UNITED STATES FRANCHISE NEWS ARCHIVE
: : Nov 2000
| Its Stock Under $1, Diedrich Coffee Likely to Be Delisted.
Shares of Diedrich Coffee Inc. fell below $1 each to their
lowest point in the past year, prompting the company to announce that
Nasdaq will probably remove its stock from the automated national
exchange. .... 29 Nov, 2000
Wendy's Shares Sizzle as Growth Outlook Rises.
Investors looking for growth stocks for 2001 are increasingly souring
on technology. Some who are looking for better ideas are turning to...
hamburger chains. .... 29 Nov, 2000
Snap-On Says President-CEO to Retire. Snap-on
Inc. said on Wednesday that Robert Cornog, chairman, president and
chief executive officer, notified its board of directors earlier this
year of his intention to retire. .... 29 Nov, 2000
Saudi burgers to help Palestinians. The Saudi
branches of McDonalds, the giant US fast food chain, have launched
a campaign to help the Palestinians and stop people boycotting their
produce. .... [more]
28 Nov, 2000
Diedrich Coffee deal to develop 50 franchises terminated.
Specialty coffee retailer Diedrich Coffee Inc. on Monday said
a franchise area development agreement that called for the development
of 50 Diedrich Coffee brand coffeehouses was mutually terminated.
.... 28 Nov, 2000
Wendy's Pulls Chain Out Argentina. Wendy's International
Inc. is pulling out of Argentina because all 18 of its restaurants
in the South American country are underperforming. .... 28 Nov, 2000
Wendy's Raises Operating Earnings Outlook. Fast
food chain Wendy's International Inc. said on Tuesday it raised 2000
operating earnings per share growth expectations to 17 to 19 percent,
up from its prior range of 14 to 17 percent. .... 28 Nov, 2000
Burgers Are the Globe's Fast Food? Not So Fast.
Too bad so many people around the world spend all that energy fighting
Americanization by trashing golden arches or fried chicken outlets.
All along, the real Americanizer has been pizza, perhaps the one truly
universal fast food. .... 27 Nov, 2000
Analyst takes a bite out of Krispy Kreme: Stock is overvalued.
A few days ago, I asked some friends via e-mail what they
thought of the product made by Krispy Kreme Doughnuts Inc. Their superlatives:
delicious, heavenly, outrageous. While Krispy Kreme's doughnuts seem
to be delectable, however, its stock is quite another matter. ....
22 Nov, 2000
Golf Retailer Sells Some Stores. Nevada Bob's
Golf Inc., the nation's largest golf-supplies chain, said it sold
36 of its 83 company owned stores as part of its bankruptcy reorganization.
.... 22 Nov, 2000
Krispy Kreme's Quarterly Profit Doubles. Krispy
Kreme Doughnuts Inc. on Tuesday reported its third-quarter earnings
doubled, topping Wall Street expectations, amid a period of expansion
for the popular chain of doughnut shops. .... 21 Nov, 2000
Unilever Veteran Named CEO at Ben & Jerry's. A
Unilever executive was appointed chief executive at Ben & Jerry's
in what may mean an exit for the ice cream company's co-founders.
.... 21 Nov, 2000
McDonald's exec Lynal A. Root, 70. As a purchasing
executive with McDonald's Corp. for 31 years, Lynal A. Root relied
on his personal word and carefully cultivated relationships to reach
agreements with suppliers, using handshake deals rather than formal
contracts. .... 20 Nov, 2000
AT&T wins 8-year contract from Cendant. Telephone
and cable television giant AT&T Corp. said on Monday it won an eight-year
contract from Cendant Corp. to help manage and improve the franchising
company's customer service centers and communications network. ....
20 Nov, 2000
Brinker to buy 47 restaurants from franchisee. Restaurant
company Brinker International Inc. on Monday said it would buy 47
restaurants from one of its franchise operators for $93 million, expanding
its holdings in the northeast. .... 20 Nov, 2000
Roddick seeking face-lift for aging Body Shop. Anita
Roddick rushes into the room, a 5-foot-2 blur of hennaed hair. The
founder of The Body Shop is buzzing with energy, which is remarkable
considering it's 4:50 p.m. and she hasn't had lunch. .... 18 Nov, 2000
Il Fornaio Chain Acquired in $81.4-Million Cash Deal.
Restaurants: The 24 Italian eateries will be added to a portfolio
that includes California Pizza Kitchen, Acapulco and El Torito. ....
17 Nov, 2000
Starbucks' Profit Rises, Net Stakes Suffer. Starbucks
Corp. said its operating earnings for the fiscal fourth quarter grew
35% to $43.8 million, or 22 cents a share, in line with forecasts,
as revenue rose 22.5% to $582 million. .... 17 Nov, 2000
INTEREST - There goes another dot.com. Those
suffering the most seem to be the dot.coms trying to sell to consumers
via the web only, but many net companies that deal only with businesses
are struggling too. .... [more]
17 Nov, 2000
Wendy's to Focus on North America. Wendy's
International Inc. said on Thursday it would focus on North American
growth of Wendy's, the No. 3 U.S. burger chain, and its Tim Hortons
doughnut shops, while taking a cautious approach to international
expansion. .... 17 Nov, 2000
Hardee's Signs Up Cliff Freeman Agency. CKE
Restaurants Inc.'s large Hardee's hamburger chain said Wednesday that
it has awarded its $80-million national creative advertising account
to Cliff Freeman & Partners in New York. .... 16 Nov, 2000
Brazil Habib's to tempt fastfood junkies in U.S. Brazil's
biggest home-grown restaurant chain is heading to the United States
where it hopes to win over the founding fathers of fast food - but
typical local fare like feijoada and caipirinhas will not be on the
menu. .... 16 Nov, 2000
Sporting-Good Retailers Prefer Their Small Size.
Small-town Southerners are a long distance from the California scuba-diving
set, but when it comes to sporting goods they share a common thread:
Each group supports a prospering little sporting-goods chain. ....
15 Nov, 2000
Jack in the Box Names New Chairman. Jack in
the Box Inc., the hamburger chain that changed its name from Foodmaker
last year, said Chief Executive Robert Nugent will take over as chairman
from Jack Goodall, who is retiring after 37 years with the company.
.... 14 Nov, 2000
CSFB cuts Cendant 2001 earnings per share estimate.
Credit Suisse First Boston said it cut its estimate on franchising
firm Cendant Corp.'s 2001 earnings per share to 91 cents from 95 cents
to reflect the spinoff of the company's individual membership segment.
.... 14 Nov, 2000
Cendant sees Q4 on target, 13 pct long-term EPS growth.
Franchising giant Cendant Corp. on Monday said it sees fourth-quarter
profits in line with targets and that long-term earnings per share
should grow 13 percent as the company reinvigorates itself through
acquisitions and a renewed focus on the service sector. .... 13 Nov, 2000
Cendant to reacquire Avis, seeks old stature. Franchising
giant Cendant Corp. on Monday said it would pay $935 million for the
82 percent of rental car company Avis Group Holdings Inc. that it
does not already own as part of a plan to reinvigorate itself through
a renewed focus on the service sector. .... 13 Nov, 2000
Jumbo Earnings Report Puts Jack In The Box Expansion
Plans On Front Burner. If fast-food mascots were race car
drivers, Ronald McDonald wouldn't be eyeing his rearview just yet,
but in the middle of the pack, Jack would be scraping paint, stomping
on the gas pedal and waving a copy of Tuesday's sizzling Jack in the
Box earnings report. .... 7 Nov, 2000
Investors Feast on Restaurant Stocks. Restaurant
stocks have become the flavor du jour on Wall Street, with shares
of the companies that own such eateries as California Pizza Kitchen,
Cheesecake Factory, Macaroni Grill and Olive Garden outpacing the
broad market in recent weeks. .... 7 Nov, 2000
Ramada And Gotajob.Com Team Up To Solve Recruiting Needs.
Gotajob.com recently announced its agreement with Ramada to
help provide recruiting solutions to franchisees who are seeking to
fill positions in front desk, food and beverage, housekeeping and
maintenance departments. .... 7 Nov, 2000
Panera Net Jumps; Ups EPS View. Bakery owner
and franchiser Panera Bread Co. said Monday third-quarter profits
more than doubled, beating estimates, and upwardly revised fourth-quarter,
year-2000 and 2001 earnings estimates. .... 6 Nov, 2000
RadioShack Oct. comparable-store sales up 10 percent.
Consumer electronics retailer RadioShack Corp. on Monday said
strong sales of audio video products and direct-to-home satellite
television systems helped drive comparable-store sales at company-owned
stores up 10 percent in October compared with a year earlier. ....
6 Nov, 2000
Century Business Sells Franchise Operation. Century
Business Services Inc. said it has sold its franchise operation, Century
Small Business Solutions Inc. in Mission Viejo, to privately held
Fiducial Triple Check Inc. Financial terms were not disclosed. ....
3 Nov, 2000
NE Restaurant Company, Inc. Announces 27% Increase in
Third Quarter Operating Income. NE Restaurant Company, Inc.
reported total operating income increased almost 27% to $3.2 million
in the third quarter ended September 27, 2000 from $2.6 million for
the same period last year. .... 3 Nov, 2000
34 Taco Bells Enter Default. Last week, 34 Taco
Bell restaurants throughout San Diego County went into default. Golden
West Tacos Inc. owns 28 of the franchises, and the other six are owned
by Karl L. James, a principal of Golden West. .... 2 Nov, 2000
Cendant to buy Fairfield Communities for $635 mln. Franchising
giant Cendant Corp. said on Thursday it would buy time-share resort
company Fairfield Communities Inc. for about $635 million in cash
and stock to spur growth in its travel division. .... 2 Nov, 2000
Wendy's Earnings Up 9 percent. Wendy's International
Inc. reported a 9 percent increase in third quarter profits thanks
to strong sales, particularly in its coffee-and-doughnut chain, Tim
Hortons. .... 2 Nov, 2000