UNITED STATES FRANCHISE NEWS ARCHIVE
: : Oct 2000
| Rare hospitality sees Q2, Q3, Q4 eps growth at 20 pct. Rare
Hospitality International Inc., which owns, operates and franchises
168 restaurants, on Monday reported a 53 percent surge in third-quarter
earnings amid a strong group showing at its LongHorn Steakhouse, Capital
Grille and Bugaboo Creek restaurants. .... 31 Oct, 2000
Cendant to spin off business. Franchising giant
Cendant Corp. on Wednesday said it would create an individual business
membership unit, and will distribute all the stock in the new company
among shareholders. .... 26 Oct, 2000
Capital Automotive profit top estimates. Capital
Automotive REIT, the owner of 356 automotive franchises in 27 states,
Tuesday said third-quarter earnings beat expectations on "stronger
acquisition activity" and cost controls. .... 24 Oct, 2000
Starbucks steams into Italy. "Yes," admits the
barman, mixing a Bellini (fresh peaches, Italian sparkling wine, a
dash of rum and Grand Marnier), "American coffee is becoming quite
popular." But by that, he means an espresso allungato, a watered-down
imitation of the real Italian thing. .... [more]
23 Oct, 2000
Liquor business sues competitor for spying. Binny's
says worker was planted to steal marketing strategy .... 23 Oct, 2000
Environmentally Friendly Bacteria Takes A Bite Out Of
Grease. EBI has over 100 licensed franchise territories in
the USA and worldwide has been recognized by Entrepreneur Magazine
as the leading environmental service franchise. .... 20 Oct, 2000
Big Boy Files for Bankruptcy. The franchiser
of the Big Boy restaurant chain has filed for Chapter 11 bankruptcy
protection, the company announced Friday. .... 20 Oct, 2000
Cendant Shares Are Overlooked and Still a Bargain.
We still view Cendant's shares as cheap, and think that patient investors
may be handsomely rewarded over the long term. .... 19 Oct, 2000
McDonald's hit by weak euro. Fast-food chain
McDonald's posted third-quarter profit gains of one per cent on Thursday,
in line with expectations. The company, which serves 43m customers
a day, said that the largest negative factor for earnings was the
effect of the weakened euro. .... [more]
19 Oct, 2000
Life's Too Short for Bad Fried Chicken. Life's
Lesson No. 34,028,654: Don't trust those who insist they never ever
eat fried chicken. .... [more]
18 Oct, 2000
Cendant third-quarter net income up 6 percent. Franchising
giant Cendant Corp. said on Wednesday that third-quarter profit rose
6 percent as it slashed costs and income from its relocation, and
mortgage loan businesses climbed. .... 18 Oct, 2000
Franchiser, Franchisees Hammer Out a New Deal.
Let's say you're looking to buy a fast-food franchise. .... 13 Oct, 2000
Tricon, Pizza say settle dispute. U.S. chain
Tricon Global Restaurants Inc and Thai fast food operator The Pizza
Plc said on Thursday they agreed to end a dispute over a franchise
for Pizza Hut restaurants in Thailand. .... 12 Oct, 2000
Pre-Internet Contracts Lead to Franchise Fight. If
you own a bricks-and-mortar franchise, it is a worry that could have
you staring at ceilings at 3 a.m.: My parent company is selling the
same products on the Web, so just how many customers is that nabbing
from me? .... 12 Oct, 2000
Sharpton launches NY region Burger King boycott. Black
civil rights leader Al Sharpton said on Wednesday he was launching
a regional boycott of Burger King, the world's No. 2 fast-food company,
because of what he said was its failure to champion minorities in
its advertising, ownership and other business dealings. .... 11 Oct, 2000
Domino's Wins D.C. Bias Suit Ruling. Domino's
Pizza did not discriminate against black patrons in a section of Southwest
Washington by requiring them to pick up and pay for their orders in
the street, a D.C. Superior Court judge ruled yesterday, dismissing
almost all of a $30 million lawsuit against the company's local franchise
before it went to a jury. .... [more]
11 Oct, 2000
Hilton Gets Option to Buy Stock in Pay-TV Firm. Hilton
Hotels Corp., owner of Doubletree and Hilton hotels, got an option
to buy as much as $42.9 million in LodgeNet Entertainment Corp. stock
for pay-television and Internet service in its hotel rooms. .... 11 Oct, 2000
Rare Hospitality sees Q3 earnings ahead of expectations.
Rare Hospitality International Inc., which owns, operates
and franchises 168 restaurants, predicted on Tuesday it would beat
analysts' expectations in the third quarter, citing brisk growth at
its LongHorn Steakhouse, Capital Grille and Bugaboo Creek restaurants.
.... 10 Oct, 2000
NAACP: Hotels' Record on Blacks Bad. The hotel
industry has not lived up to promises to improve its treatment of
blacks in hiring, contracting and marketing, the NAACP said Monday.
.... 9 Oct, 2000
At Your Service. If you want to start a business
with a virtual guarantee of low competition and more work than you
can handle, forget the highly publicized, high-tech possibilities.
Open a handyman service. .... 7 Oct, 2000
Couple Sues Over Hot Pickle Burn. A woman who
claims she was permanently scarred after a hot pickle from a McDonald's
hamburger fell on her chin is suing the restaurant for more than $100,000.
.... 7 Oct, 2000
INTEREST - E-tailer pays price for closures.
The lights have dimmed further on e-commerce as investors continue
to savage some of the sector's biggest names, singling out discount
e-tailer Priceline for rough treatment. Priceline shares dived 38
per cent to a new low on the .... 7 Oct, 2000
INTEREST - Boo.com set for relaunch. Boo.com,
the online fashion retailer that became one of the first high-profile
dotcom failures, is set for an October 30 relaunch under the management
of Fashionmall.com, its new owner. .... [more]
6 Oct, 2000
Mexican Restaurants Sold to Carrols. The Taco
Cabana Inc. chain of Mexican restaurants is being sold to restaurant
franchisee Carrols Corp. for $105 million in cash. .... 4 Oct, 2000
Marriott, Hyatt, Bass form online procurement system.
Hotel operators Marriott International Inc., Bass Plc and
Hyatt Hotels Corp. said on Wednesday they will form an online purshasing
system, reflecting a recent trend to cuts costs by setting up online
busines-to-business markets. .... 4 Oct, 2000
Radio Shack Sept. same-store sales rise 16 pct. RadioShack
Corp., an electronics retailer with 7,100 locations, on Thursday said
sales at company-owned stores open more than a year increased 16 percent
during September, while total sales rose 19 percent. .... 4 Oct, 2000
Burger King Claims a Victory in Dispute. Burger
King said on Tuesday it scored a victory in a New York state court
in a dispute with a black Burger King restaurant owner at the center
of a threatened boycott against the world's No. 2 fast food chain.
.... 4 Oct, 2000
Marriott.com Launches Personalization Features. Marriott
International, Inc. announced today that Marriott.com has added an
Express Reservations feature and customized content for business and
leisure travelers, travel agents and event planners. .... 3 Oct, 2000
Bias in Pizza Delivery at Issue in D.C. Court.
The latest battle in the national pizza delivery wars opened in D.C.
Superior Court yesterday, as a black former District resident accused
Domino's Pizza of violating the city's human rights law by requiring
him to go to the street to pick up his order in a Southwest Washington
neighborhood. .... [more]
3 Oct, 2000
Cendant Corporation Completes Acquisition of AmeriHost
Inn(R) and AmeriHost Inn and Suites(SM) Brand Names and Franchising
Rights. .... 2 Oct, 2000
Pizza Deliverers' Life-or-Death Instincts on Trial.
No Domino's Pizza man has ever been shot on Q Street SW.
But deliverymen have been shot in Potomac, robbed in McLean and bloodied
in Alexandria. .... [more]
1 Oct, 2000
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