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UNITED STATES FRANCHISE NEWS ARCHIVE

 
: : Apr 2001

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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