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UNITED STATES FRANCHISE NEWS ARCHIVE

 
: : Feb 2001

McDonald's: Mad Cow Concerns Continue. McDonald's Corp. on Wednesday said mad cow concerns continue to impact first-quarter sales in some European countries, but the company has seen a rebound in France, the first market hurt by the beef scare on the Continent. .... 28 Feb, 2001
Avis shareholders approve acquisition by Cendant. Avis Group Holdings Inc., which operates Avis Rent A Car, said on Wednesday that its shareholders approved the acquisition by franchiser Cendant Corp. at a price of $33 per share. .... 28 Feb, 2001
Burger King says has foot and mouth beef purchase plan. Burger King Corp., the second largest hamburger restaurant chain in the U.S. and a unit of London-based Diageo Plc, said it has a plan to purchase more beef from southern Ireland if a worldwide ban on British livestock caused by an outbreak of foot-and-mouth disease goes beyond a week. .... 28 Feb, 2001
Judge Penalizes H&R Block Over Ads. A federal judge barred H&R Block, the nation's largest income tax preparer, from using misleading phrases to advertise its "Rapid Refund" loan program and ordered it to pay more than $500,000 to an upstart rival. .... 28 Feb, 2001
McDonald's Japan unit to go public in July. U.S. fast food giant McDonald's Corp said on Wednesday its Japanese unit would become its first global subsidiary to go public, listing on either Nasdaq Japan or the country's over-the-counter market. .... 28 Feb, 2001
Ex-Cendant Execs Sued, Indicted for Fraud. Former Cendant Corp. Chairman Walter Forbes and Vice Chairman Kirk Shelton were indicted by federal prosecutors and sued by the Securities and Exchange Commission on Wednesday, accused of directing a "massive" accounting fraud that ultimately cost the giant franchiser and investors billions of dollars. .... 28 Feb, 2001
Uno Restaurant accepts buyout offer, to take company private. Uno Restaurant Corp., which owns and franchises pizza restaurants under the Pizzeria Uno name, said on Wednesday it had agreed to take the company private in a deal worth about $41 million, accepting a buyout offer by a management group led by Uno's chairman. .... 28 Feb, 2001
Franchise Graduates Face a Tough Start. Imagine a class reunion where almost everyone stands against the walls and looks down at their shoes. That's the picture I drew in my mind recently while calling up my 1998 classmates from Baskin-Robbins's franchise school. .... 27 Feb, 2001
Subway Sues Cafe Over Healthy Food. Subway is serious about its lowfat, low-calorie sandwiches. So serious that it's suing the landlord of one of its stores for letting a vegan cafe open three doors away in a strip mall. .... 27 Feb, 2001
RadioShack, Blockbuster in Alliance. Shoppers looking for both the latest video release and a cellular phone will soon have just the place to go: Blockbuster Inc. plans to open RadioShack counters inside its own stores. .... 27 Feb, 2001
Blockbuster Teams Up with Universal. Video rental chain Blockbuster Inc. said on Tuesday it inked a deal to offer Universal Pictures films via its video on-demand service and separately said electronics retailer RadioShack Corp. will have a presence at its stores. .... 27 Feb, 2001
Let them eat fried chicken. U.S. investors starved for new stock offerings will have to to munch on fried chicken and little else this week. .... 24 Feb, 2001
Protesters hurl stink bombs at Paris McDonald's. Activists said they hurled stink bombs at some 20 McDonald's restaurants in Paris on Saturday then took part in a demonstration against what they called the "nauseous practices" of fast-food giants. .... 24 Feb, 2001
Wilting Whoppers. Burger King has been serving up too many cold Whoppers, according to Diageo's chief executive Paul Walsh, who yesterday admitted he was "disappointed" with the fast-food chain's performance. .... [more] 23 Feb, 2001
McDonald's Names Ryan to Top Post. Fast-food giant McDonald's Corp. said on Friday it named head of menu management Tom Ryan to its top U.S. marketing post, replacing Larry Zwain, in a move that some industry watchers see as one of several needed to spark U.S. sales growth. .... 23 Feb, 2001
Burger King Profits Down 7 Percent. Diageo PLC, the food and drinks conglomerate, said Thursday its Burger King business' operating profits were down 7 percent to $143.5 million in the six months ending in December .... 22 Feb, 2001
RadioShack profits rise but miss forecast. Consumer electronics retailer RadioShack Corp. on Thursday said its fourth-quarter profits fell short of analysts expectations, but gave a somewhat more optimistic view for the coming fiscal year. .... 22 Feb, 2001
New Burger King chief named, float delayed. Burger King, the world's second-largest burger chain, ordered up a new chief executive Tuesday, but said hold the IPO, at least for now. .... 20 Feb, 2001
Protestors Back French Farmer. A lively crowd of 7,000 people - including jugglers, singers and performers on stilts - paraded through Montpellier's winding streets Friday to show support for Jose Bove, the militant farmer who became a French folk hero after he ransacked a McDonald's. .... 16 Feb, 2001

Starwood Hotels works wireless deal with Classwave. Starwood Hotels & Resorts linked a deal with a small privately held Canadian firm on Thursday that will enable the hotel chain to tap into the wireless wallets of its high-end clientele using Bluetooth, the new standard for close-quartered wireless communication. .... 15 Feb, 2001
Applebee's meets Q4 estimates. Restaurant chain Applebee's International Inc. said on Wednesday its fourth-quarter earnings matched Wall Street expectations, adding it sees at least 15 percent earnings growth in 2001. .... 14 Feb, 2001
Tricon Posts Expected 4Q Drop. Tricon Global Restaurants, Inc., parent of KFC, Pizza Hut and Taco Bell, saw a 12 percent drop in profits, but still beat expecations, as it continues to sell off company-owned franchises. .... 14 Feb, 2001
Krispy Kreme Announces Stock Split. Krispy Kreme Doughnuts Inc. declared a 2-for-1 stock split Tuesday after a year of sweet results since going public less than a year ago. .... 14 Feb, 2001
McDonald's Sees 2001 Earnings Up. Fast-food giant McDonald's Corp. on Tuesday said it expects 2001 earnings per share to rise 10-13 percent before adjusting for foreign currency. .... 13 Feb, 2001
Will Mad Cow Trample Mickey D's? Here's something you probably didn't know: Yes, McDonald's still gets most of its sales revenue from the U.S., but Europe and Asia account for the overwhelming majority of the company's growth. .... 12 Feb, 2001
Wendy's sees mergers, acquisitions as part of plan. Wendy's International Inc., the third-largest U.S. hamburger chain, said on Monday that mergers and acquisitions are part of its strategic plan, a shift in its strategy. .... 12 Feb, 2001
To Ease the Pain of Franchising. When he decided to open a Fantastic Sams hair salon in Newark, Del., last March, Brian Haegele was nervous about the independence he would lose as a result of running a franchise. .... [more] 12 Feb, 2001
Looking for Howard Johnson. Fried clam strips, slow-cooked baked beans, frankfurters in scalloped paper trays. All of these used to be dished up at Howard Johnson, one roadside chain restaurant that, when my family was hungry and in the car, seemed about as good as any local place we might find. .... [more] 11 Feb, 2001
Wendy's Reports Earnings Decline. Wendy's International Inc. on Friday reported a 15 percent decline in fourth-quarter profits because of a one-time charge for closing the company's unprofitable Argentina restaurants. .... 9 Feb, 2001
Cendant nets $1.27 bln from offerings, ups EPS view. Franchising giant Cendant Corp., whose brands include Century 21 realtors and the Days Inn hotel chain, said on Thursday it raised a net $1.27 billion from offerings of stock and convertible bonds. .... 8 Feb, 2001
Cendant Q4 adjusted earnings fall, sees stronger 2001. Franchising giant Cendant Corp., whose brands include Century 21 realtors and the Days Inn hotel chain, said on Wednesday that its fourth-quarter adjusted earnings fell, but it expects to beat expectations for the first quarter and 2001. .... 8 Feb, 2001
Applebee's to Buy $55 Million in Shares. Restaurant chain Applebee's International Inc. on Tuesday said it would buy back up to $55 million of its shares in 2001. .... 7 Feb, 2001
RadioShack January store sales rise 9 percent. RadioShack Corp. on Tuesday reported that sales at company-owned stores increased 9 percent for the month of January. .... 6 Feb, 2001
Firms say delivery policies don't aim to exclude areas, but customers feel left out. Jacqueline Lipanem, a Northeastern student living in the Mission Hill section of Roxbury, complains that several restaurants refuse to deliver to her home. .... 4 Feb, 2001
Arab Boycott Taking a Bite Out of U.S. Firms. Caroline Shaheed's religious leaders told her that eating at McDonald's was against God's law in these days of Israeli-Palestinian fighting, and she obeyed them as long as she could. .... 4 Feb, 2001
7-Eleven fourth quarter net rises. U.S. convenience store chain 7-Eleven Inc. said on Thursday that its fourth-quarter profit rose 35 percent, beating analysts' lowered expectations, but warned of weakness in the first half of next year. .... 1 Feb, 2001
Starbucks Sales Up, Earns on Track. Starbucks Corp. on Thursday said January same-store sales rose 6 percent over last year, adding to a strong start for its fiscal year 2001 and putting it on target to achieve earnings goals. .... 1 Feb, 2001
Blockbuster says video distribution suit "meritless." Leading video rental chain Blockbuster Inc. said on Thursday a lawsuit charging that it was trying to drive independent video stores out of business was without merit and a re-run of similar so far unsuccessful legal efforts. .... 1 Feb, 2001
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