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UNITED STATES FRANCHISE NEWS ARCHIVE

 
: : Jul 2002

Smith, Domino's franchise owner, honored. Scott Smith, owner of Domino's Pizza stores in Pahrump and Mesquite, was honored with the Domino's Pizza Gold Franny Award for operational excellence during the company's recent regional awards ceremony in Las Vegas. .... [more] 31 Jul, 2002
Large Chains Devour Small Restaurateurs. After more than 20 years in the restaurant business, chef David Schy pursued the dream of many an entrepreneurial American: He opened his own restaurant. .... [more] 31 Jul, 2002
Hilton Posts Earnings Drop, Matching Estimates. Hospitality: The hotel chain lowers its outlook for the rest of the year. Its results are better than those of its major rivals. .... 31 Jul, 2002
Crackdown on Asian 'hostess bars' across eight US states. FBI agents have broken up an Asian prostitution and money-laundering ring spanning several states in the United States, according to press reports here. .... 30 Jul, 2002
Coldwell Banker real estate awards franchise rights in Egypt. The Coldwell Banker and the Coldwell Banker Commercial brand names have debuted in Egypt with the close of a master franchise agreement. .... [more] 28 Jul, 2002
Diageo on liquids only diet after $2.3bn Burger King sale. Diageo sealed its transformation into a focused drinks group yesterday, with the $2.26bn (1.4bn) sale of Burger King to a consortium of US venture capitalists led by Texas Pacific. .... [more] 26 Jul, 2002
Diageo agrees Burger King sale. Drinks group Diageo has confirmed it will sell its Burger King chain of fast-food outlets to a US consortium. .... [more] 25 Jul, 2002
Blockbuster Reports 2nd-Quarter Profit. Blockbuster Inc., the world's biggest video-store chain, posted a second-quarter profit as DVD and game sales rose and the company said expenses declined because of an accounting change. .... 25 Jul, 2002
McDonald's Shows Profit, but Sales Dip. McDonald's Corp. reported its first quarterly profit increase in more than a year, as lower costs and new restaurant openings helped offset weak sales. .... 25 Jul, 2002
Morton's ShareholdersTurn Down Icahn. The bitter battle over Morton's Restaurant Group Inc. ended when shareholders accepted Castle Harlan Inc.'s offer to acquire the company, snubbing an offer from billionaire financier Carl Icahn. .... 24 Jul, 2002
Cendant may receive $54m windfall. Cendant, the US franchising and marketing group, on Tuesday said it could receive up to a $54m windfall from the settlement of a shareholder derivative lawsuit filed againstseveral former officers of the company. .... 23 Jul, 2002
RadioShack to Settle Managers' Overtime Lawsuit. RadioShack Corp. said Tuesday that it would pay $29.9 million to settle the unpaid overtime claims of 1,300 managers in California in one of the largest such agreements in the short history of the state's white-collar wage litigation wave. .... 17 Jul, 2002
Ten Things Your Exterminator Won't Tell You. "Your bugs will come back - but we might not." .... 16 Jul, 2002
Father, son open metal franchise here. A new kind of supermarket has opened in Louisville, but patrons won't have to watch their ice cream melt in the express lane waiting for the guy in front of them to check out. .... [more] 12 Jul, 2002
Marriott's Earnings Flat in Quarter. Marriott International Inc. said second-quarter earnings were little changed as tax benefits from a synthetic-fuel business helped the hotel company weather a slump in travel. .... 12 Jul, 2002
Fremont to put limits on drive-through eateries. Dramatically reversing course on the regulation of fast-food franchises, the Fremont City Council has decided to place restrictions on new drive-through restaurants, saying more controls are needed - particularly in residential neighborhoods. .... 11 Jul, 2002

Cendant Seeks to Query SEC Chief Accountant. Cendant Corp. wants to question Securities and Exchange Commission Chief Accountant Robert Herdman to get information that supports the company's lawsuit against his former employer, Ernst & Young. .... 8 Jul, 2002
Flipping Burgers. Most every top leveraged-buyout artist suddenly is hungry for Burger King, the perennially neglected chain now up for sale. Maybe it is finally time for this brand to sizzle. .... [more] 8 Jul, 2002
Children's fitness franchise opening in Louisville. It's a major departure to go from a career in financial planning to one running a children's fitness center, but it's a welcome change for Bill Berndt. .... [more] 5 Jul, 2002
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