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 UNITED STATES FRANCHISE NEWS ARCHIVE
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: : May 2002
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Wendy's Buying Mexican Restaurant Chain. Hamburger
chain Wendy's International Inc. on Friday said it would buy Fresh
Enterprises, owner of the Baja Fresh Mexican Grill restaurant chain,
for $275 million, further diversifying its franchise beyond burgers.
.... 31 May, 2002
Time to cut loose. To celebrate the 25th anniversary
of her Calico Corners franchise, Caryn Shaw is cutting ties with the
national fabric and home-decor retailer and branching out on her own.
.... [more]
31 May, 2002
CD Tradepost enters local market with plans to start franchising.
A Topeka-based company called CD Tradepost has entered the Wichita
market with its first store and plans to roll out a national franchise
concept, says company owner Dennis Strobel. .... [more]
31 May, 2002
McDonald's Exploring Non-Food Retailing. Fast-food giant
McDonald's Corp. is exploring the idea of selling non-food items in
its restaurants to drive up sales beyond its mainstay hamburgers,
fries and soft drinks, a spokesman said on Wednesday. .... 29 May, 2002
Cousins opens new store in Milwaukee. Menomonee Falls-based
sub sandwich chain, Cousins Subs, will open a new company store at
3104 S. 27th St. in Milwaukee. The location, to open Thursday, is
the 101st Cousins Subs in Wisconsin. .... [more]
29 May, 2002
Del Taco opening six Denver restaurants. Del Taco is
scheduled to open six more locations in Denver as part of a new franchisee
development agreement. .... [more]
28 May, 2002
Business-service franchises flourish. Norm Stoehr learned
a lot while running 14 different businesses over the years. Armed
with knowledge from his successes and failures, he started Inner Circle
International as a sounding board for other companies to get advice.
.... [more]
27 May, 2002
Mobile's Big 10 Tires rolling out stores on fast track.
It almost seems that Big 10 Tires and Automotive Service Center blossomed
overnight in Birmingham. .... [more]
27 May, 2002
Regis' Supercuts to sprout here. A local Regis Corp.
franchisee will bring at least 80 Supercuts hair salons to Minnesota
over the next 10 years. .... [more]
27 May, 2002
Attorney becomes one of two Certified Franchise Executives practicing
law. When Charles Modell entered the franchise practice at
Bloomington-based Larkin, Hoffman, Daly & Lindgren, his only experience
with franchising was a stint managing a Burger King when he was in
college. .... [more]
27 May, 2002
Cold Stone finds city hot market. Cold Stone Creamery
is expanding so quickly you might think the ice cream franchise will
soon have as many stores as it does ice cream flavor combinations.
.... [more]
25 May, 2002
New look, new stores and New York for Wall St. Deli.
After spending the better part of 15 years without a presence in the
city of its namesake, Wall Street Deli finally will open its first
New York location in the next six months. .... [more]
25 May, 2002
McDonald's pledges profit recovery. Shareholders in
the world's largest restaurant chain McDonald's have been promised
a long-awaited turnaround this year after 18 months of falling profits.
.... [more]
24 May, 2002
Rent-A-Center plans $213.5M secondary offering. Rent-A-Center
Inc., the leading operator of rent-to-own stores, on Thursday said
it has priced a secondary offering of 3.5 million shares of its common
stock at $61 per share. .... [more]
23 May, 2002
AFC Enterprises To Franchise Its Torrefazione Italia(R) Coffee
Cafe Brand. AFC Enterprises®, Inc. announced, this week, the
first offering of franchises under its Torrefazione Italia(R) Coffee
brand at the National Restaurant Association Show in Chicago. ....
[more] 22 May, 2002
Shoney's Inns to become GuestHouse International Inns & Suites.
ShoLodge Inc. says it will change the name of its Shoney's Inns hotel
chain to GuestHouse International Inns & Suites. .... [more]
21 May, 2002
Is This a Good Time To Buy a Franchise? In an uncertain
business climate, franchisees may have a small edge over other business
owners. Still, the Sept. 11 slowdown hurt some new franchisees, while
others survived unscathed. .... [more]
20 May, 2002
Do You Have the Traits Of an Ideal Franchisee? Before
plunking down cash for a franchise, see if you have the right personality
and work tendencies to succeed at this unique form of business ownership.
.... [more]
20 May, 2002
Success of local 2 Guys & A Truck brings challenge from national
firm. When Paul Wells and a partner started a new business
in 1996, the name they chose for their fledgling company - 2 Guys
& A Truck - was an accurate description. .... [more]
20 May, 2002
Krispy Kreme gives grant to NCSA. Winston-Salem-based
Krispy Kreme Doughnuts Inc. has given a $30,000 grant to the North
Carolina School of the Arts, also in Winston-Salem, to underwrite
the school's presentation of its senior films to industry representatives
in Los Angeles and New York City. .... [more]
20 May, 2002
Downturn sparking renewed interest in franchising option.
In spite of its somewhat checkered history, franchising has revealed
itself to be a proven concept with a resilience that has survived
the test of time. .... [more]
18 May, 2002
Taco-operative: Franchising feeds chain's growth. Mexican
fast-food chain Taco Del Mar has a new franchising plan, a new television
ad campaign to back it up, and plans to grow from 52 stores to 75
by the end of the year. .... [more]
18 May, 2002
Damon's unveils expansion menu. Damon's Restaurants
Inc. is serving up a plan to more than double the number of its restaurants
that bear its name through a new franchise recruiting program that
targets major cities east of the Mississippi River. .... [more]
18 May, 2002
Suit accuses Marriott of 'racketeering'. One of the
largest owners of the Marriott hotel chain is alleging the parent
firm, Marriott International, pocketed millions of dollars in kickbacks
from its suppliers. .... [more]
17 May, 2002
Gold's Gym International Plans Expansion In Peru. Gold's
Gym International announced today that they have formed a master franchise
development rights alliance with New Fitness Centers Inc. for expansion
in Peru. .... [more]
16 May, 2002
California Pizza to open Oxmoor restaurant May 21. California
Pizza Kitchen Inc. will open its first restaurant in Kentucky on May
21 at Louisville's Oxmoor Center mall, according to a news release.
.... [more]
16 May, 2002
Health Express USA Appoints New President. Health Express
USA, the country's first fast-food restaurant franchise to feature
gourmet health food, has appointed Russ Lo Bello as its new president.
.... 16 May, 2002
Integrated Learning Helps Drive Key New Horizons Franchise Renewals.
New Horizons Computer Learning Centers Inc., the world's largest provider
of IT training and a subsidiary of New Horizons Worldwide Inc., today
announced a trio of key franchise agreement renewals. .... 15 May, 2002
Checkers serves up quarterly yield. Checkers Drive-In
Restaurants Inc. reported Monday that total revenue from its corporate
and franchise restaurants for the first quarter ended March 25 rose
22.4 percent to $40.4 million from $35.2 million in the same period
a year ago. .... [more]
15 May, 2002
Tricon Combines Brands to Boost Sales. What in the name
of Colonel Harland Sanders is going on at KFC, the nation's leading
chicken restaurant chain? .... 15 May, 2002
SuperShuttle buys New York shuttle service. SuperShuttle
International Inc. has acquired Grayline Air Shuttle Inc., a Coach
USA company in New York City, officials of the Phoenix-based airport
shuttle van company said Tuesday. .... [more]
14 May, 2002
Fred's Announces First Quarter 2002 Conference Call Webcast.
Fred's, Inc. today announced that it will provide an online Web simulcast
of its first quarter 2002 earnings conference call on Tuesday, May
28, 2002. .... 14 May, 2002
GNC to Announce New Initiatives at 2002 Franchise Convention.
GNC Franchising, Inc., a subsidiary of General Nutrition Companies,
Inc., announced today that it will unveil a number of new initiatives
at its 2002 International Franchise Convention in Las Vegas this week.
.... 13 May, 2002
Brewing a comeback. In the middle of the last century
a firm called Horn & Hardart invented the fast-food concept, opening
dozens of self-service cafeterias in which patrons selected fresh
foods from vending machines. .... [more]
13 May, 2002
ExecuTrain rolling in new directions. A group of entrepreneurs
from across the country have bought ExecuTrain Corp., an Atlanta-based
company they helped build over the past 18 years through their own
franchise operations. .... [more]
12 May, 2002
Sylvan looks to China for 'Wall Street' growth. Millions
of China's billion or so people want to learn English. And Sylvan
Learning Systems Inc. wants to teach it to them. .... [more]
12 May, 2002
Paying the Piper. Ouch. Just when business travel is
down, you have to cough up money to update a hotel. .... 10 May, 2002
Different Outlook Drives McDonald's Trendy Partner.
British sandwich chain Pret A Manger prides itself on selling hand-made,
natural food in modest portions that could suit a dieter's lunch menu.
.... 9 May, 2002
Pizza Inn Rolls Out Pepperoni Wraps. Pizza Inn, Inc.
having completed 60-day test marketing, in four cities, is now rolling
out its new Pepperoni Wraps chainwide. .... 9 May, 2002
Krispy Kreme eyes 5 markets for international expansion.
Krispy Kreme Doughnuts Inc. is focusing its international expansion
on five countries initially, saying its research indicates Japan,
South Korea, Australia, Spain and Britain "will be viable markets
for the Krispy Kreme concept." .... 8 May, 2002
Hotel owner sues Prime Hospitality. The owner of Sunrise
Hotel Management in Fort Lauderdale said he has sued Wellesley Inn
& Suites Franchising and its parent company Prime Hospitality Corp.
.... [more]
8 May, 2002
E-payment firm lands 7-Eleven deal. Cyphermint, a Marlborough-based,
privately financed online-payment company, was tapped by 7-Eleven
Inc. to handle e-commerce, advertising and Internet cash-payment system
of the convenience-store giant's self-service kiosks. .... [more]
7 May, 2002
Legal Action Taken Against Sacramento Brake Shops. The
state is trying to put the brakes on a chain of Sacramento brake repair
shops with a history of complaints. .... 7 May, 2002
Rent-A-Center Files Secondary Equity Offering. Rent-A-Center,
Inc. today announced the filing of a registration statement with the
Securities and Exchange Commission for a secondary public offering
of 3,120,000 shares of its common stock. .... 7 May, 2002
Tricon acquires Yorkshire chains; stock splits. Louisville-based
Tricon Global Restaurants Inc. has completed its purchase of the Lexington,
Ky.-based restaurant chains owned by Yorkshire Global Restaurants,
according to a news release. .... [more]
7 May, 2002
Krispy Kreme to Open 62 New Stores. Krispy Kreme Doughnuts,
Inc. said on Monday that because of strong sales in the first quarter
it is increasing the number of new stores it plans to open this fiscal
year to 62 from 59. .... 6 May, 2002
Subway franchise gives Orlando family 'phenomenal' run.
When Pete DiPasqua Jr. made his first Subway sandwich working behind
the counter in Connecticut in 1976, there were 29 outlets worldwide.
Now there are more than 16,000; the chain surpassed McDonald's in
total U.S. restaurant units last year. .... 6 May, 2002
Who's Winning the Burger Wars? McDonald's Corp.'s share
of the fast-food hamburger market dipped last year, while No. 3 hamburger
chain Wendy's International Inc. boosted its market share for the
fifth straight year, according to a survey issued by a food service
consulting firm. .... 5 May, 2002
Suburban Franchise Systems, Inc. Now Owned By Suburban Lodge
Franchisees. Creating a breakthrough arrangement in the hotel
industry, a consortium of its franchisees acquired Suburban Franchisee
Systems, Inc. (SFS) on May 1, 2002 in an all cash transaction. ....
3 May, 2002
Rolling in the dough: Crescent City inks expansion deal with
franchise company. Houston-based Crescent City Beignets is
planning to roll out its New Orleans-inspired cuisine concept nationally
by the end of this year. .... [more]
3 May, 2002
Companies can reorganize to eliminate paying Texas franchise
tax. The annual May 15 deadline for filing reports and paying
annual Texas franchise tax is rapidly approaching. .... [more]
3 May, 2002
Krispy Kreme store had record opening. Krispy Kreme
Doughnuts Inc. said that its just-opened Maple Grove store set a new
company sales record during its opening week. .... [more]
2 May, 2002
MeriStar, Interstate Hotels to Merge. Interstate Hotels
Corp. will buy rival MeriStar Hotels & Resorts for about $53.3 million
in stock, forming the largest U.S. independent hotel operator, the
companies said on Thursday, as Interstate itself fought off a hostile
takeover bid. .... 2 May, 2002
Pickups Plus adds Texas franchise. Pickups Plus Inc.,
a Mason-based retailer of aftermarket truck and SUV accessories, has
expanded its reach by opening a new franchise in Houston. .... [more]
1 May, 2002
Panera Bread signs franchiser for 14 Atlanta stores.
Panera Bread has signed a deal with a franchiser to open 14 bakery-cafes
in northwest Atlanta and Georgia. .... [more]
1 May, 2002
UnitedAuto Posts Higher Profits. Auto dealer UnitedAuto
Group Inc. reported on Wednesday an increase in first-quarter earnings
and raised its outlook for the rest of the year on strong sales of
new and used vehicles. .... 1 May, 2002
Wendy's Net Rises; Sales Outlook Strong. Fast food
chain Wendy's International Inc. on Wednesday said first-quarter earnings
rose 12 percent, driven by robust sales of a new salad line and cost
controls. .... 1 May, 2002
Trademark Protection A Must For Franchises. A Vietnamese
Coffee franchise is fighting to recover its trademark in the US before
it can expand its system there. .... [more]
1 May, 2002
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