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UNITED STATES FRANCHISE NEWS ARCHIVE

 
: : Jun 2000

Check In to Hilton Hotels. Investors who have written off the hotelier are in for a wake-up call. .... 30 Jun, 2000
Sheep Farmers Battle 'McDomination'. Thousands of supporters and activists gathered in a show of solidarity with a French sheep farmer who went on trial Friday for vandalizing a local McDonald's, turning him into a national symbol of anti-globalization. .... 30 Jun, 2000
Hardee's Chain Drags Down CKE Again. CKE Restaurants Inc., the nation's fourth-largest hamburger chain, said Thursday that sagging sales at its Hardee's unit had caused another quarter of losses. .... 30 Jun, 2000
McDonald's Fans Coming to Itasca With Prizes. Longtime McDonald's memorabilia collector Linda Gegorski can't say for sure how many toys, books, buttons and other fast-food franchise items she has accumulated over the last two decades. .... 30 Jun, 2000
McDonald's: U.S. Sales Rebounded in June. McDonald's Corp., the world's largest fast food chain, said on Thursday its U.S. store sales have bounced back in June after a delayed Teenie Beanie Babies promotion hurt sales in May. .... 29 Jun, 2000
Big Mac Attack Leader Goes on Trial. At least 30,000 people are expected Friday in Millau, in the heart of Roquefort country, where Bove and nine others were arrested last August after trashing a soon-to-open McDonald's. .... 29 Jun, 2000
Tricon Not Playing Ketchup With the Competition. Fast-food franchiser Tricon had a strong first quarter and insiders are snapping up more shares. .... 28 Jun, 2000
7-Eleven Postpones $10 Million Offering. 7-Eleven Inc., the world's largest convenience store chain, said on Wednesday it postponed a 10 million share offering after the company's stock price fell. .... 28 Jun, 2000
King-Sized Greed at a Burger King. One day this month, Bill ambled into a Burger King fast foodery on Shady Grove Road in Gaithersburg. He ordered a Whopper (a mega-burger) and a cup of water. Bill fully expected to pay for the first. He was aghast when he was asked to pay 50 cents for the second. .... [more] 28 Jun, 2000
INTEREST - Retail Price Wars in Germany. Another of Germany's biggest homegrown retail giants slashed prices Tuesday to compete with U.S.-based Wal-Mart, the latest volley in an escalating price war that highlights the changes American-style marketing and competition have brought to Germany's restrictive retailing sector. .... 27 Jun, 2000
INTEREST - Webvan Buys Rival HomeGrocer.com Webvan Group Inc. is buying HomeGrocer.com Inc. for about $1 billion in stock in the first sign of consolidation in the money-losing online supermarket business. .... 26 Jun, 2000
St Charles Solicits Downtown Ideas. Given the retail developments along Randall Road on the city's west side, residents at the meeting generally agreed that franchise-type businesses would not fit in. .... 25 Jun, 2000
INTEREST - Amazon tumbles to year-low. The web's most famous retailer, Amazon.com, has seen its share price tumble 20% on Friday to a low of $33. Six months ago the stock sold for $113. .... [more] 22 Jun, 2000
Triarc Plans Sale of Stock. Triarc Cos. Inc., which owns the Snapple, Mistic and Royal Crown soft drink brands as well as the Arby's fast-food restaurant franchise, plans to sell stock in its beverage business later this year. .... 22 Jun, 2000
Burger King to float. Food and drink giant Diageo is preparing a partial flotation of its Burger King business on the New York Stock Exchange as a prelude to a full demerger from the company. .... [more] 22 Jun, 2000
Diageo plans partial flotation of Burger King. Diageo, the food and drink conglomerate, has announced plans for a partial flotation of its Burger King fast-food chain in New York. .... [more] 22 Jun, 2000
Burger King May Become Independent. Diageo PLC hopes to sell a partial stake in its Burger King restaurant business, a move which could lead to full independence for the huge fast-food chain. .... 22 Jun, 2000
Stocks to Watch: Diageo, IDX Systems and More. Diageo up slightly on news it is considering partial flotation of Burger King franchise on NYSE. .... 22 Jun, 2000
McDonald's, Accel-KKR to Form Net Firm. McDonald's Corp., the world's largest fast food chain, and the investment concern Accel-KKR Inc. said on Thursday they had agreed to form a global Internet venture to help food companies cut costs. .... 22 Jun, 2000
South Bay gets a taste of Krispy Kreme. Forget that Hustler Casino thing. Something bigger is about to hit the Freeway City. Well, maybe not that big. But if you eat enough of them, they could make you forget about ever being a size 5 again. .... 22 Jun, 2000
H&R Block CEO to Become Chairman. H&R Block Inc., the world's biggest tax preparation company, named Chief Executive Frank L. Salizzoni chairman to replace Henry W. Bloch, 77, who will retire in the fall. .... 22 Jun, 2000
Kozmo.com Delays IPO, Lays Off 5% of Staff. Kozmo.com Inc. delayed plans to raise as much as $150 million in an initial stock sale and said it has fired 24 people, or 5% of its salaried staff. .... 22 Jun, 2000

Hotel groups link to beat Net rivals. Four global hotel groups - fierce competitors in the real world - have joined forces in cyberspace to tackle independent rivals such as Expedia, lastminute.com and travel.com.au. .... 20 Jun, 2000
Cendant postpones tracking stock, Move.com IPO. Franchising giant Cendant Corp. became the latest in a spate of companies to delay a stock offering on Friday, when it said it postponed the public offering of the tracking stock of its real estate and home services Web site, Move.com. .... 16 Jun, 2000
Padres' Gwynn To Open Restaurants. San Diego Padres outfielder Tony Gwynn announced plans Thursday to open 100 Church's Chicken outlets in Southern California in hopes of creating jobs in local communities. .... 15 Jun, 2000
Cendant says to seek damages from former CUC execs. Cendant Corp. said on Thursday it will sue two former chief financial officers of CUC International over the alleged multi-million-dollar accounting fraud, which wiped $13 billion off the hotel, car-rental and real-estate franchising firm's market value in 1998. .... 15 Jun, 2000
3 Former Officers Plead Guilty in Accounting Fraud. Three former executives at franchising giant Cendant Corp. pleaded guilty Wednesday to an accounting fraud described by federal prosecutors as one of the largest against public investors, resulting in billions of dollars in losses. .... 15 Jun, 2000
Midas Shares Drop on Surprise Profit Warning. Investors punished Itasca-based Midas Inc. on Wednesday, pushing down shares 16 percent after company officials unexpectedly .... 15 Jun, 2000
Cendant says to seek damages from former CUC execs. Cendant's move comes after three lower-ranking CUC finance officers pleaded guilty to accounting fraud in a New Jersey court on Wednesday, but claimed more senior officers of the company encouraged the fraud. .... 15 Jun, 2000
Pickups Plus Announces its First Area Agreement for Pittsburgh, Pa (PR). The agreement calls for the opening of five new Pickups Plus stores within the next two years. .... 15 Jun, 2000
U.S. Franchise Systems Names Steven Romaniello President and Chief Operating Officer (PR). .... 15 Jun, 2000
Express Personnel CEO Named Entrepreneur of Year (PR) Robert A. Funk, chairman and CEO of Oklahoma City-based personnel services franchise, Express Services Inc., was named Entrepreneur of the Year by the International Franchise Association (IFA). .... 15 Jun, 2000
Puzder Assigned to Rescue Hardee's Hamburger Chain. Puzder, 49, who for years served as attorney for CKE founder Carl Karcher, takes over a chain that has been a major drain on the Anaheim company's resources. .... 15 Jun, 2000
CKE Names Exec to Run Hardee's Unit. CKE Restaurants Inc. executive Andrew F. Puzder has been tapped to run the company's struggling Hardee's chain. .... 15 Jun, 2000
Papa John's Trims Sales Expectations. Shares of pizza chain restaurant Papa John's declined this morning after the company said same-store sales for May dropped 2.8%, and the company forecast lower comparable-store sales for the full year. .... 14 Jun, 2000
Starbucks Corp. plans to add lunch items. Starbucks Corp. plans to add lunch items at up to 400 of its stores by the end of fiscal 2001, and said it has raised prices in three markets - California, Britain and Canada. .... 14 Jun, 2000
Midas Sees Profits Below Estimates. Midas Inc., one of the world's largest providers of car maintenance services, said on Wednesday it expects second-quarter and full-year earnings to fall short of Wall Street estimates because of a delay in its program to overhaul its image and offer expanded services. .... 14 Jun, 2000
US retail sales continue to slide. American shoppers curbed their spending in May, sending nationwide retail sales down by a larger-than-expected 0.3 per cent and providing further evidence that the blistering pace of US economic growth may finally be slowing. .... [more] 14 Jun, 2000
INTEREST - Where e-business is driving the auto industry. "It is April 27, 2010, and Kate has decided she wants to buy a new car. Out of many sites that her WebPad brings up, she narrows her choice to two: Ford.com and Build-your-own-car.com..." .... 14 Jun, 2000
Three Ex-Cendant Execs in Fraud Plea Deal. Three former executives of Cendant Corp. hotel, car-rental and real-estate franchising firm pleaded guilty Wednesday to an accounting fraud described by U.S. prosecutors as one of the largest against public investors, resulting in billions of dollars in losses. .... 14 Jun, 2000
Ex-Cendant Executives Plead Guilty. Three former executives at franchising giant Cendant Corp. pleaded guilty Wednesday to inflating revenues in an accounting scandal that led to the largest-ever settlement in a shareholder class-action suit. .... 14 Jun, 2000
US retail sales drop. The US boom appears to be slowing, as retail sales fall 0.3% in May from April. .... [more] 13 Jun, 2000
Retail Sales Fall in May. Americans curbed their spending in May and pushed retail sales down for a second month in a row, new evidence that rising interest rates are beginning to slow the economy. .... 13 Jun, 2000
MotleyFool.com - Daily Double: Krispy Kremes Expectations. Homer Simpson may be America's favorite animated half-wit, but he's definitely in sync with the national obsession for doughnuts. Breakfast? Snack? Dessert? .... 12 Jun, 2000
Wendy's and Tim Hortons Continue Positive Sales Momentum. Wendy's International, Inc. announced today positive sales results during the May period, which ended on June 4, 2000. .... 12 Jun, 2000
McDonald's Against Religious Coercion in Israel
McDonald's Israeli franchise called for an end to "religious coercion" in Israel Monday and demanded the government allow the restaurant chain to employ young Jews to sell hamburgers on the Sabbath. .... 12 Jun, 2000
Heavy Days at Jenny Craig. The Diet Company Soared With Its Sensible Approach to Eating and Weight Control. Then the Market Changed - and the Company Didn't. .... 9 Jun, 2000
The Burger King of West L.A. It's all in how you're raised, or maybe where. I'm a Valley boy, so I grew up on double-decker burgers in three-layer buns loaded with sesame seeds, washed down by "milkshakes" frozen as solid as an Italian semifreddo. All hamburgers pale beside the Bob's Big Boy's I lived on in high school. .... 8 Jun, 2000
AutoNation to Stop Online Broker Sales. AutoNation Inc., the largest U.S. car retailer, has told all its 900 dealers not to sell vehicles to Internet brokers after General Motors Corp. and Ford Motor Co. last month warned that dealers could lose their franchise agreements for doing so. .... 8 Jun, 2000
Paper Warehouse sees gain from store sublease. Party goods and gift wrap supplier Paper Warehouse Inc. said Wednesday its second quarter earnings will include a gain of $500,000 or 6 cents a share from a store sublease. .... 7 Jun, 2000
Retailers' Stocks Get a Nasty Jolt. More signs of a slowing economy may be what investors overall are hoping to see - unless those signs are coming from their companies. .... 7 Jun, 2000
UPDATE-2 AutoNation sees higher Internet sales in '00. AutoNation Inc., the country's largest new vehicle retailer, expects to sell $1.7 billion worth of new cars and trucks over the Internet this year, a 70 percent increase over 1999, Chief Executive Officer Michael J. Jackson said on Wednesday. .... 7 Jun, 2000
Domino's Reaches Deal on Accusations of Bias. Moving to settle a string of racial bias complaints, Domino's Pizza said today that it had reached an agreement with the Justice Department to guarantee deliveries to all neighborhoods unless there was proven evidence that the area posed a threat to drivers. .... 7 Jun, 2000
U.S., Domino's Reach Agreement on Pizza Delivery. The U.S. Justice Department said on Monday it reached an agreement with Domino's Pizza Inc. resolving several complaints by minority customers that the company refused to deliver to certain areas inhabited by blacks. .... 6 Jun, 2000
Domino's Revises Delivery Policy. Domino's Pizza Inc. reached agreement Monday with the Justice Department on a nationwide delivery policy that resolves a complaint that its geographic delivery limits were biased against African Americans. .... 6 Jun, 2000
Radioshack May same-store sales up 7 pct. Consumer electronics retailer RadioShack on Tuesday said May same-store sales, sales at stores open at least for one year, at company-owned shops rose 7 percent, driven by strong results in its computer and audio video business. .... 6 Jun, 2000
Jenny Craig, Jerry's Deli Privatizations Sought. Major shareholders in Jenny Craig and Jerry's Famous Deli said separately Monday that they want to take their companies private, joining a growing list of investors who are seeking shelter from volatile stock market that has bashed shares in recent months. .... 6 Jun, 2000
McDonald's Sponsoring Olympic Games. McDonald's Corp. renewed its worldwide Olympic sponsorship Tuesday, becoming the eighth international corporate backer for the 2002 Winter Games in Salt Lake City and 2004 Summer Olympics in Athens, Greece. .... 6 Jun, 2000
OK for Leases with Restaurants, Retail Operation Sought. The Chicago Aviation Department plans Wednesday to seek City Council approval for leases for seven restaurants and a retail shop in the new Midway Airport terminal set to open in February. .... 6 Jun, 2000
INTEREST - Apparel Sites Need More Than Window Shoppers. Virtual boutique Girlshop.com Inc. started as a bare-bones site that was little more than one woman's hobby. But the New York company has won raves for its success in translating the excitement of high-fashion retail into the technical environment of the Internet. .... 6 Jun, 2000
Opposition to Starbucks Plan Percolates Along PCH. But city officials see few obstacles to the corporate coffee giant replacing a restaurant on the busy street. .... 2 Jun, 2000
U.S. Franchise Systems in major restructuring. Hotel franchiser U.S. Franchise Systems Inc. said Friday it plans to repurchase about 43 percent of its common stock in a transaction worth about $65 million as part of an agreement with Chicago's Pritzker family, which will invest in the company. .... 2 Jun, 2000
Smiles Still in Order at AutoNation. It tried to compete in the used-car superstore arena. Along with CarMax, AutoNation - backed by the deep pockets of H. Wayne Huizenga - was going to teach traditional car dealers a lesson in how to sell used cars. .... 1 Jun, 2000
Major Retailers Report May Sales. .... 1 Jun, 2000
Retail Sales Lackluster in May. Cool temperatures curbed shoppers' appetite for spring merchandise like shorts and garden supplies in May, dampening sales at many of the nation's biggest retailers. .... 1 Jun, 2000
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