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UNITED STATES FRANCHISE NEWS ARCHIVE

 
: : Feb 2000

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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