FRANCHISE NEWS ARCHIVE
: : Current
| McDonald's launches bizarre Big Mac fashion line.
cnet.com - Swedish fast-food fans can now wear their beef-based sentiments on their sleeves with a series of Big Mac fashion outfits and lifestyle accessories. ... [more] 26 Mar, 2015
Ikea’s growth in China and Europe boosts staff bonuses.
theguardian.com - Ikea paid out hundreds of millions of euros in bonuses to its staff last year after growth in China and recovery in its European markets boosted sales. ... [more] 28 Jan, 2015
IKEA concentrates ownership of shopping centres.
reuters.com - World no.1 furniture retailer IKEA is consolidating the ownership structure of its shopping malls as it aims to grow the operation more efficiently, it said on Wednesday. ... [more] 17 Dec, 2014
Marks & Spencer to open 15 franchise stores across Finland and Norway.
retailtimes.co.uk - Marks & Spencer has agreed new franchise partnerships with two of Scandinavia’s leading retail operators, which will see it open 15 new franchise stores across Finland and Norway in 2016. ... [more] 17 Sep 2014
Domino’s makes its debut in Norway.
pizzamarketplace.com - Domino's Pizza has opened its first store in Norway. The store, located in Oslo, is the first of three planned to open by the end of this year by the company’s master franchisee in Norway... [more] 5 Sep, 2014
Dunkin’ Donuts plants flag in Sweden.
qsrweb.com - Dunkin' Donuts today announced that it has signed a master franchise agreement with Coffee & Brands Sweden AB to begin developing restaurants across Sweden. ... [more] 15 May, 2014
M&S reveals return to Finland.
just-style.com - UK retailer Marks & Spencer is to return to Finland with the opening new stores and a dedicated e-commerce website with local franchise partner S Group. ... [more] 7 Mar, 2014
CaliBurger To Enter Sweden.
qsrmagazine.com - CaliBurger announced it has signed an agreement to open restaurants in Sweden. The first restaurant is expected to open in Stockholm later this year. ... [more] 12 Feb, 2014
Ikea grows market share as global sales rise.
bbc.co.uk - Global furniture giant Ikea has reported a rise in full-year sales and says it managed to gain market share in almost all its markets. ... [more] 14 Oct, 2013
New book 'Ikea on the Road to the Future' reveals billion-dollar feud.
news.com.au - IKEA founder Ingvar Kamprad was forced to hand over billions of dollars to his sons following a bitter family feud, according to a new book on the global furniture giant. ... [more] 19 Sep, 2013
New IKEA CEO says to boost store growth pace but drops target.
reuters.com - The new head of IKEA Group, the world's biggest furniture retailer, said on Monday he would speed up store expansion from recent years but was dropping an earlier roll-out target. ... [more] 2 Sep, 2013
IKEA founder steps further back, youngest son takes key role.
reuters.com - Ingvar Kamprad, creator of Swedish furniture retailer IKEA, is to take another step back from his company as the youngest of his three sons takes a key board role in a gradual handover of power. ... [more] 4 Jun, 2013
Carl's Jr., Hardee's plan entries in Denmark, Guatemala, Puerto Rico.
qsrweb.com - CKE Restaurants plans to double its presence in the next five years with market entries planned for Denmark, Guatemala and Puerto Rico. ... [more] 9 Apr, 2013
IKEA Regrets Cutting Women From Saudi Ad.
wsj.com - Representatives for Swedish furniture giant IKEA on Monday apologized for removing women from some of the photos in catalogs shipped to Saudi Arabia, and said the blame lies squarely with them, not the local franchisee. ... [more] 1 Oct, 2012
Secret IKEA Fortune Put in the Spotlight With Rights Sale.
businessweek.com - The complex ownership structure behind IKEA, the world’s largest furniture retailer created by billionaire Ingvar Kamprad, became more transparent last week after IKEA’s franchisor published its... [more] 15 Aug, 2012
Accor launches franchise-based expansion in Scandinavia.
hotelworldnetwork.com - In line with its asset-right strategy, Accor has sold 18 hotels, totaling 1,760 rooms. As part of the sale-and-franchise-back transaction, the 14 Ibis and 4 Formule 1 hotels will continue to operate... [more] 6 Dec, 2010
Ikea opens up its books and reveals 11% profits rise.
guardian.co.uk - Ikea, the Swedish flatpack furniture retailer which has historically shunned publicity about its finances, today revealed its annual profits for the first time. ... [more] 1 Oct, 2010
Sweden-Based IKEA Postpones Plan To Build Supermarkets In Ukraine.
un.ua - The IKEA furniture company (Sweden) has postponed a plan to build supermarkets in Ukraine. ... [more] 6 May, 2010
Sweden's Ikea posts record earnings, growth slows.
biz.yahoo.com - Swedish furniture giant Ikea on Thursday reported record earnings of 21.5 billion euros (30.1 billion dollars) this year despite slumping demand for its products. ... [more] 17 Sep, 2009
The Font War: Ikea Fans Fume over Verdana.
time.com - The supplier of headboards and coffee tables to the world's thrifty and trendy has switched to what it sees as a more functional typeface: Verdana. In the process, it has provoked an instantaneous global backlash. ... [more] 28 Aug, 2009
IKEA furniture of Sweden to open its first stores in Slovenia, Croatia and Serbia by 2012. Sweden's IKEA furniture and home furnishings plans to make its retail debut in several Balkan countries, opening two stores in Croatia, two in Serbia and one in Slovenia between 2010 and 2012. .... [more]
16 Jul, 2009
SWEDEN - Ikea's founder warns: we must cut more jobs. Ingvar Kamprad tells Swedish newspaper that even the 5,000 redundancies the furniture retailer has already made will not be enough. .... [more]
7 Jul, 2009
Burger King sets its sights on northern Sweden. A burger war is brewing in northern Sweden, pitting the country’s own Max hamburger restaurants against American fast food giants McDonald’s and Burger King. .... [more]
26 Mar, 2009
DENMARK - Pizza sHut. American pizza chain Pizza Hut will no longer exist in Denmark after its franchise operator, Sunset Boulevard, decided not to renew its contract with the chain’s owners, Yum Brands Inc. .... [more]
3 Mar, 2009
Home Instead Senior Care Expands into Finland, South Korea and Austria. Home Instead Senior Care, the world's largest provider of home care services for seniors, has expanded into Finland, South Korea and Austria. .... [more]
7 Nov, 2008
SWEDEN - Housing downturn hits Ikea. Ikea, the Swedish retail chain, warned today that the housing downturn is hitting sales of its flat-pack furniture and said it is scaling back some of its expansion plans. .... [more]
9 Apr, 2008
Cold Stone Creamery stores planned in Scandinavia. Kahala-Cold Stone will expand its Cold Stone Creamery franchise into Scandinavia through a deal inked this week. The deal, with a group called Cold Stone ApS, calls for the opening of about 40 stores in Finland, Denmark, Norway, and Sweden over the next five years. .... [more]
6 Mar, 2008
The Athlete's Foot Expands International Presence with Master Franchise Agreement in Sweden. NexCen Brands, Inc., the parent company of The Athlete's Foot (TAF), a world leader in athletic footwear retail franchising, announced today that the company has expanded operations to Sweden, signing a Master Franchise Agreement with TAF Sweden AB. .... [more]
21 Feb, 2008
Ikea to hire 10,000 new workers per year. Furniture maker Ikea plans to hire tens of thousands of new workers as the company continues to expand with dozens of new stores opening around the world. .... [more]
25 Sep, 2006
RE/MAX Adds Finland to Franchise Network. RE/MAX Baltics
Regional Director Eythor Edvardsson has purchased the rights for RE/MAX
franchising in Finland. .... [more]
21 Feb, 2006
Muslim Boycotts Hurt Danish Firms. Consumer boycotts
of Danish goods in Muslim countries in protest of the publication
of caricatures of the Prophet Muhammad are costing Denmark's companies
millions, and have raised fears of irreparable damage to trade ties.
16 Feb, 2006
Protesters torch Telenor franchise in Pakistan. Protesters
in Pakistan angry about the publication of cartoons of the Prophet
Mohammad in a Norwegian newspaper have set fire to a shop selling
products by Telenor, Norway's largest telecoms company. .... [more]
13 Feb, 2006
Inditex buys Zara franchise in Russia for 41.5 mln eur from
Finland's Stockmann. Industria de Diseno Textil SA (Inditex)
said it has agreed to acquire Finnish retailing group Stockmann's
100 pct stake in the Zara Russia franchise for 41.5 mln eur, including
debt. .... [more]
31 Jan, 2006
SWEDEN - Ikea convicted of trademark infringement. Swedish
home furnishings retailer Ikea has been ordered to pay 300,000 kronor
($44,000) in damages to American company Mag Instrument for trademark
infringement. .... [more]
15 Mar, 2005
SWEDEN - Fashion retailer Rnb to enter Estonia and Latvia.
Swedish fashion company Retail And Brands AB is taking its childrenswear
and maternity brand Polarn O. Pyret to Estonia and Latvia, as part
of a wider plan to expand the brand internationally. .... [more]
21 Dec, 2004
Avis buys the Budget brand, gears up for Scandinavia.
Avis Southern Africa has acquired the franchise for the Budget Rent
A Car brand in Scandinavia and plans to expand both brands in the
region. .... [more]
22 Nov, 2004
RUSSIA / SWEDEN - Planet Fitness Moves to Expand Internationally.
Planet Fitness is going international and will open three new sport
clubs in Stockholm, Sweden, one of them this year. .... [more]
29 Jun, 2004
FINLAND / RUSSIA - Finnish Retailer Plans Russia Expansion.
Finnish retailer Stockmann wants a greater chunk of sales and earnings
to come from Russia and the Baltic states, and could sell its Hobby
Hall unit as part of a strategy refocus. .... [more]
22 Jun, 2004
DENMARK - Build-a-Bear Workshop Opens First Store in Denmark.
Build-A-Bear Workshop(R), the leader in interactive entertainment
retail and make-your-own stuffed animals announced that it has opened
its first store in Denmark today. .... [more]
19 Apr, 2004
SWEDEN - Ikea claim sparks rich-list row. A fierce debate
has been sparked in Stockholm, after a business magazine argued that
software tycoon Bill Gates was no longer the world's richest man.
5 Apr, 2004
NORWAY - Christmas discounts abound. Oslo retailers'
hopes for a robust holiday shopping season are slowly melting along
with the snow that fell late last week. Competition amongst them has
resulted in widespread discounting. .... [more]
22 Dec, 2003
NORWAY - Retailers eye holiday shopping record. Norwegians
haven't let rising unemployment and tougher economic times dampen
their desire to shop. Retail sales are up, and experts predict a record
Christmas shopping season. .... [more]
4 Nov, 2003
NORWAY - Norwegian pizza to Middle East. Norway's leading
pizza chain, Peppe's Pizza, has signed a deal with the Kuwaiti firm
National Arabic Co. to open Peppe's restaurants in Kuwait. .... [more]
18 Aug, 2003
NORWAY - Rent-A-Wreck Celebrates Its 10th Anniversary.
Tom Weum, Rent-A-Wreck master franchisee for Scandinavia, marked his
tenth anniversary becoming the third largest car rental company in
Norway, as Rent-A-Wreck marked its 30th year in the US. .... [more]
5 Aug, 2003
SWEDEN / S.AFRICA - Swedish-SA fund plans to finance up to 40
more small businesses. The Swedish-SA Business Partnership
Fund plans to finance between 25 and 40 small and medium enterprises
between now and the end of next year. .... [more]
27 May, 2003
SWEDEN - IKEA cooking up a storm. IKEA is synonymous
in much of the world with simple, cheap furniture, but for Swedish
expats the name has different connotations. .... [more]
27 Apr, 2003
SCANDINAVIA - O'Briens Signs Master Franchise Agreement For
Scandinavia. O'Briens Irish Sandwich Bars, one of the leading
global retail franchise chains, awarded a Master Franchise area agreement
for Scandinavia to Jesper Gad Andresen and his wife Helle Noer Andresen.
15 Apr, 2003
NORWAY - McDonald's Norway bucks trend with strong growth in
Norway. Bucking an international trend, McDonald's Norway
on Wednesday reported strong growth in both sales and profits for
2002, marking its best performance ever. .... [more]
29 Jan, 2003
SWEDEN - Ikea founder worried over growth. Ingvar Kamprad,
founder of Swedish furniture retailing giant Ikea, has said he is
concerned the firm may have grown too quickly. .... [more]
3 Jan, 2003
DENMARK - Cutbacks at McD's, but burgers not to blame.
After 20 years of continual expansion in this country, giant fast-food
chain McDonald's has announced the immediate closure of thirteen of
its less profitable restaurants, a move that will cost almost four
hundred employees their jobs. .... [more]
5 Dec, 2002
SWEDEN / NETHERLANDS - Bomb scares shut Dutch Ikea stores.
Police in the Netherlands have been searching all 10 outlets of the
Ikea furniture chain in the country, after finding bombs in two of
its stores. .... [more]
4 Dec, 2002
DENMARK - 7-Eleven lies. 7-Eleven has been ordered to
pay DKK 60,000 to one of its franchisees, after Copenhagen District
Court found the chain guilty of wilfully providing misleading information.
15 Nov, 2002
SWEDEN - Debenhams opens first Swedish store. Debenhams
furthered its push into Scandinavia as it opened a new Stockholm store,
that will be run on a franchise basis by the Icelandic retail group
Baugur. .... 30 Sep, 2002
DENMARK - Lego to open test shops. Toy manufacturer
Lego is set to open twenty so-called "test shops" around the world
over the course of next year, with the possibility of expanding the
stores into a franchise. .... [more]
13 Sep, 2002
DENMARK - Consumers turn up nose at fast food outlets.
Fast food chains may be queuing up to set up shop in this country,
but many of those already established here are losing money. ....
7 Nov, 2001
DENMARK - Sand label holding strong in fashion market.
Despite a current downturn in the market for luxury clothing, Danish
label Sand is holding fast to success in the world of expensive threads.
7 Jun, 2001
NORWAY - 7-Eleven Growing. The 7-Eleven chain in Norway
shows steady growth. Last year they passed the NOK 500 million mark
in sales, and the 79 franchisees earned an average of NOK 780,000.
12 Jan, 2000
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