal, has created a new franchise section dedicated to giving entrepreneurs all of the information they need to find the perfect fit in a franchise opportunity. .... [more]
5 Mar, 2007
Canadian Firm Plans to Set up Retail Chain in Pakistan. A Canadian company is planning to set up a new chain of mini-departmental stores under the banner of "Value Bazaar" all over Pakistan. .... [more]
2 Mar, 2007
Price Freeze On Canadian Franchise Opportunity Expected to Draw New Team Members. Canadians looking for a franchise opportunity have until March 15, 2007 to buy an Outdoor Connection franchise at a drastically reduced price. .... [more]
21 Feb, 2007
Franchise fast track. The recently launched 1-Minute Franchise Finder is now online to help prospective franchisees select a business to invest in, based on cost and location preferences. .... [more]
19 Feb, 2007
Take Ownership of Your Work and Your Life at The Franchise and Business Opportunities Show. Western Canada's largest Franchise and Business Opportunities Show returns to Vancouver for its 9th annual show! .... [more]
12 Feb, 2007
City man burned by pizza franchise scam. Hisham Alard did a double take when he tuned into a television news show recently about a pizza franchise scam where Canadians lost their life savings. .... [more]
12 Feb, 2007
Valentines, Tim Hortons sent to troops. Hearts of Canadian troops in Afghanistan will soon be warmed by handcrafted Valentines cards and Tim Hortons coffee thanks to 262 students at an Etobicoke Catholic School. .... [more]
9 Feb, 2007
CanTire blames weather for profit drop. Canadian Tire Corp. has raised its dividend while blaming an unseasonably warm winter in Eastern Canada for an 8.4 per cent decline in fourth-quarter earnings. .... [more]
9 Feb, 2007
Rona nails down deal for Noble Trade. Home-renovation company Rona Inc. has acquired Noble Trade Inc., one of largest plumbing and heating supply wholesalers in Ontario, in a move to diversify the Quebec company's business. .... [more]
7 Feb, 2007
Breakfast sandwich fuels Tim Hortons' profit. A new breakfast sandwich helped propelled Canada's iconic Tim Hortons Inc. to strong fourth-quarter results, capping the chain's successful first year as a publicly traded company. .... [more]
7 Feb, 2007
Second Cup brewing 'resurgence' of brand. After reporting its best same-store sales in a decade, coffee retailer Second Cup Royalty Income Fund is confident a focus on personalized customer service and a cosier feel to its cafes will give it a competitive edge over bigger rivals. .... [more]
24 Jan, 2007
Warm weather chills Canadian Tire. Canadian Tire Corp. has lowered it profit estimate for 2006 after warmer than expected weather in Eastern Canada melted the retailer’s hopes for strong December sales. .... [more]
19 Jan, 2007
Second Cup gets restructuring nod. Second Cup Royalty Income Fund says it has received a "favourable" advance income tax ruling from Canada Revenue Agency on its announced plan to restructure the fund. .... [more]
19 Jan, 2007
Pizza Pizza fund hikes distribution. Crediting sales growth, Pizza Pizza Royalty Income Fund is increasing monthly cash distributions to unitholders by 2.8 per cent for January. .... [more]
15 Jan, 2007
Is franchising the way to reach SMBs in managed services. An Ottawa-based company is recruiting technology sales professionals and service organizations to sign on as franchisees to market and support its array of hardware, software and managed services in a specific sales territory. .... [more]
14 Jan, 2007
Redberry buys eight Pizza Hut locations in Ottawa. Montreal-based Redberry Resto Brands Inc. has acquired 16 Pizza Hut restaurants in Ontario, half of which are in the Ottawa area. .... [more]
9 Jan, 2007
Toronto Sandwich Shop Fined For Sales Tax Evasion. A company that operated a Toronto Subway Sandwich franchise was fined $31,455 on December 14, 2006 as a result of its failure to remit PST collected from customers between 2000 and 2005. .... [more]
4 Jan, 2007
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