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 UNITED STATES FRANCHISE NEWS ARCHIVE
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: : Apr 2001
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McDonald's Opens McCafe. If you've grown tired of
the typical McDonald's offerings - Big Mac, fries, and a Coke, yawn
- then never fear, you may soon be in for more variety than you ever
expected. Just imagine a nice McDonald's tiramisu, or a hot, frothy
cappuccino. Yum! .... 30 Apr, 2001
McDonald's expected to reveal overseas management plan.
Fast-food giant McDonald's Corp. is expected on Tuesday to reveal
how its international business will be managed in the wake of senior
executive Jim Cantalupo's planned retirement, sources said on Monday.
.... 30 Apr, 2001
Presidential secrets: Research some franchises, grab
your UFOCs... and your history book? If you've caught the
franchise bug, you're certainly not alone. Franchising has long been
the business investment vehicle of choice for hundreds of thousands
of entrepreneurs. .... [more]
28 Apr, 2001
Starbucks Profit Up, Cautions on Sales. Starbucks
Corp. on Thursday posted a quarterly profit that met estimates, but
the top gourmet coffee retailer slightly lowered its full-year revenue
forecast, citing the slowing U.S. economy. .... 27 Apr, 2001
Want Fries with that Bankruptcy? Talk about
a bad case of indigestion. In 1999, Albert J. DiMarco and three partners
borrowed $15 million to open 41 Checkers & Rally's fast-food outlets
across the Midwest. .... 25 Apr, 2001
Brinker Sales Pace Earnings Rise. Restaurant
chain Brinker International Inc., operator of Chili's Grill & Bar
and the Corner Bakery Cafe restaurants, said on Tuesday its fiscal
third-quarter earnings rose 22 percent, meeting estimates, driven
by increases in sales at restaurants open at least one year. ....
24 Apr, 2001
Brewing up Success is thier Speciality. Coffee
companies are hot and in the black, a combination that could provide
a welcome jolt to some investors' portfolios. .... 24 Apr, 2001
Outback Steakhouse plans more restaurants. Restaurant
operator Outback Steakhouse Inc. said on Monday that earnings rose
almost 6 percent in the first quarter and it expects to open up to
35 company-owned restaurants in the United States over the next three
quarters. .... 23 Apr, 2001
Burger King to change menu with expanded value meals.
No. 2 U.S. hamburger chain Burger King Corp. said on Friday
it will expand its bundled menu offerings with additional sizing and
stronger promotions for its popular Value Meals, beginning with a
new national program called "Make It A Meal for 99 Cents." .... 20 Apr, 2001
ACE Cash has Q3 loss, sees profit. ACE Cash
Express Inc., the largest check-cashing chain, on Friday reported
a fiscal third-quarter loss of $4.2 million, following the accelerated
closing of 84 of its underperforming stores. .... 20 Apr, 2001
Friendly Ice Cream cut by S&P, which sees weakness.
Friendly Ice Cream Corp., the restaurant chain famous for
its "Fribble" ice cream-based drink, on Friday saw its credit and
debt ratings cut to medium and low junk levels by Standard & Poor's,
which said Friendly's weakened performance is hurting its flexibility.
.... 20 Apr, 2001
Talking... Franchising With Stephen Spinelli. A
co-founder of Jiffy Lube International offers his opinion on what
may be Golden Ranch's early troubles. .... [more]
20 Apr, 2001
Blockbuster quarterly profit surges 23 pct. Video
rental company Blockbuster Inc. said Thursday its first-quarter results
surged on strong worldwide sales and the growing popularity of digital
video disc, or DVD, rentals. .... 19 Apr, 2001
Starbucks to open coffee shops in Israel. Coffeeshop
giant Starbucks Corp. on Thursday said it would open its first store
in Israel this fall in the latest expansion of its espresso empire.
.... 19 Apr, 2001
Burger King Considers Buyout Offer. Under pressure
from franchise owners to go private, new Burger King CEO John Dasburg
said Thursday that the second-largest fast-food chain has talked with
a leveraged buyout firm. .... 19 Apr, 2001
Uno Restaurants sets terms of deal to go private. Uno
Restaurant Corp., which owns and franchises under the Pizzeria Uno
name, said on Thursday that it has signed a merger agreement to go
private under which shareholders will receive $9.75 per share in cash.
.... 19 Apr, 2001
McDonald's First-Quarter Earnings Drop. Fast-food
giant McDonald's Corp. on Thursday reported a 16 percent drop in first-quarter
earnings, meeting lowered estimates, as sales of hamburgers in Europe
continued to flag following outbreaks of animal diseases in the region.
The profit decline was the second consecutive quarterly drop for McDonald's.
.... 19 Apr, 2001
Cendant earnings fall, but beat estimates. Franchising
giant Cendant Corp. said on Wednesday its first-quarter earnings,
excluding one-time charges and gains, fell from a year earlier, but
beat estimates thanks to higher revenues than it expected in its real
estate services, hospitality, vehicle service and financial services
units. .... 18 Apr, 2001
McDonald's Expected to Be Lackluster. Hamburger
giant McDonald's Corp. is expected to post lackluster first-quarter
earnings on Thursday, unable to shake the lingering effects of animal
diseases that have dampened Europeans' taste for meat. .... 18 Apr, 2001
Tire Co's Fight Over Competition. An Iowa tire
retread company is one of two manufacturers accused of collaborating
to keep a competitor out of the market. .... 18 Apr, 2001
App-e.com Serves Up a Complete ERP Software Solution
in ASP Mode. ASP service solution offers Canada-wide reliable
Internet-based access to advanced accounting, payroll and human resource
management applications with no capital expenditures. .... 17 Apr, 2001
It Takes Long Hours To Run a Sure Thing. It
is midmorning at the 284-seat Golden Corral restaurant, and Bruce
McIntosh, 44-year-old financial executive turned entrepreneur, is
getting ready to open the doors again. .... [more]
16 Apr, 2001
Friendly Ice Cream franchises 31 restaurants. Restaurant
chain and ice cream maker Friendly Ice Cream Corp reported on Monday
net income of $1.45 million for the fourth quarter and said it has
enlisted Bank of America Securities LLC to assist it with potential
refinancing alternatives. .... 16 Apr, 2001
Friendly Ice Cream reports $1.45 million profit. Restaurant
chain and ice cream maker Friendly Ice Cream Corp reported on Monday
net income of $1.45 million for the fourth quarter and said it has
enlisted Bank of America Securities LLC to assist it with potential
refinancing alternatives. .... 16 Apr, 2001
Marriott Earns Likely Gauge for Industry. Wall
Street will be watching closely on Tuesday when Marriott International
reports earnings as investors try to gauge the hotel industry's health
amid slowing corporate travel, analysts said on Monday. .... 16 Apr, 2001
Panera same-store sales up 7.9 percent in March. Bakery
chain Panera Bread Co on Friday said same store sales rose 7.9 percent
in the four weeks ended March 24, compared to the year-ago period.
.... 13 Apr, 2001
Woman Settles McDonald's Lawsuit. A woman who
claimed she was permanently scarred by a hot McDonald's hamburger
pickle has settled her lawsuit against the restaurant chain. ....
13 Apr, 2001
Franchise Advisory Councils: Powerhouses or powderpuffs?
If you picked up a dictionary and looked up the word "franchise,"
you'd see an array of definitions: "freedom from some restriction
[and] servitude," and "the right to market a product, often
exclusive for a given area, as granted by the manufacturer."
.... 11 Apr, 2001
Making the Most Out Of Multiunit Franchising. In
1966, Florine Mark, a mother of five small children, spent $500 -
all the money she had - for a single Weight Watchers franchise in
Detroit, Mich. Today, she owns a Weight Watchers empire that runs
3,000 classes a week in 12 states, Mexico and Canada. .... [more]
11 Apr, 2001
Fast-Food Veteran to Head Up El Pollo Loco. Turning
up the heat as it expands into new markets in the Southwest, grilled-chicken
specialist El Pollo Loco on Tuesday appointed veteran fast-food marketer
Stephen E. Carley its president and chief executive. .... 11 Apr, 2001
FD of Monsoon believes franchise partnerships are key
element of growth strategy in Wall Street Transcript Interview. ....
[more]
10 Apr, 2001
RadioShack shares continue decline. Shares of
consumer electronics retailer RadioShack Corp. on Monday equalled
their two-year low on Monday closing down more than four percent,
amid poor earnings expectations and a number of analysts' downgrades.
.... 9 Apr, 2001
Tricon to Sell $850 Million of Junk Bonds. Tricon
Global Restaurants Inc., whose brands include KFC chicken, Pizza Hut
and Taco Bell, prepared on Monday to sell $850 million of junk bonds,
$100 million more than expected, in one of the largest junk bond sales
of the year, dealers said on Monday. .... 9 Apr, 2001
RadioShack Warns on Profits. Electronics retailer
RadioShack Corp. warned Friday of lower first-quarter profits because
of smaller gross margins in sales of satellites, computers and some
wireless phone offerings. .... 6 Apr, 2001
Noble Roman's Announces 1st International Franchise
Agreement For 3rd Military Base Location. .... [more]
5 Apr, 2001
Ex-Cendant Corp. executives plead not guilty. Two
former top executives of the Cendant Corp., the world's largest hotel
franchiser, pleaded innocent on Thursday to charges of directing an
accounting fraud that resulted in billions of dollars in losses. ....
5 Apr, 2001
Fast-Food Meals Leave Journalist Far From Happy. Like
many parents, Eric Schlosser regularly took his young sons to McDonald's.
"We were big customers," said Schlosser, an investigative journalist
and correspondent for Atlantic Monthly. "We ordered a lot of Happy
Meals." Then Schlosser accepted an assignment from Rolling Stone magazine
to write about the fast-food industry. .... 3 Apr, 2001
Window cleaners franchise way to success. Business
activity: One could say that Mike and Linda Merrick have taken great
"panes" to get their franchise business going - and that they went
at it "hook, line and sinker." .... [more]
2 Apr, 2001
McDonald's Task Force Wants Simpler Menu. A
McDonald's Corp. task force has recommended that the world's largest
restaurant company simplify its menu and meal promotions in order
to boost sales, a newspaper reported on Saturday. .... 1 Apr, 2001
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