UNITED STATES FRANCHISE NEWS ARCHIVE
: : Mar 2001
| Analysts see some sizzle in Wendy's shares. When
investors lose their shirt on the Nasdaq Stock Market, they look for
solace. And what better way than by dropping by the local Wendy's
fast-food outlet for an Old-Fashioned Hamburger and a Tim Hortons
doughnut on the side. .... 30 Mar, 2001
Taco Bell sales stabilizing after slump -Tricon. Taco
Bell restaurant sales are stabilizing after a slump last year that
caused cash-flow problems at about 1,000 units amid a scare over genetically
modified corn, Tricon Global Restaurants Inc. said on Friday. ....
30 Mar, 2001
L.A. Franchisee Sues Shakey's Chain. Sterling
Foods Inc., a Los Angeles-based franchisee of the Shakey's pizza chain,
filed suit against Shakey's Inc. in Los Angeles County Superior Court,
alleging breach of contract and accounting fraud and seeking more
than $5 million in damages. .... 30 Mar, 2001
Tricon Global: Taco Bell Sales to Be Flat. Tricon
Global Restaurants Inc., the No. 2 U.S. restaurant operator, said
on Friday that sales at its U.S. Taco Bell outlets open at least a
year are expected to be flat for the year, while those of Pizza Hut
and KFC outlets will grow slightly. .... 30 Mar, 2001
Cendant to pay cash for Fairfield in $690 mln deal.
Cendant Corp., the world's biggest hotel franchiser, on Friday said
it will now pay entirely in cash to acquire time-share resort operator
Fairfield Communities, a deal it valued at about $690 million. ....
30 Mar, 2001
GE To Buy Franchise Financing Co. General Electric
Co. will buy Franchise Finance Corp. of America for $1.4 billion,
the company announced Friday. .... 30 Mar, 2001
Starbucks chairman sells stock to buy Sonics. Starbucks
Corp. Chairman Howard Schultz said on Wednesday he will sell 1.7 million
shares in the coffee shop giant via forward contracts to fund his
investment in the Seattle Supersonics basketball club. .... 29 Mar, 2001
Drug Emporium Files for Chapter 11. Drug Emporium
Inc. filed for Chapter 11 bankruptcy protection Tuesday as a condition
of the company's sale to a Minnesota-based drugstore company. ....
27 Mar, 2001
Snyder's, Drug Emporium Discuss Deal. The Drug
Emporium Inc. retail chain said Friday it will file for protection
from its creditors under Chapter 11 of the federal bankruptcy laws,
and will propose as part of its reorganization plan that it be sold
to a Minnesota-based drugstore company. .... 24 Mar, 2001
French Farmer's Sentence Upheld. A French appeals
court on Thursday upheld a radical farmer's three-month prison sentence
for ransacking a McDonald's to protest unchecked globalization. ....
22 Mar, 2001
McDonald's plans coffee bars in U.S. - BusinessWeek.
Fast-food giant McDonald's Corp. has decided to ride the coffee
wave that's spreading across the United States by bringing its McCafe
coffee bars to home soil, financial magazine BusinesWeek reported.
.... 22 Mar, 2001
McDonald's Unveils Mighty Kids Meal. Just a
tad too old for Happy Meals? McDonald's is introducing a version for
slightly older customers - Mighty Kids Meals. .... 22 Mar, 2001
Meet the London sandwich king who has part sold to McDonalds.
Julian Metcalfe is becoming annoyed. We are in a smart restaurant
in Soho having ordered lunch 40 minutes ago. The waiter has been hovering
with offers of more bread, more mineral water, another glass of chardonnay.
But there is still no sign of our food. .... [more]
23 Mar, 2001
Food fears bite McDonald's. European concern
over livestock diseases is hurting restaurant leviathan's shares.
.... 20 Mar, 2001
Starbucks Announces Fourth Stock Split. Starbucks
Corp. on Tuesday held its annual shareholder meeting celebrating the
runaway success of its espresso empire, but activists picketed its
use of genetically engineered ingredients. .... 20 Mar, 2001
U.S. Residents Could Receive Free Tacos. The
chances are very slim, but there is a possibility. .... 20 Mar, 2001
US court denies Pizza Hut appeal on ads. The
U.S. Supreme Court rejected on Monday an appeal by Pizza Hut Inc.,
the nation's largest pizza chain, in its false advertising claim against
rival Papa John's International Inc. for the slogan, "Better
Ingredients. Better Pizza." .... 19 Mar, 2001
7-Eleven Warns of Weak Results. Convenience
store chain 7-Eleven Inc. on Monday warned of weak first-quarter results
due to a difficult gasoline market, a continued slowdown in consumer
spending and increased utility costs. .... 19 Mar, 2001
Blockbuster Suit Not Class-Action. In a blow
to nearly 200 owners of independent video stores, a federal judge
has rejected class-action status for their lawsuit against Blockbuster
Inc. over revenue-sharing deals with movie studios. .... 19 Mar, 2001
Wendy's Predicts Earnings Shortfall. Wendy's
International Inc. said lower sales during the winter months and higher
utility and beef costs will cause its first-quarter earnings to fall
below expectations. .... 19 Mar, 2001
Krispy Kreme To Build New Plant. Krispy Kreme
Doughnuts Inc. said Monday it plans to build an Illinois manufacturing
and distribution plant to supply its stores in the Midwest and West.
.... 19 Mar, 2001
Diner puts combo meals on table. In a quest
to help the double its U.S. business by 2010, McDonald's will test
a new restaurant concept in central Indiana .... 16 Mar, 2001
Rallye restructures Athlete's Foot. French financial
holding company Rallye has announced a restructuring plan for its
subsidiary, US sportswear chain Athlete's Foot, which registered an
operating loss of $22.7m last year, for turnover of $247.9m. ....
16 Mar, 2001
McDonald's to test diner style outlet. McDonald's
Corp., the world's No. 1 fast-food company, will begin experimenting
with a diner style outlet on Monday when it opens a restaurant in
Kokomo, Indiana, the Wall Street Journal reported in its online edition
on Friday. .... 16 Mar, 2001
H&R Block reaffirms earnings, revenue guidance for 2001.
H&R Block Inc. on Thursday said it expects to meet its previously
announced revenue and earnings goals for the full year, noting that
revenues from tax preparation and related services increased 11.6
percent in January and February from the previous year. .... 15 Mar, 2001
Area Pizza Lovers Pick Their Prize Pies. Alert
the media. The votes are in for Southern Maryland's best pizza. ....
15 Mar, 2001
CKE to Sell Taco Bueno Unit for $72.5 Million. CKE
Restaurants Inc., in an ongoing attempt to reduce debt, said it will
sell its Taco Bueno unit for $72.5 million to Jacobson Partners, a
closely held New York investment firm. .... 15 Mar, 2001
McDonald's Says Fears Hurt Earnings. Europeans'
leeriness of beef during a mad-cow disease scare is hurting McDonald's
sales more than expected, the fast-food chain said Wednesday as it
warned profits are still falling. .... 14 Mar, 2001
More Laid-Off Execs Turn To Franchising. Jeff
Meylon and Carolyn Webber each spent 25 years climbing the corporate
ladder. When the executives were laid off after a series of mergers
and acquisitions at their respective companies, they opted not to
re-enter the corporate world. .... 14 Mar, 2001
Analysts: McDonald's May Lower Earnings. Fast-food
giant McDonald's Corp. is likely to lower its first-quarter earnings
outlook Wednesday, restaurant analysts said, as the company continues
to struggle with mad cow disease in Europe and heightened competition
in its primary U.S. market. .... 13 Mar, 2001
McDonald's moves to enforce mad cow standards. McDonald's
Corp., which has been struggling with fears of mad cow disease in
Europe, said it will enforce compliance standards for its U.S. beef
suppliers to ensure that the brain-wasting disease stays out of its
U.S. hamburger supply. .... 13 Mar, 2001
McDonald's USA names franchise owner as senior VP. McDonald's
Corp., the world's largest restaurant chain, said on Tuesday it named
franchise owner Paul Saber as a senior vice president of McDonald's
USA in an effort to improve customer satisfaction. .... 13 Mar, 2001
Taco Bell Workers Win Lawsuit. Thousands of
former Taco Bell workers in Oregon have won a class-action lawsuit
alleging time cards were doctored so managers could meet productivity
deadlines and get bonuses. .... 12 Mar, 2001
In Fast Food, Some See Fast Track. Jobs: A chance
for stability, career growth and higher salaries is luring many Latinos
to the industry. .... 12 Mar, 2001
Franchise Aims For Top Of Heap. Want to clean
out a relative's mobile home, your teenager's room before he comes
home from school? Maybe you've got an old coffin that you couldn't
give away at a garage sale. It might be time to call 1-800-Got-Junk?.
.... 9 Mar, 2001
Beefburger passes its best-by date in Europe. The
beefburger is falling victim to Europe's mad cow crisis as the fast-food
business rewrites menus to reflect a shift in consumer tastes. ....
9 Mar, 2001
Wendy's Feb. same-store sales up 0.9 pct in U.S. Wendy's
International Inc., the third-largest U.S. hamburger chain, said Friday
that sales rose 0.9 percent at company-owned U.S. Wendy's restaurants
open for least a year, in the face of severe weather and competitors'
discounts. .... 9 Mar, 2001
Wendy's Employee Shoots Co-Workers. Greensboro
Police say an employee at a local Wendy's shot two co-workers late
Wednesday afternoon. .... 7 Mar, 2001
Krispy Kreme Shares Rise 5 Percent. Fourth-quarter
net income at Krispy Kreme Doughnuts Inc. more than tripled, sending
shares up nearly 5 percent. .... 7 Mar, 2001
Wendy's in baking venture with Ireland's IAWS. Wendy's
International Inc. said Tuesday that its joint baking venture with
food group IAWS Group Plc , which joins companies based in Dublin,
Ohio and Dublin, Ireland, will add to its earnings by 2003. .... 7 Mar, 2001
Krispy Kreme stock to move to New York Stock Exchange.
Doughnut chain Krispy Kreme Doughnuts Inc. on Wednesday said
that its common stock will begin trading on the New York Stock Exchange
under the ticker symbol "KK'' beginning May 17. .... 7 Mar, 2001
Fast expansion by Burger King. Burger King,
the fast food chain owned by Diageo, is set to open 200 to 300 new
restaurants across Europe, the Middle East and Africa in 2001. ....
7 Mar, 2001
McDonalds Mexico loses dispute over burger slogan.
The Mexican affiliate of McDonalds Corp. has lost a court challenge
of its use of an advertising slogan claimed by another business, a
company spokeswoman said on Monday. .... 6 Mar, 2001
McDonald's Recalls Bug Toy. McDonald's Corp.
on Monday voluntarily recalled about 234,000 "Scooter Bug'' toys
after learning three children had choked or gagged on the toy's antennae,
which are prone to breaking off. .... 5 Mar, 2001
UPS To Buy Mail Boxes Etc. United Parcel Service
announced Friday it will purchase Sorrento Mesa-based Mail Boxes Etc.
for an undisclosed amount. .... 5 Mar, 2001
Tricon Feb. Same-Store Sales Up 1 Percent. Tricon
Global Restaurants Inc., the No. 2 U.S. restaurant company, said sales
rose 1 percent in February at company-owned restaurants open at least
a year, with its troubled Taco Bell chain weighing on results. ....
1 Mar, 2001
Former Execs Indicted on Fraud Counts. Two former
executives falsely inflated the value of a Connecticut company involved
in the merger that created Cendant Corp., leading to a massive stock
fraud scandal, federal authorities charged Wednesday. .... 1 Mar, 2001
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