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UNITED STATES FRANCHISE NEWS ARCHIVE

 
: : Jun 2001

10 questions to ask before getting a franchise. When people hear the word "franchise," fast-food restaurants like McDonald's, Burger King and Wendy's probably come to mind. But the truth is, the franchise business covers more than just hamburgers. .... 29 Jun, 2001
PJ Acquisition to buy PJ America for $22.8 mln.
PJ America Inc., the largest franchisee of Papa John's pizza restaurants, on Friday said it has agreed to merge with PJ Acquisition Corp., in a cash deal worth $22.8 million. .... 29 Jun, 2001
Burger King sets new supplier animal care standard.
Burger King Corp., operator of the second-largest U.S. hamburger chain, said on Thursday it will require stricter standards for animal treatment and handling by suppliers, following similar moves by competitors. .... 28 Jun, 2001
Planners Delay DryClean Depot Decision.
In the struggle for Northern Virginia's soiled shirts and wrinkled skirts, the Fairfax County Planning Commission had been expected to rule last night either for a huge discount cleaner or for dozens of Korean mom-and-pop operations. .... [more] 28 Jun, 2001
NCB Franchise Services Acquires Selected Business Lines From FRANDATA Corporation.
Franchise Services, a wholly-owned subsidiary of National Cooperative Bank (NCB), today announced that it has acquired selected business lines from FRANDATA Corporation, the nation's leading supplier of information to and about the franchising industry. .... 27 Jun, 2001
Marriott Expands Weekend Deals.
Hotel operator Marriott International Inc. said on Wednesday it has expanded its summer weekend discount program to 325 Courtyard hotels, in what some analysts called a preemptive move to head off an anticipated slowdown in summer vacation travel. .... 27 Jun, 2001
Burger King Corporation Announces Results of Burger-Eater Opinion Poll.
Consumers Prefer Munching on French Fries Over Sipping Beverages With Their Burgers. .... 26 Jun, 2001
CKE Restaurants first-quarter loss narrows.
CKE Restaurants Inc., which operates No. 4 U.S. hamburger chain Hardee's, on Tuesday said its first-quarter loss narrowed as it closed stores and worked to pay down debt. .... 26 Jun, 2001
United Auto Buys Some Ford Dealerships.
UnitedAuto Group, the second-largest publicly traded auto dealer in the United States, said on Tuesday it had agreed to buy a group of Ford Motor Co. dealerships in Tulsa, Oklahoma, from the automaker. .... 26 Jun, 2001
Krispy Kreme picks national agency to help branding.
Krispy Kreme Doughnuts Inc. has announced it will partner with GSD&M, a national advertising agency and brand consultant, to help extend its brand during its national and international expansion. .... [more] 25 Jun, 2001
'Nutritional' fruit smoothies to franchise in Bay State.
A fruit smoothie franchise that considers its stores to be "nutritional lifestyles centers" and has 270 stores across the country is on its way to Massachusetts. .... [more] 25 Jun, 2001
Outback Steakhouse says earnings expected lower.
Casual dining restaurant operator Outback Steakhouse Inc. said on Monday that fiscal second-quarter earnings will not meet consensus estimates due to lower than expected growth at restaurants open at least one year and high ingredient costs. .... 25 Jun, 2001
Denny's Parent Co. Gets Top Mark.
The parent company of Denny's has been ranked the best company for minority employees by Fortune Magazine for the second year in a row. .... 25 Jun, 2001
I'm Ready To Franchise!
Great... but don't forget about bizopps. Franchising your business can be a great way to generate additional revenue, but getting there is not as simple as it sounds. Be prepared to invest time and money. .... [more] 25 Jun, 2001
American Diner Making a Comeback.
In an unusual twist, both McDonald's and Denny's Restaurants are now revamping some franchises to look like diners. .... 23 Jun, 2001
How to Find a Franchise That's Perfect for You
. Your entrepreneurial spirit may be telling you to break out on your own, but uncovering the best franchise opportunity can be difficult - unless you know where to look. .... [more] 22 Jun, 2001
Tricon Says Profits in Line with Forecast.
Tricon Global Restaurants Inc., the world's No. 2 restaurant company, on Thursday forecast second-quarter profits in line with Wall Street expectations, amid moderate sales improvement at the company's three fast-food chains. .... 21 Jun, 2001
CKE Restaurants, Inc. Invites You to Join Its First Quarter Conference Call on the Web.
In conjunction with CKE Restaurants, Inc.'s first quarter earnings release, you are invited to listen to the Company's conference call that will be broadcast live over the Internet on Tuesday, June 26, 2001 at 11 a.m. EST with Andrew F. Puzder, president and chief executive officer of CKE Restaurants, Inc. .... 20 Jun, 2001
Ukraine Bans Beef From Russian McDonald's Plant.
Ukraine's Agriculture Ministry said it had banned indefinitely imports of beef products from a Russian plant owned by global fast food giant McDonald's Corp. over fears of mad cow disease. .... 20 Jun, 2001
Precision Auto Care's Fix For Stalling Franchises.
At Precision Auto Care, it was the company that needed a tuneup. No company gets turned around overnight, but Precision thinks that several new measures will point the way to revenue increases and profitability. .... [more] 19 Jun, 2001

Cinnabon Opens 26 Bakeries, Announces Development Agreements for 32 New Bakeries.
Cinnabon®, a subsidiary of AFC Enterprises, Inc., announced that it signed development agreements with two new franchise partners and extended agreements with current franchise partners that have committed to build 32 new Cinnabon bakeries. .... 19 Jun, 2001
Energy costs pressure Jack in the Box earnings.
Fiscal third-quarter earnings for Jack in the Box Inc. will be slightly lower than expected due to rising utility costs and a tropical storm that recently struck Southeastern Texas, the fast-food restaurant operator and franchiser said on Tuesday. .... 19 Jun, 2001
Meritage Hospitality Group Reports Stronger Second Quarter Results.
Meritage Hospitality Group Inc., the nation's only publicly traded Wendy's franchisee, today announced net sales for the second quarter ended May 31, 2001 increased 12.8% to $9.4 million. .... 19 Jun, 2001
Shoney's says reviewing strategic opportunities.
Shoney's Inc., which owns, operates, and franchises 998 restaurants, said on Tuesday it had hired Bank of America to help review "strategic opportunities," a term often used to suggest a company is considering putting itself up for sale. .... 19 Jun, 2001
USADATA Launches Direct Mail Portal(TM) For Mr. Handyman Franchisees.
USADATA, today announced it has launched with Mr. Handyman International LLC an online service that enables Mr. Handyman's franchise owners to inexpensively and efficiently execute direct-mail campaigns. .... 18 Jun, 2001
Former franchisee cleans up with janitorial business.
Phillip Kubec thinks his Fort Lauderdale janitorial services franchise chain is recession-proof. And he's counting on growing his business with nascent entrepreneurs who have left the corporate world. .... 18 Jun, 2001
Cendant Sees 2002 Profits Top Estimates.
Cendant Corp., the franchising giant that owns the Avis rental car brand, said on Monday it expected its acquisition of the Galileo travel reservation network to help it exceed 2002 earnings estimates, and was confident about its second-quarter and 2001 forecasts. .... 18 Jun, 2001
Cendant Strikes Deal to Acquire Galileo.
Cendant Corp. agreed on Sunday to acquire reservation systems supplier Galileo International Inc. for nearly $2.9 billion, sources said, in a bid by the franchising giant to bolster its existing travel service units. .... 17 Jun, 2001
McDonald's Puts McFalafel Egypt's Menu.
Big Macs, Filet-O-Fish and golden fries are available from Paris to Peoria. But the fast-food giant McDonald's occasionally bows to local tastes - replacing beef with mutton in Hindu-majority India, serving Samurai Pork Burgers to Thais and garnishing burgers with fried eggs in Japan. Now it's Egypt's turn - with the McFalafel. .... 16 Jun, 2001
Krispy Kreme May Expand Overseas.
Krispy Kreme Doughnuts is looking to Europe and Asia for new store locations even as it pursues an aggressive expansion campaign in the United States. .... 15 Jun, 2001
McDonald's sees sequential improvement in earnings. Fast-food giant McDonald's Corp., which forecast second-quarter earnings below Wall Street estimates, on Friday said it expects sequential improvement in its earnings growth as the year unfolds. .... 15 Jun, 2001
Jenny Craig to Sell Headquarters.
Jenny Craig Inc. has reached an agreement to sell its corporate headquarters, part of a recent move to improve profits for the struggling weight-loss company. .... 15 Jun, 2001
McDonald's may spin off sites into REIT.
In the wake of a federal tax ruling, McDonald's Corp. on Thursday became the first major U.S. company to say it is considering spinning off its assets into a tax-free real estate investment trust. .... 15 Jun, 2001
Circuit City Sees Profits Plummet.
Circuit City Group, hurt by the absence of major appliances and an overall weakness in personal computers, saw earnings plummet 82 percent in its fiscal first quarter. .... 15 Jun, 2001
McDonald's warns earnings to miss expectations.
Fast-food giant McDonald's Corp. on Friday forecast that its second-quarter earnings would be below Wall Street expectations, as a strong U.S. dollar and lingering concerns over mad cow disease in Europe continue to hurt results. .... 15 Jun, 2001
Marriott expands energy surcharge outside Calif.
Marriott International Inc. has become the last of the nation's top three hotel operators to expand its energy surcharge outside of California to offset rising electricity costs, a spokesman said on Thursday. .... 14 Jun, 2001
7-Eleven May U.S. same-store merchandise up 3.9 pct.
Convenience store chain 7-Eleven Inc. said on Thursday that U.S. same-store merchandise sales rose by 3.9 percent in May over a year ago. .... 14 Jun, 2001
The ill-conceived Starbucks boycott.
A boycott of Starbucks as a community response to the shooting death of Aaron Roberts is an outdated method of addressing some very real problems. .... [more] 13 Jun, 2001
McDonald's seen trimming 2001 earnings outlook.
McDonald's Corp., the world's largest restaurant operator, is likely to shave its full-year 2001 earnings estimates on Friday amid continued currency pressures, lack of a blockbuster U.S. promotion and rising costs, restaurant analysts said on Wednesday. .... 13 Jun, 2001
CKE Warns of First Quarter Loss.
CKE Restaurants Inc. said Wednesday it has completed the sale of its Taco Bueno chain to a private investment group and warned that it expects a "substantial" first quarter loss. .... 13 Jun, 2001
Taco Bell to Drop Energy Surcharge.
Taco Bell's burritos and tacos have lost some energy. Taco Bell Corp. fielded so many complaints about its energy surcharge that it scrubbed the fees after just two days. .... 12 Jun, 2001
How Franchise Buybacks Sap Entrepreneurial Spirit.
As the largest independent provider of computer training, New Horizons Worldwide Inc. is practiced at teaching others. Now the company itself is facing some tough lessons about sustaining growth. .... [more] 12 Jun, 2001
Burger King Replaces Play-Area Nets After Child Dies.
Fast-food chain Burger King Corp. said on Tuesday it will replace nets at indoor and outdoor play areas at its restaurants after a four-year-old boy died climbing on one at a Burger King restaurant in St. Louis. .... 12 Jun, 2001
Valenti plans to become largest Wendy's franchisee.
Valenti Mid-South Management is reaping the benefits of an infusion of cash, equipment and staff that has been funneled into the Memphis Wendy's restaurants the company acquired in 1999. .... [more] 8 Jun, 2001
Shortage Brewing For America's Other Black Gold - Coffee.
A supply crisis could be brewing for one of the most important commodities imported into the United States. No, it has nothing to do with OPEC and oil prices. Rather, it is a looming coffee production problem. .... 8 Jun, 2001
Shell Suppliers Give $60M to Taco Bell.
Taco Bell franchise owners will receive $60 million from taco shell suppliers to help recoup losses from a massive recall in response to a genetically altered corn scare last year. .... 8 Jun, 2001
Krispy Kreme making lots of trendy dough.
A friend of mine vows she will never eat a Krispy Kreme doughnut, will never, ever let that seductive blob of grease and glaze transgress her pristine lips. .... 8 Jun, 2001
Doubts voiced on Galileo deal.
Franchise giant Cendant Corp. confirmed Thursday that it is in talks to buy Rosemont-based Galileo International Inc., although some analysts questioned the long-term value of such a deal. .... 8 Jun, 2001
Carlson Restaurants Worldwide Announces Acquisition of 'Pick Up Stix(R)'.
Carlson Restaurants Worldwide, a global restaurant company, announced today that it has signed a purchase agreement with Charles Zhang and the shareholders of Pick Up Stix Inc. for the purchase of the Stix and Pick Up Stix restaurant concepts. .... 7 Jun, 2001
Wendy's May U.S. same-store sales up 2.1 percent.
Wendy's International Inc. said on Thursday that May sales at U.S. restaurants open at least one year rose 2.1 percent and repeated that it expects 2001 earnings-per-share growth of 12-15 percent. .... 7 Jun, 2001
Starbucks reaffirms guidance, expansion plans.
Starbucks Corp., the No. 1 specialty coffee retailer, on Thursday reaffirmed previous earnings guidance for the year and said it is on-track to have more than 10,000 stores worldwide by 2005. .... 7 Jun, 2001
Cendant, Galileo in Acquisition Talks.
Cendant Corp., the franchising giant that owns the Avis rental car and Century 21 brands, said on Thursday it has entered talks to buy reservation systems supplier Galileo International Inc. in a deal that could shake up the travel services industry. .... 7 Jun, 2001
Is a McREIT in the Cards?
If you thought McDonald's was in the burger business, you were only three-quarters right. Last year, Micky D's had $14.2 billion in revenue, and nearly a quarter of that - $3.8 billion - came in the form of rental income and percentage rents. That figure puts McDonald's knee-deep in the real estate business, and the company likes it that way. .... 7 Jun, 2001
Brinker shares rise on same-store sales trends.
Shares in casual dining chain Brinker International Inc. rose as much as 11 percent on Thursday, following news that its May sales at restaurants open at least one year were up 2.7 percent. .... 7 Jun, 2001
Report says Cendant to buy Galileo.
Shares of Rosemont-based airline reservation system Galileo International Inc. jumped Wednesday after broadcast reports that it was close to a deal to be acquired by franchising giant Cendant Corp. .... 7 Jun, 2001
The hole nine yards. What Krispy Kreme needs to do to ensure its long-term success.
It is appropriate that the CEO of Krispy Kreme is named Scott Livengood. In his company's first two weeks on the New York Stock Exchange, Krispy Kreme stock rose from $59 to $75, and the company announced its second stock split of the year. Plus, Livengood gets to eat Krispy Kreme doughnuts all day. .... [more] 6 Jun, 2001
NYSE moves to delist Jenny Craig stock.
The New York Stock Exchange said on Wednesday it determined that the common stock of diet franchise Jenny Craig Inc. should be delisted because the company has fallen below its listing requirements. .... 6 Jun, 2001
Cendant Declines Comment on Galileo Report.
Franchising group Cendant Corp. on Wednesday declined comment on a CNBC television report it was negotiating a deal to buy Galileo International Inc. for more than $2.7 billion in cash and stock. .... 6 Jun, 2001
Blockbuster Agrees to Settle Late Fees Suit.
Video retailer Blockbuster Inc. said on Wednesday it agreed to settle class-action lawsuits regarding its late fee policy, although the company will continue to charge for late returns of rentals. .... 6 Jun, 2001
Brinker May same-store sales up 2.7 pct.
Casual dining company Brinker International Inc. on Wednesday said its May same-store sales rose 2.7 percent on the strength of its Chili's chain. .... 6 Jun, 2001
The Hole in the Krispy Kreme Craze.
Are investors expecting too much, even if those are fine, fine doughnuts? .... 6 Jun, 2001
Blockbuster, RadioShack Open Store.
RadioShack Corp. unveiled its first consumer electronics counter inside a Blockbuster video store on Tuesday, and the companies plan to open 120 of them by the end of the month. .... 5 Jun, 2001
California Pizza Kitchen Sees Soft Sales.
California Pizza Kitchen Inc. shares fell almost 15 percent on Tuesday after the restaurant chain said second-quarter earnings likely will miss Wall Street estimates on slower sales at restaurants open at least one year. .... 5 Jun, 2001
Checkers to take control of 21 restaurants from CKE.
Checkers Drive-In Restaurants Inc. said on Tuesday that effective July 3 it will resume operating 21 of its restaurants that CKE Restaurants Inc. has been running the last five years. .... 5 Jun, 2001
Retailer seeks ad agency with a Midas touch.
Midas Inc. is on the hunt for a new advertising agency - again. That, if you're counting, will be its fourth since it parted ways in 1995 with the former Wells Rich Greene after 25 years. .... 5 Jun, 2001
Krispy Kreme Continues Southern California Expansion With Riverside Store Opening.
The newest Krispy Kreme Doughnuts, Inc. store opened for business in Riverside today, marking the popular chain's second site in the Inland Empire and the thirteenth in Southern California. .... 5 Jun, 2001
PETA Enlists Celebrities to Press Burger King.
Animal rights group People for the Ethical Treatment of Animals (PETA) on Monday said it enlisted actors Alec Baldwin and Richard Pryor to push Burger King Corp. to meet standards of animal welfare adopted by fast-food arch-rival McDonald's Corp. .... 4 Jun, 2001
Regis sees 2002 earnings per share up 21 pct.
Hair salon operator Regis Corp. on Monday said sales at U.S. salons open at least a year were slightly below plan in May, rising only 1.5 percent, but it forecast sharply higher 2002 earnings following a proposed accounting change. .... 4 Jun, 2001
Tricon Enters $90 Million AD Deal.
Tricon Global Restaurants Inc., the parent company of Pizza Hut, KFC and Taco Bell, said Monday it has signed a wide-ranging $90 million advertising deal with Fox that includes network and cable promotions. .... 4 Jun, 2001
Duo cooks up plans for pizza franchise.
Two experienced food service executives have bought Boulder-based Nick-N-Willy's World Famous Take-N-Bake Pizza in hopes of raising the pizza chain's visibility and rapidly expanding the chain. .... 2 Jun, 2001
Here's a tip: Give them more. Ever tip the counter worker who handed you a Big Mac? You might want to consider it, a New York City agency says. .... 2 Jun, 2001
US Franchise Systems Announces 2002 Brand Franchisee Conference.
Atlanta-based US Franchise Systems, parent company of the franchisors of the Microtel Inns & Suites, Hawthorn Suites and Best Inns & Suites hotel chains, will hold the 2002 Franchisee Conference for all three brands at the Marriott Marquis in Atlanta, Ga. on March 3 and 4. .... 1 Jun, 2001
'Lord' of the onion rings: NL, Burger King in promo.
Burger King will tie in with New Line Cinema's highly anticipated Dec. 19 release of "The Lord of the Rings: The Fellowship of the Ring" with paid media, in-store and online promotions. .... 1 Jun, 2001
Dunkin' Donuts Workers Strike. Unionized drivers and warehouse workers complaining of unfair labor practices at the Dunkin' Donuts Midlantic Distribution Center walked off the job Thursday night and picketed at the center Friday. .... 1 Jun, 2001
Prices Hurting Chuck E. Cheese. Blaming higher cheese prices, officials at Chuck E. Cheese's are warning that the company's earnings will fall short of expectations this year. .... 1 Jun, 2001
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