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CANADA FRANCHISE NEWS ARCHIVE

 
: : Jul-Dec 2001

Jean Coutu buys 80 U.S. pharmacies. Acquisition will expand New England base. .... 4 Dec, 2001
Starbucks unveils in-house debit card. .... 4 Dec, 2001
Humpty's Releases Third Quarter 2001 Results. Humpty's Restaurants International Inc. today released fiscal third quarter financial results for the 9 month period ending September 30, 2001 summarized as follows. .... 3 Dec, 2001
Forzani stock slips after hitting 52-week high. Shares of Canadian sports retailer Forzani Group Ltd. eased early Monday afternoon after hitting a 52-week high amid plaudits for a stellar third-quarter and the successful acquisition of Sports Mart. .... 3 Dec, 2001
Coffee couture. A cup of coffee is a morning ritual that most Canadians perform religiously. High style, on the other hand, is considered an esoteric pursuit by most dwellers of this land of wood chips and snow puddles - and so is something generally ignored. But now it's time to... 1 Dec, 2001
Forzani third-quarter profit up after acquisition. Canadian sports retailer and franchiser Forzani Group Ltd on Friday reported a 74.3 percent increase in third-quarter earnings due to better-than-expected contributions from recently acquired Sport Mart. .... 30 Nov, 2001
Shopper stock debut falls flat. Shares in Shoppers Drug Mart Corp. fell flat on the first day of trading yesterday, closing 65 cents below the $18 issue price. .... 22 Nov, 2001
Shoppers IPO stumbles out of the gate. The highly anticipated public offering of Shoppers Drug Mart Ltd. stalled at the starting gate yesterday when the shares fell on their first day of trading on the open market, stoking fears that the issue was overpriced. .... 22 Nov, 2001
Dunkin' Donuts seeks to regain Quebec share. A coffee and doughnut war is brewing in Quebec with the announcement that Dunkin' Donuts will double its size in the province in a bid to reclaim the market-leading status snatched away two years ago by rival Tim Hortons. .... 20 Nov, 2001
GNC wants to expand franchise network. General Nutrition Companies, Inc., the biggest specialty retailer of vitamins and nutritional supplements in the United States, wants to broaden its Canadian presence by adding 400 franchised outlets over the next five years. .... 20 Nov, 2001
GNC Plans to Add 400 New Canadian Locations to Existing Base of 127 Corporate Stores. General Nutrition Companies, Inc., the largest specialty retailer of nutritional supplements, today announced it will help meet the healthcare needs of the more than 50 per cent of Canadians using natural health products by introducing the GNC franchise opportunity to Canadian entrepreneurs. .... 15 Nov, 2001
Grand & Toy mediation strikes out. A mediation session has failed to quell a dispute between Grand & Toy Ltd. and a group of its franchisees who are suing the office supply retailer for up to $29-million in damages. .... 5 Nov, 2001
La Quinta Inns to expand into Canada. Dallas-based La Quinta Inns Inc. said Tuesday it is expanding into Canada, its first international foray, with the signing of a master franchise agreement with Toronto-based AFM Hospitality Corp. .... [more] 5 Nov, 2001
Joyce sells shares worth US$250M to Wendy's. Ronald Joyce, founder of Tim Hortons Donuts and former part owner of the National Hockey League's Calgary Flames, yesterday sold US$250-million worth of shares in Wendy's International Inc. back to the company. .... 22 Oct, 2001
Coffee co-branding finds new outlets. If you haven't noticed Starbucks coffee at your neighbourhood Borders Group bookstore or Timothy's Coffees cappuccino on a Continental Airlines flight, then you're missing co-branding, one of the hot new growth areas for specialty coffee. .... 20 Oct, 2001
Jean Coutu enjoys big gains. Strong revenue growth and a new accounting standard helped the Jean Coutu Group drug store chain post sharply higher profit and revenue in its fiscal first quarter. .... 18 Oct, 2001
Travelodge Canada: Expansion Of The Thriftlodge Brand Continues: Five More Properties Sign On. The expansion plans unveiled this spring by Travelodge Canada for its Thriftlodge tier of accommodation properties is proving to be very successful for the national hotel chain. .... 19 Oct, 2001
Jean Coutu enjoys big gains. Strong revenue growth and a new accounting standard helped the Jean Coutu Group drug store chain post sharply higher profit and revenue in its fiscal first quarter. .... 18 Oct, 2001
Car rental industry girds for cutbacks. The slump in airline travel since the terrorist attacks has jolted the car rental industry in North America and could deal another blow to struggling auto makers if rental companies cancel orders for new vehicles. .... 28 Sep, 2001
Yogurt family builds franchise empire. Michael and Aaron Serruya first caught wind of the frozen yogurt craze during a Florida holiday. The brothers figured it would be a winner in Toronto, and opened their first Yogen Früz outlet in a mall in 1986, dreaming that one day they'd expand it into a chain with as many as 10 outlets. .... 26 Sep, 2001

Nevada Bob's starts reorganization of franchisees. Nevada Bob's International Inc. has begun to reorganize its U.S. franchise system. .... 24 Sep, 2001
Van Houtte gears up for expansion south of the border. With a new name, logo and source of funding, coffee company Van Houtte Inc. is aiming to become the leading supplier of caffeine to offices in the United States. .... 7 Sep, 2001
Wendy's puts merger and acquisition exec on staff. The robust performance of Tim Hortons may be putting Wendy's International Inc. in the mood for another acquisition. .... 7 Sep, 2001
Cinnzeo Breaks into Toronto Market. Calgary-based Cinnaroll Bakeries Ltd.'s Cinnzeo Bakery division has signed a six-store franchise agreement with Toronto master franchise operator Theresa Chua. .... 6 Sep, 2001
Second Cup Reports Fiscal 2001 Results, Announces Positive Outlook. The Second Cup Ltd. today reported its results for the fiscal year ended June 30, 2001 with sales up 7.8%. .... 6 Sep, 2001
Forzani a takeover target. Just weeks after Best Buy's $580-million takeover of Future Shop, industry watchers are speculating that Forzani Group Ltd. will be the next Canadian retailer to get scooped up by a foreign competitor. .... 4 Sep, 2001
CitiCapital to sell Canadian fleet management unit to GE. Commercial leasing business CitiCapital is selling its Canadian automotive fleet management business, the Dallas-based commercial finance business said yesterday. .... 1 Sep, 2001
York to buy Venator clothing chain. Venator Group Inc., owner of the Foot Locker athletic shoe chain, has reached an agreement to sell its Northern Group casual clothing chain, according to real estate sources. .... 31 Aug, 2001
Mississauga beats Vancouver to get first Krispy Kreme. Krispy Kreme has chosen Mississauga as the home of its first Canadian outlet. .... 29 Aug, 2001
Forzani rides retail boom. Second-quarter results from Forzani Group Ltd. show the sporting goods retailer surging ahead of its competitors, proof positive that not all retailers are feeling the pinch of a consumer spending slowdown. .... 28 Aug, 2001
Bistro in a box. The Bloor Street Diner, now 20 years old, continues to branch out with mixed success. .... 25 Aug, 2001
Second Cup freshens up its branding. Second Cup Ltd. is set to proceed with the rollout of a new advertising program, despite the distraction of Cara Operation Ltd.'s unsolicited takeover bid for the company. .... 24 Aug, 2001
Hot Summer At AFM Hospitality Corporation. Revenues rise at leading global hotel franchising and management services company. .... 24 Aug, 2001
Couche-Tard buyout of Manitoba franchisor 'fits into growth plan'. Alimentation Couche-Tard Inc., Canada's largest convenience store operator, announced yesterday it has bought out its Manitoba master franchisor R-Con Centres Inc. .... 23 Aug, 2001
World Wide Warranty Inc. Signs Agreement with Discovery Computers. World Wide Warranty Inc. has signed an agreement with Discovery Computers Inc., a Canadian manufacturer and franchise store chain, to provide a two year onsite warranty program. .... 21 Aug, 2001
Canada escapes U.S. furniture slump. Leon's Furniture Ltd.'s profit dropped 7% in its second quarter, but the retailer said yesterday that it's holding up well in the face of a softening economy, unlike some of its U.S. counterparts. .... 16 Aug, 2001
Cara discussed better offer for Second Cup. Cara Operations Ltd. has previously held discussions to buy Second Cup Ltd., the specialty coffee chain, for a higher price than the offer it made on Monday, sources said yesterday. .... 15 Aug, 2001
Cara bidding for Second Cup. Cara Operations Ltd. made an unsolicited offer yesterday to take control of specialty coffee house chain Second Cup Ltd., surprising the company's chairman, Michael Bregman, who dismissed the bid as inadequate. .... 14 Aug, 2001
Chain stores suspicious of $50 and $100 bills. A rash of counterfeit money created on cheap computer equipment has several large Canadian businesses refusing to accept $100 bills, and the problem could lead to a crisis of confidence in the nation's cash, according to the RCMP. .... 9 Aug, 2001
When no one else will pick it up, log on to gotjunk. Brian Scudamore is taking online junk mail to the next level with his 1-800-Got-Junk? LLC, a full-service garbage removal franchise that is about to expand into 10 more cities in North America. .... 2 Aug, 2001
Web hosts open doors. Forzani Group Ltd. is counting on its recently launched Web site, sportchek.ca, to help the national retailer capture a bigger slice of the $6-billion-a-year sporting goods market. .... [more] 26 Jul, 2001
Aegon acquires Money Concepts planning centres. The parent company of Transamerica Life Canada has struck a deal to buy the Money Concepts financial planning centres across Canada. .... 17 Jul, 2001
Burger giant polishing golden arches. McDonald's Restaurants of Canada Ltd. is reinventing itself with new menus and streamlined service so it can stay in front of the competition in the notoriously fierce fast-food industry. .... 16 Jul, 2001
INTEREST - Drop loonie, 45% say in business poll. Almost half of Canadian executives favour adopting the U.S. dollar and believe it will become common currency in Canada within 20 to 30 years, concludes a National Post-Compas poll released today. .... 16 Jul, 2001
Krispy Kreme eastern wing wants to expand west. Roly Morris, head of Krispy Kreme Doughnuts Eastern Canada Inc., said yesterday he is interested in expanding into Western Canada with the doughnut concept that has become a cultural phenomenon in the United States. .... 13 Jul, 2001
Calgary bakery rolls out 85 new shops. Cinnaroll Bakeries Ltd. said yesterday new deals to add 85 bakeries in the United States and the Middle East will help boost sales to $40-million next year from $15-million expected this year. .... 11 Jul, 2001
Big Mac attack today. Like it or not, there's a little bit of McDonald's in you. At least that's the message the Canadian arm of the fast food behemoth will begin broadcasting on television today as it overhauls its marketing efforts. .... 9 Jul, 2001
Several Montreal-area McDonald's restaurants vandalized, police in the dark. Small fires set within a half-hour at seven McDonald's restaurants across the city on Saturday morning have police puzzled. .... 7 Jul, 2001
Yoga studio battles businessman over space. Organic juice or Tim Hortons? The former site of a Future Bakery has turned into a showdown between two forces of capitalism. .... 5 Jul, 2001
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