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: : Aug 2001

GNC store owners mull settlement. Settlement notices were mailed to franchisees this week in hopes of stopping three potential class action lawsuits against General Nutrition Cos. Inc. filed by some members of its franchise system. .... [more] 31 Aug, 2001
Franchisee's expectations of Panera Bread on rise.
Covelli Enterprises Inc. is picking up the pace in its expansion plans for its Panera Bread franchise in Pittsburgh. .... [more] 31 Aug, 2001
Building a brand.
Lots of people buy and sell homes for profit. HomeVestors' founders had to find a way to make their franchise company stand out from the crowd. .... [more] 31 Aug, 2001
Creaming the competition.
Cold Stone Creamery plans to open as many as 100 franchise ice cream parlors in the Southeast within three years. .... [more] 31 Aug, 2001
Galileo investors OK Cendant merger.
Rosemont-based Galileo International Inc. said its stockholders approved its proposed merger with Cendant Corp. .... 31 Aug, 2001
Chico's Q2 profits top estimates.
Women's apparel chain Chico's FAS Inc. on Thursday said its second-quarter profits rose 50 percent, beating Wall Street estimates, as customers snatched up its casual-style clothing. .... 30 Aug, 2001
Travel Agents Launch Protest.
Travel agents nationwide temporarily closed up shop on Thursday to protest the airline industry's latest reduction in commissions paid to them, a change that has already resulted in more expensive booking fees for their customers. .... 30 Aug, 2001
McDonald's slows Latin growth.
McDonald's Corp. is curbing expansion of new restaurants in Argentina and Mexico because of their weakening economies, following through on the company's pledge to cut growth in emerging markets. .... 29 Aug, 2001
Papa John's franchise offer complete.
PJ Acquisition Corp. has completed its $21.8 million ($8.75 per share) cash offer for the nation's largest Papa John's franchisee. .... [more] 28 Aug, 2001
Tricon Sues Burger King Over Deal.
Tricon Global is suing fast-food rival Burger King Corp., claiming it was shortchanged more than $6 million. .... 28 Aug, 2001
Marriott to reposition Renaissance Hotels as chic.
Marriott International Inc. plans to turn its Renaissance hotels into a chic chain. .... 27 Aug, 2001
Pret poaches top US director.
Pret A Manager, the fashionable sandwich shops chain, has poached one of the top US directors from Starbucks, the coffee shop group, to strengthen its arm in the lunchtime war being fought on the streets of New York. .... 27 Aug, 2001
No retreat for Greenberg.
Though McDonald's risk-taking CEO has handily survived a problem-plagued tenure, his future is riding on his drive to restore the fast-food giant to its past profitability. .... 26 Aug, 2001
Does Your Idea Have Franchise Potential?
Learn the franchising basics before you move forward with your plan to let other entrepreneurs use your concept. .... [more] 25 Aug, 2001
Delivered-meal chain stakes out Charlotte franchises.
A franchise that specializes in home-delivered meals featuring charbroiled steaks is cooking up expansion plans for Charlotte. .... [more] 24 Aug, 2001
Payless opens new Florida locations.
Payless Car Rental Systems Inc. announced today the opening of three South Florida franchise locations. .... [more] 24 Aug, 2001
Barbecue chain to open restaurant in Palatine.
After two months of renovations totaling more than $1 million, Famous Dave's, a barbecue rib restaurant chain, is set to open in Palatine. .... 23 Aug, 2001
McDonald's sued over alleged game fraud.
McDonald's Corp. is facing a lawsuit over alleged fraud in its "Monopoly" and "Who Wants to Be a Millionaire" games. .... 23 Aug, 2001
Gymboree shrinks losses.
Ailing children's apparel retailer The Gymboree Corp. Thursday showed signs of recovery by narrowing losses in the second quarter to $7.3 million or 26 cents per share, an improvement on the $17 million net loss recorded for same period last year. .... [more] 23 Aug, 2001
Krispy Kreme profit, growth heat up.
Second quarter profit for Krispy Kreme Doughnuts Inc. jumped 65 percent as the bakery chain pursued new markets for its sugary doughnuts. .... 23 Aug, 2001
Entrepreneur Juggles Employees of All Ages.
Amid a still-tight job market, small-business owners often have staffers from both ends of the age spectrum. Here's how one franchisee successfully manages her age-diverse work force. .... [more] 22 Aug, 2001
Florida investigates GNC for illegal practices.
Pittsburgh-based General Nutrition Cos. Inc. is under investigation by the Office of the Attorney General in Florida for allegations of unfair and deceptive trade practices. .... [more] 22 Aug, 2001

Jacksonville at heart of McBurglar Case.
Jacksonville is at the heart of an investigation that led to the arrest of a suspected criminal ring that has been charged with stealing McDonald's high-level game prizes. .... [more] 22 Aug, 2001
Champps sticks to growth plan despite profit drop.
Champps Entertainment Inc. said Wednesday it is pressing ahead with a three-year plan to expand the restaurant chain, even though profits will remain depressed during that period. .... 22 Aug, 2001
Tony Roma's restaurants to expand to Brazil.
Dallas-based Romacorp Inc. said Tuesday it plans to launch Tony Roma's restaurants in Brazil. .... [more] 21 Aug, 2001
Waffle House Managers Win Suit.
A federal judge awarded nearly $2.9 million in overtime pay, plus interest, to Waffle House restaurant managers who said they regularly worked as cooks and servers and put in nearly twice as many hours as they were told to expect. .... 21 Aug, 2001
FBI arrests 8 in fraud scheme targeting McDonald's game.
The FBI on Tuesday arrested eight people allegedly involved in a scheme to defraud the McDonald's Corp. of some $13 million by rigging several of the fast food company's promotional games since as early as 1995. .... [more] 21 Aug, 2001
Group 1 Automotive drops plans for share offering.
Auto retailer Group 1 Automotive Inc. on Tuesday said it had dropped plans for a public stock offering because of a decline in its stock price. .... 21 Aug, 2001
Venator posts loss, to change name to Foot Locker.
Venator Group Inc., parent of the Foot Locker athletic shoe chain, on Tuesday said it slid into a quarterly loss on charges for plans to shed its non-athletic businesses, including its Burger King franchises. .... 21 Aug, 2001
ServiceMaster buying Sears pest unit.
The ServiceMaster Co. today said it is adding Sears Termite and Pest Control to its Terminix business, the nation's largest termite and pest control company. .... 20 Aug, 2001
Acquisition poises FFCA for world expansion.
Franchise Finance Corp. of America's acquisition by GE Capital could catapult the Scottsdale financing firm into the international arena. .... [more] 20 Aug, 2001
The franchising industry continues to heighten.
It generates an estimated $1 trillion annually in the United States alone and it takes an estimated 1,500 companies doing business through more than 316,000 retail units to generate that volume. .... [more] 17 Aug, 2001
Local technology training firm rolling its way to revenue records.
Information technology training giant ExecuTrain is having a down year, expecting little or no revenue growth for 2001. But business has been booming for its local operation. .... [more] 17 Aug, 2001
Coupon companies clipping along.
Val-Pak, known for its blue, coupon-stuffed envelopes, is stepping up its local delivery amid a growth spurt in the direct mail marketing industry nationwide. .... [more] 17 Aug, 2001
From the ground up.
Building a company from the ground up has its pitfalls, but inheriting an existing business has its challenges as well. .... [more] 17 Aug, 2001
Fast-Food Giveaway Toys Face Rising Recalls.
As restaurants give away more toys, and as the toys have become more sophisticated, an increasing number of the free toys are being recalled. .... 16 Aug, 2001
General Nutrition Settles Suits.
General Nutrition Companies Inc. has settled three lawsuits brought by disgruntled franchisees who claimed they were being charged more for products than nearby company-owned stores. .... 16 Aug, 2001
AFC Enterprises earnings rise on franchise revenue.
AFC Enterprises Inc., operator of the Popeye's Chicken and Cinnabon fast-food chains, said on Tuesday that fiscal second-quarter earnings rose on strong franchise revenues that improved margins, and lower interest expenses. .... 14 Aug, 2001
Cendant Checks In For Growth.
The diversified conglomerate is putting its accounting problems in the past and is wooing growth investors with an aggressive acquisition strategy that offers earnings upside at an affordable price. .... 14 Aug, 2001
Will 7-Eleven produce fine wines?
Chain pops the cork on wine expansion, but not everyone applauds. .... [more] 13 Aug, 2001
Lone Star resumes expansion with two restaurant openings.
Wichita-based restaurant chain Lone Star Steakhouse & Saloon Inc. has returned to a former growth path with its first new restaurant openings in more than two years. .... [more] 13 Aug, 2001
Cendant agrees on $425 million for Cheap Tickets.
Hotel, real estate and car rental giant Cendant Corp. agreed today to buy the discount airfare company Cheap Tickets Inc. for $425 million in cash. .... 13 Aug, 2001
McDonald's to Reveal Sources of Product 'Flavorings'.
Chastened by the controversy over its failure to disclose the use of beef extract in its french fries, McDonald's Corp. said Monday it would be more explicit with its customers about the ingredients in the food they're eating. .... 13 Aug, 2001
Krispy Kreme names North America president.
Krispy Kreme Doughnuts Inc. has appointed a former executive vice president of Northwest Airlines Inc. as president of its operations in North America. .... [more] 13 Aug, 2001
Eclypse lands Outdoor Lighting account.
Birmingham-based Eclypse Communication will market the Birmingham-area franchisee of Outdoor Lighting Perspectives, an exterior landscape and architectural lighting firm. .... [more] 10 Aug, 2001
RadioShack cuts 197 corporate jobs.
Fort Worth-based RadioShack Corp. said it has laid off 197 corporate employees, including 140 in Tarrant County. The electronics retailer said jobs were cut at all levels and areas outside its retail operations. .... [more] 10 Aug, 2001
IFA chief: Laid off? Time to start a franchise.
Denver's franchising market is thriving despite the slowing economy, according to Don DeBolt, president of the International Franchise Association. .... [more] 10 Aug, 2001
Woody's spreads franchising wings.
Woody's Wings 'N' Things, a family restaurant known for its buffalo-style chicken wings, hopes to fly out of the coop soon. .... [more] 10 Aug, 2001
Take time to discover potential franchisees' core values.
If you employ a complex recruiting process, you'll get the strongest candidates and, ultimately, the strongest franchisees. .... [more] 10 Aug, 2001
Why U.S. Franchises Face Problems Abroad.
Although the demand for American products and services is rising overseas, selling franchises abroad is becoming more of a challenge. .... [more] 8 Aug, 2001
Brinker earnings rise on Chili's sales.
Brinker International Inc., operator of Chili's Grill & Bar and Corner Bakery Cafe restaurants, said on Wednesday its fiscal fourth-quarter net income rose 17 percent, helped by new restaurants and by sales growth at those open at least a year. .... 8 Aug, 2001
Tricon Global Turnaround.
When you're looking to sink your teeth into value, Tricon Global Restaurants satisfies by serving up the potential for stronger earnings and comparable same-store sales growth in the fourth quarter of fiscal 2001. .... 7 Aug, 2001
Payless Car Rental is expanding.
Payless Car Rental System Inc. announced today it signed contracts for more than 10 new franchise locations in several top major U.S. markets. .... [more] 7 Aug, 2001
Wingstop expands with franchise.
Wingstop Restaurants is spreading its wings. The aviation-themed chicken wing chain has inked a franchise development agreement in Orlando as part of its entry into Florida. .... [more] 7 Aug, 2001
Group 1 Automotive sets share offering.
Group 1 Automotive Inc. said it will sell 2.2 million common shares in an underwritten public offering managed by Goldman, Sachs & Co., Merrill Lynch & Co., Banc of America Securities LLC and Robertson Stephens. .... [more] 6 Aug, 2001
Papa Murphy's taps Grey Worldwide to launch 100 new stores.
Take-and-bake pizza purveyor Papa Murphy's has tapped Grey Worldwide to launch a branding campaign in tandem with plans to open 100 new stores by year's end. .... [more] 6 Aug, 2001
RadioShack's July sales slip 5 percent.
Consumer electronics retailer RadioShack Corp. said Monday sales fell 5 percent in July from the year-ago period, while sales at stores open at least a year slipped 6 percent. .... [more] 6 Aug, 2001
Sharp costs hurt pizza biz.
Atlanta businesses survived outrageous gasoline prices last summer and painful heating prices last winter. Now there's a new essential commodity reaching all-time highs and cutting into profits. Cheese. .... [more] 6 Aug, 2001
German buyer for Budget arm
. The German operations of Budget, a US car rental group, is to be taken over by Nord Leas, a German leasing company, FT Deutschland has learnt. .... 5 Aug, 2001
Franchise cashing in on legal self-help.
We the People, which has locations in Florida and 10 other states, has turned do-it-yourself legal assistance into a fast-growing business. But not everyone has embraced the company, or the idea. .... [more] 5 Aug, 2001
Fast Food Just Got Faster.
McDonald's is looking to shear 15 seconds off its average 131-second wait by using the same technology that lets motorists zip through tollbooths on highways and bridges and get billed later. .... 3 Aug, 2001
Up and running on firm support.
Two entrepreneurs and the Central Plaza business area have reaped economic benefits from a new franchise program for African-Americans. .... [more] 3 Aug, 2001
Cornering the franchise on stability.
In good times and bad, or when the economy is just off its feed, the nation's franchise industry just seems to keep getting bigger, with ever-more kinds of goods and services being marketed by a growing band of entrepreneurs known as franchisees. .... [more] 3 Aug, 2001
McDonald's test-markets Latin dishes.
McDonald's Corp. is going Latino - test-marketing a Cuban sandwich, a dulce de leche caramel sundae and several other Hispanic dishes in select restaurants in South Florida. .... [more] 3 Aug, 2001
Pentagon Workers to Get Fast Food.
Some of America's most famous fast-foods are about to invade the Pentagon, offering to feed the troops with franchise standbys like chocolate glazed doughnuts and crispy fried chicken wings. .... 2 Aug, 2001
A Partnership of One.
When a partner in a franchise wants out, you're first call should be to an attorney - particularly if you're being asked to return her investment .... [more] 2 Aug, 2001
Fired Up to open more Florida restaurants.
Austin's Fired Up Inc. has signed an agreement with Dining Concepts LLC for development of Johnny Carino's Country Italian Restaurants in South Florida. .... [more] 2 Aug, 2001
Cendant-Galileo deal hits bumps.
Hotel and rental car giant Cendant Corp.'s $2.9 billion bid for Rosemont-based travel reservation firm Galileo International Inc. ran into trouble Wednesday as antitrust regulators in the United States and Europe said the proposed merger is under investigation. .... 2 Aug, 2001
Wendy's earnings rise on higher sales.
Wendy's International Inc., the No. 3 U.S. hamburger chain, on Wednesday said its second-quarter earnings rose 11 percent, boosted by new restaurant openings and increased sales at its Wendy's hamburger and Tim Hortons doughnut chains. .... 1 Aug, 2001
GE Capital completes Franchise Finance purchase.
General Electric Co.'s finance arm on Wednesday said it had completed the purchase of Franchise Finance Corp. of America, a leading chain store financer, in a sign of GE's growing role in the franchise financing market. .... 1 Aug, 2001
Burger King recalling toys.
Burger King announced a voluntary nationwide recall of 2.6 million Kids Meals toys because they are potentially hazardous to children. It's the company's third toy recall in less than two years. .... 1 Aug, 2001
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