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 UNITED STATES FRANCHISE NEWS ARCHIVE
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: : Feb 2000
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Yogen Fruz new co-CEO, deals (PR). Yogen Fruz Announces
New Pez Candy License For Frozen Novelties, Extended Term Of Tropicana
License, Test Marketing Of Tropicana Smoothie Shops And New Co-CEO.
.... 29 Feb, 2000
Bass Agrees to Acquire Bristol Hotels (PR). Bass PLC
and Bristol Hotels & Resorts, Inc. announced that they have signed
a definitive merger agreement whereby BAS, parent company of Bass
Hotels & Resorts, will acquire BH at a price of $9.50 per share pursuant
to a tender offer. .... 29 Feb, 2000
Fast food packaging fuels Bunzl growth. Consumers' appetite
for ready-to-eat meals and a turnround in US prices helped Bunzl,
the paper and packaging services group, raise annual pre-tax profits
by 32 per cent. .... [more]
28 Feb, 2000
Detroit couple files $100 mln lawsuit vs. McDonalds. A
Detroit couple filed a $100 million lawsuit against McDonalds Corp.
and one of its franchisees after they were beaten by employees for
complaining about a watery milkshake, the attorney representing the
couple said on Friday. .... 25 Feb, 2000
Marriott, Investors Reach Agreement. Marriott and investors
suing the company over limited partnerships formed in the 1980s have
reached a tentative settlement under which the hotel giant would buy
back 120 Courtyard by Marriott inns for $372 million. .... 25 Feb, 2000
J.C. Penney to Shut 300 Stores; Gap to Open 600. Retailing:
Department store chain reports disappointing fourth quarter as apparel
king says its profit jumps 32%. .... 25 Feb, 2000
Shoney's President Resigns. Stephen C. Sanders,
president and chief operating officer of Shoney's Restaurants, resigned
Wednesday to focus on his franchise businesses and consulting services.
.... 24 Feb, 2000
Burger King facing new Arab boycott. The Palestinian
official in charge of Jerusalem affairs, Faisal Husseini, has renewed
a call for an Arab boycott of the fast-food chain, Burger King, because
of an outlet it opened in a Jewish West Bank settlement. .... [more]
23 Feb, 2000
Franchisees Organize to Counter Company Power. Chains:
Store owners take a page from labor in seeking to be treated more
like business partners, not employees. .... 23 Feb, 2000
Franchisers Pin Hopes on Minority Entrepreneurs.
Companies are seeking recruits and vying to enter underserved urban
areas, but financing is still a problem for would-be owners. ....
23 Feb, 2000
Franchisers Would Welcome Downturn. The International
Franchise Assn., which is holding its annual convention in San Diego
this week, is hoping for a "damned good recession," quipped President
Don DeBolt. .... 23 Feb, 2000
Deal Will Create Area's Largest Convenience Store Chain. Seeking
marketing muscle and buying power in a consolidating industry, Clark
Retail Group Inc. has agreed to acquire White Hen Pantry Inc. to form
the largest convenience store chain in the Chicago area. .... 23 Feb, 2000
GMCH Opens Flagship Location, Set To Launch Franchise Program
(PR). This flagship store will be used as a prototype for
the Company's franchise program, which will be operated by Gourmet's
Choice Franchise, Inc., a wholly owned subsidiary of GMCH. .... 22 Feb, 2000
Coffee Entrepreneur Becomes First Woman to Lead International
Franchise Association. JoAnne Shaw CFE, co-founder of Flushing,
Mich.-based Coffee Beanery, was elected as 2000 chairman of the International
Franchise Association during its 40th annual convention, underway
this week in San Diego. .... [more]
20 Feb, 2000
McDonald's CEO Urges Stronger Partnerships Between Franchising
Industry and Communities (PR). Delivering the keynote address
to the 40th annual convention of the International Franchise Association
(IFA), McDonald's CEO and Chairman Jack Greenberg challenged the franchising
industry. .... 20 Feb, 2000
Coco's, Carrows Up for Sale as Firm Cuts Staff. Advantica
Restaurant Group Inc. said Thursday that it is putting its Irvine-based
Coco's and Carrows chains up for sale so that it can focus on its
more profitable Denny's restaurants. .... 18 Feb, 2000
FRANDATA Receives $1 Million From Silicon Valley Bank (PR).
The lines of credit are in addition to a significant first
round of funding from leading Internet venture capital firms in August,
1999, allowing FRANDATA to create the first business-to-business community
website for franchise owners. .... 17 Feb, 2000
Blockbuster Stock Up on News of Lower Loss. Shares
of Blockbuster Inc. rose as much as 20% after the company said its
fourth-quarter loss had narrowed amid optimism for its developing
business on the Internet. .... 16 Feb, 2000
In Sandwich Shop, 2 More Columbine Students Are Killed.
Less than a year after the massacre at Columbine High School,
two sophomores were found shot to death today in a sandwich shop near
the school. .... 15 Feb, 2000
Franchisees have little to say about ads. Owners must
remit a portion of gross sales for promotion, but can't control how
the money is allocated. Some talk about a horror show of mismanagement.
A renegade group of Jenny Craig weight-loss U.S. franchisees. ....
15 Feb, 2000
AutoNation Sees Local Brand Names as Vehicle to Success. Florida-based
car giant reverses its strategy of uniform monikers for franchises
across the country. Company closed used-car dealership in Oxnard last
year. .... 15 Feb, 2000
AlphaGraphics Introduces E-Commerce Printing Services to Franchising
Industry (PR). At this year's International Franchise Association
convention in San Diego, AlphaGraphics, Inc. will introduce a global
accounts program that integrates the latest in print technology and
e-commerce into a web site that can be customized to any business
or industry. .... 14 Feb, 2000
Starbucks, Kozmo.com Team on Promos. Kozmo.com will
pay Starbucks Coffee Co. $150 million over five years as part of a
joint promotional deal. .... 14 Feb, 2000
Ice cream wars Roddick fancies Ben & Jerry's. Anita
Roddick, founder and co-chairman of Body Shop has been linked to a
potential $268m (£165m) takeover of American ice cream company Ben
& Jerry's. .... [more]
12 Feb, 2000
Chief opts for Canadian fast-food. Jon Prinsell will
be leaving his position as president and chief executive officer of
Pizza Hut UK, a joint venture between Whitbread and Tricon Restaurants
International, to head a new chain of fast-food outlets in Canada.
.... [more]
12 Feb, 2000
Wendy's Fourth Quarter Base EPS Increases 27% to 33 cents (PR).
The strong performance was driven primarily by outstanding
sales growth at Wendy's U.S. and Tim Hortons Canada, store-level productivity
initiatives and cost controls. .... 11 Feb, 2000
Retail Sales Up Less Than Expected. Sales remained
brisk at U.S. new-car showrooms and in department stores in January
after a strong December, the Commerce Department said on Friday in
a report that contained few hints of softening in consumer spending.
.... 11 Feb, 2000
RepInvestment Group Makes Bid for Ben & Jerry's. Ben
& Jerry's Homemade Inc. received a buyout offer last week from a group
that calls itself a "socially responsible" alternative to the giant
multinational companies seeking to acquire the quirky ice cream company.
.... 10 Feb, 2000
Report Lifts Ben & Jerry's Shares. Shares of
Ben & Jerry's Homemade Inc. jumped nearly 13 percent this morning
after a published report said an investment group has offered $268
million for the ice cream maker. .... 10 Feb, 2000
OpenAuto.com Signs 6,000 Participating Auto Franchises Nationwide
(PR). OpenAuto.com, the first open market automotive e-tailer,
today announced that it has secured the participation of more than
6,000 auto dealers nationwide. .... 10 Feb, 2000
Rascals Comedy Clubs Introduces Its Franchise Program (PR).
Rascals International Inc., announced that it is ready to
begin franchising its Rascals Comedy Clubs. .... 9 Feb, 2000
McDonald's January Sales Up 10% Worldwide. McDonald's
Corp. reported that sales at its company-owned and franchised restaurants
rose 10% worldwide on a constant currency basis in January, and it
said it expects strong growth in domestic and foreign operations in
2000. .... 9 Feb, 2000
Profit Rose 23 Percent At Choice Hotels in 1999. Choice
Hotels International Inc. of Silver Spring, one of the country's largest
hotel franchisers, said its 1999 earnings rose nearly 23 percent.
.... 9 Feb, 2000
Franchisees Battle Mergers By Seeking Concessions. From
diet centers to ice-cream sellers, franchisees are battling a wave
of mergers and acquisitions in the franchising world by seeking concessions
from acquiring firms in return for peaceful coexistence. .... 9 Feb, 2000
Small Grocers Battling Superstores. The only
grocery store in this small southwestern North Dakota town hasn't
changed much in the last 45 years. .... 9 Feb, 2000
McDonald's to open 9 restaurants in Russia. McDonald's
Corp., the world's largest restaurant company, will open nine new
restaurants in Russia this year as it marks a decade of serving Big
Macs at its busiest outlet worldwide on Moscow's Pushkin Square. ....
6 Feb, 2000
Hot Doughnuts. Late one weeknight, sitting in the Krispy
Kreme doughnut shop on Route 1 in Alexandria. .... 6 Feb, 2000
Ramada Will Build a 59 Room Inn. The Oak Forest City
Council has unanimously approved plans for a Ramada Inn franchise
in the city's industrial park on Frontage Road on the east side of
Interstate Highway 57 near Kilbourn Avenue. .... 6 Feb, 2000
Ben & Jerry's Eyes Alternate Bid. Stronger Jan. Shares
in ice cream company Ben & Jerry's Homemade Inc. rose nearly 9 today
after the company confirmed it may be receiving a buyout offer from
a "socially conscious" group. .... 4 Feb, 2000
Retail Sales Reported. Consumers continued their
yearlong buying binge in January, despite some harsh winter weather
that paralyzed much of the country and forced many stores to close.
.... 3 Feb, 2000
Top Retailers' Jan. Sales Figures. January sales and
sales for the fiscal year to date reported by leading retailers. .....
3 Feb, 2000
American Kiosk Corporation Opens Professional Test Kitchen in
Tampa, Fla. American Kiosk Corporation, Franchisor for Zero's
Mr. Submarine and Pizza Place, announces the opening of a professional
test kitchen. .... 3 Feb, 2000
Unfair Scoop on Ben & Jerry's. The Jan. 27 article [news
story, "Trying to Lick a Takeover"] on the public resistence to a
corporate takeover of Ben & Jerry's was unnecessarily negative. ....
1 Feb, 2000
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