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 CANADA
FRANCHISE NEWS ARCHIVE
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: : Jul-Dec 2001
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Jean Coutu buys 80 U.S. pharmacies. Acquisition will
expand New England base. .... 4/12/01
Starbucks unveils in-house debit card. .... 4/12/01
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. .... 3/12/01
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. ....
3/12/01
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... 1/12/01
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. .... 30/11/01
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. .... 22/11/01
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.
.... 22/11/01
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. .... 20/11/01
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. .... 20/11/01
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. .... 15/11/01
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. .... 5/11/01
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]
5/11/01
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.
.... 22/10/01
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. .... 20/10/01
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.
.... 18/10/01
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. .... 19/10/01
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.
.... 18/10/01
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. ....
28/9/01
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.
.... 26/9/01
Nevada Bob's starts reorganization of franchisees. Nevada
Bob's International Inc. has begun to reorganize its U.S. franchise
system. .... 24/9/01
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. .... 7/9/01
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. .... 7/9/01
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. .... 6/9/01
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%. .... 6/9/01
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. .... 4/9/01
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. .... 1/9/01
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. .... 31/8/01
Mississauga beats Vancouver to get first Krispy Kreme.
Krispy Kreme has chosen Mississauga as the home of its first Canadian
outlet. .... 29/8/01
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. .... 28/8/01
Bistro in a box. The Bloor Street Diner, now
20 years old, continues to branch out with mixed success. .... 25/8/01
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. .... 24/8/01
Hot Summer At AFM Hospitality Corporation. Revenues
rise at leading global hotel franchising and management services company.
.... 24/8/01
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. .... 23/8/01
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. .... 21/8/01
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. .... 16/8/01
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. .... 15/8/01
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. .... 14/8/01
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. .... 9/8/01
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. ....
2/8/01
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]
26/7/01
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. ....
17/7/01
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. .... 16/7/01
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. ....
16/7/01
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. .... 13/7/01
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. .... 11/7/01
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. .... 9/7/01
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. .... 7/7/01
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. .... 5/7/01
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