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UNITED STATES FRANCHISE NEWS ARCHIVE

 
: : Mar 2001

Analysts see some sizzle in Wendy's shares. When investors lose their shirt on the Nasdaq Stock Market, they look for solace. And what better way than by dropping by the local Wendy's fast-food outlet for an Old-Fashioned Hamburger and a Tim Hortons doughnut on the side. .... 30 Mar, 2001
Taco Bell sales stabilizing after slump -Tricon. Taco Bell restaurant sales are stabilizing after a slump last year that caused cash-flow problems at about 1,000 units amid a scare over genetically modified corn, Tricon Global Restaurants Inc. said on Friday. .... 30 Mar, 2001
L.A. Franchisee Sues Shakey's Chain. Sterling Foods Inc., a Los Angeles-based franchisee of the Shakey's pizza chain, filed suit against Shakey's Inc. in Los Angeles County Superior Court, alleging breach of contract and accounting fraud and seeking more than $5 million in damages. .... 30 Mar, 2001
Tricon Global: Taco Bell Sales to Be Flat. Tricon Global Restaurants Inc., the No. 2 U.S. restaurant operator, said on Friday that sales at its U.S. Taco Bell outlets open at least a year are expected to be flat for the year, while those of Pizza Hut and KFC outlets will grow slightly. .... 30 Mar, 2001
Cendant to pay cash for Fairfield in $690 mln deal. Cendant Corp., the world's biggest hotel franchiser, on Friday said it will now pay entirely in cash to acquire time-share resort operator Fairfield Communities, a deal it valued at about $690 million. .... 30 Mar, 2001
GE To Buy Franchise Financing Co. General Electric Co. will buy Franchise Finance Corp. of America for $1.4 billion, the company announced Friday. .... 30 Mar, 2001
Starbucks chairman sells stock to buy Sonics. Starbucks Corp. Chairman Howard Schultz said on Wednesday he will sell 1.7 million shares in the coffee shop giant via forward contracts to fund his investment in the Seattle Supersonics basketball club. .... 29 Mar, 2001
Drug Emporium Files for Chapter 11. Drug Emporium Inc. filed for Chapter 11 bankruptcy protection Tuesday as a condition of the company's sale to a Minnesota-based drugstore company. .... 27 Mar, 2001
Snyder's, Drug Emporium Discuss Deal. The Drug Emporium Inc. retail chain said Friday it will file for protection from its creditors under Chapter 11 of the federal bankruptcy laws, and will propose as part of its reorganization plan that it be sold to a Minnesota-based drugstore company. .... 24 Mar, 2001
French Farmer's Sentence Upheld. A French appeals court on Thursday upheld a radical farmer's three-month prison sentence for ransacking a McDonald's to protest unchecked globalization. .... 22 Mar, 2001
McDonald's plans coffee bars in U.S. - BusinessWeek. Fast-food giant McDonald's Corp. has decided to ride the coffee wave that's spreading across the United States by bringing its McCafe coffee bars to home soil, financial magazine BusinesWeek reported. .... 22 Mar, 2001
McDonald's Unveils Mighty Kids Meal. Just a tad too old for Happy Meals? McDonald's is introducing a version for slightly older customers - Mighty Kids Meals. .... 22 Mar, 2001
Meet the London sandwich king who has part sold to McDonalds. Julian Metcalfe is becoming annoyed. We are in a smart restaurant in Soho having ordered lunch 40 minutes ago. The waiter has been hovering with offers of more bread, more mineral water, another glass of chardonnay. But there is still no sign of our food. .... [more] 23 Mar, 2001
Food fears bite McDonald's. European concern over livestock diseases is hurting restaurant leviathan's shares. .... 20 Mar, 2001
Starbucks Announces Fourth Stock Split. Starbucks Corp. on Tuesday held its annual shareholder meeting celebrating the runaway success of its espresso empire, but activists picketed its use of genetically engineered ingredients. .... 20 Mar, 2001
U.S. Residents Could Receive Free Tacos. The chances are very slim, but there is a possibility. .... 20 Mar, 2001
US court denies Pizza Hut appeal on ads. The U.S. Supreme Court rejected on Monday an appeal by Pizza Hut Inc., the nation's largest pizza chain, in its false advertising claim against rival Papa John's International Inc. for the slogan, "Better Ingredients. Better Pizza." .... 19 Mar, 2001
7-Eleven Warns of Weak Results. Convenience store chain 7-Eleven Inc. on Monday warned of weak first-quarter results due to a difficult gasoline market, a continued slowdown in consumer spending and increased utility costs. .... 19 Mar, 2001
Blockbuster Suit Not Class-Action. In a blow to nearly 200 owners of independent video stores, a federal judge has rejected class-action status for their lawsuit against Blockbuster Inc. over revenue-sharing deals with movie studios. .... 19 Mar, 2001

Wendy's Predicts Earnings Shortfall. Wendy's International Inc. said lower sales during the winter months and higher utility and beef costs will cause its first-quarter earnings to fall below expectations. .... 19 Mar, 2001
Krispy Kreme To Build New Plant. Krispy Kreme Doughnuts Inc. said Monday it plans to build an Illinois manufacturing and distribution plant to supply its stores in the Midwest and West. .... 19 Mar, 2001
Diner puts combo meals on table. In a quest to help the double its U.S. business by 2010, McDonald's will test a new restaurant concept in central Indiana .... 16 Mar, 2001
Rallye restructures Athlete's Foot. French financial holding company Rallye has announced a restructuring plan for its subsidiary, US sportswear chain Athlete's Foot, which registered an operating loss of $22.7m last year, for turnover of $247.9m. .... 16 Mar, 2001
McDonald's to test diner style outlet. McDonald's Corp., the world's No. 1 fast-food company, will begin experimenting with a diner style outlet on Monday when it opens a restaurant in Kokomo, Indiana, the Wall Street Journal reported in its online edition on Friday. .... 16 Mar, 2001
H&R Block reaffirms earnings, revenue guidance for 2001. H&R Block Inc. on Thursday said it expects to meet its previously announced revenue and earnings goals for the full year, noting that revenues from tax preparation and related services increased 11.6 percent in January and February from the previous year. .... 15 Mar, 2001
Area Pizza Lovers Pick Their Prize Pies. Alert the media. The votes are in for Southern Maryland's best pizza. .... [more] 15 Mar, 2001
CKE to Sell Taco Bueno Unit for $72.5 Million. CKE Restaurants Inc., in an ongoing attempt to reduce debt, said it will sell its Taco Bueno unit for $72.5 million to Jacobson Partners, a closely held New York investment firm. .... 15 Mar, 2001
McDonald's Says Fears Hurt Earnings. Europeans' leeriness of beef during a mad-cow disease scare is hurting McDonald's sales more than expected, the fast-food chain said Wednesday as it warned profits are still falling. .... 14 Mar, 2001
More Laid-Off Execs Turn To Franchising. Jeff Meylon and Carolyn Webber each spent 25 years climbing the corporate ladder. When the executives were laid off after a series of mergers and acquisitions at their respective companies, they opted not to re-enter the corporate world. .... 14 Mar, 2001
Analysts: McDonald's May Lower Earnings. Fast-food giant McDonald's Corp. is likely to lower its first-quarter earnings outlook Wednesday, restaurant analysts said, as the company continues to struggle with mad cow disease in Europe and heightened competition in its primary U.S. market. .... 13 Mar, 2001
McDonald's moves to enforce mad cow standards. McDonald's Corp., which has been struggling with fears of mad cow disease in Europe, said it will enforce compliance standards for its U.S. beef suppliers to ensure that the brain-wasting disease stays out of its U.S. hamburger supply. .... 13 Mar, 2001
McDonald's USA names franchise owner as senior VP. McDonald's Corp., the world's largest restaurant chain, said on Tuesday it named franchise owner Paul Saber as a senior vice president of McDonald's USA in an effort to improve customer satisfaction. .... 13 Mar, 2001
Taco Bell Workers Win Lawsuit. Thousands of former Taco Bell workers in Oregon have won a class-action lawsuit alleging time cards were doctored so managers could meet productivity deadlines and get bonuses. .... 12 Mar, 2001
In Fast Food, Some See Fast Track. Jobs: A chance for stability, career growth and higher salaries is luring many Latinos to the industry. .... 12 Mar, 2001
Franchise Aims For Top Of Heap. Want to clean out a relative's mobile home, your teenager's room before he comes home from school? Maybe you've got an old coffin that you couldn't give away at a garage sale. It might be time to call 1-800-Got-Junk?. .... 9 Mar, 2001
Beefburger passes its best-by date in Europe. The beefburger is falling victim to Europe's mad cow crisis as the fast-food business rewrites menus to reflect a shift in consumer tastes. .... 9 Mar, 2001
Wendy's Feb. same-store sales up 0.9 pct in U.S. Wendy's International Inc., the third-largest U.S. hamburger chain, said Friday that sales rose 0.9 percent at company-owned U.S. Wendy's restaurants open for least a year, in the face of severe weather and competitors' discounts. .... 9 Mar, 2001
Wendy's Employee Shoots Co-Workers. Greensboro Police say an employee at a local Wendy's shot two co-workers late Wednesday afternoon. .... 7 Mar, 2001
Krispy Kreme Shares Rise 5 Percent. Fourth-quarter net income at Krispy Kreme Doughnuts Inc. more than tripled, sending shares up nearly 5 percent. .... 7 Mar, 2001
Wendy's in baking venture with Ireland's IAWS. Wendy's International Inc. said Tuesday that its joint baking venture with food group IAWS Group Plc , which joins companies based in Dublin, Ohio and Dublin, Ireland, will add to its earnings by 2003. .... 7 Mar, 2001
Krispy Kreme stock to move to New York Stock Exchange. Doughnut chain Krispy Kreme Doughnuts Inc. on Wednesday said that its common stock will begin trading on the New York Stock Exchange under the ticker symbol "KK'' beginning May 17. .... 7 Mar, 2001
Fast expansion by Burger King. Burger King, the fast food chain owned by Diageo, is set to open 200 to 300 new restaurants across Europe, the Middle East and Africa in 2001. .... 7 Mar, 2001
McDonalds Mexico loses dispute over burger slogan. The Mexican affiliate of McDonalds Corp. has lost a court challenge of its use of an advertising slogan claimed by another business, a company spokeswoman said on Monday. .... 6 Mar, 2001
McDonald's Recalls Bug Toy. McDonald's Corp. on Monday voluntarily recalled about 234,000 "Scooter Bug'' toys after learning three children had choked or gagged on the toy's antennae, which are prone to breaking off. .... 5 Mar, 2001
UPS To Buy Mail Boxes Etc. United Parcel Service announced Friday it will purchase Sorrento Mesa-based Mail Boxes Etc. for an undisclosed amount. .... 5 Mar, 2001
Tricon Feb. Same-Store Sales Up 1 Percent. Tricon Global Restaurants Inc., the No. 2 U.S. restaurant company, said sales rose 1 percent in February at company-owned restaurants open at least a year, with its troubled Taco Bell chain weighing on results. .... 1 Mar, 2001
Former Execs Indicted on Fraud Counts. Two former executives falsely inflated the value of a Connecticut company involved in the merger that created Cendant Corp., leading to a massive stock fraud scandal, federal authorities charged Wednesday. .... 1 Mar, 2001
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