Baked goods chain Cinnabon is building its brand on a three-pronged approach that includes opening more franchised units, partnering with other chains including Burger King and Taco Bell to offer Cinnabon-branded products, and developing packaged goods, president Kat Cole said. “We’re building the world’s greatest brand,” she said.
Franchise consulting firm iFranchise Group, in a recently released whitepaper, predicts that current and ongoing changes in the healthcare industry will lead to a boom in franchising in this dynamic market sector. iFranchise Group expects the number of franchises in the healthcare segment to double over the next five years. “We are expecting to see [...]
Pizza and pasta chain Sbarro will venture out of the food court with two standalone fast-casual units planned to open later this year in Columbus, Ohio, CEO David Karam said.
Subway founder Fred DeLuca opened his first sandwich shop at the age of 17, using $1,000 he’d borrowed from a family friend — and now he’s overtaken McDonald’s to turn Subway into the world’s biggest restaurant chain. The secret, he says, was an aggressive franchising policy that gave heavy discounts and incentives to restaurant operators [...]
Pearle Vision, North America’s largest optical brand, recently announced its 2013 expansion plans within the United States, which includes the re-licensing of 34 locations in 10 states. With more than 520 eye care centers in the United States, Pearle Vision is now seeking to grow its national footprint and has identified Florida, Ohio and Michigan [...]
Welcomemat Services is a marketing strategies and technology company providing monthly direct mail packages to individuals and families who have recently changed their address. “Our welcoming program is designed to target new residents when they move into an area by presenting them with invitations to try various businesses and organizations, helping them get acclimated to [...]
Kentucky Fried Chicken (KFC) Botswana says it is embarking on a five-year expansion plan that will see the company broaden its operations at both commercial and community level. KFC Principal Operator, Wynand Pretorius, recently told the media in Botswana that in addition to increasing the number of outlets, the fast food chain will also source [...]
Franchise Update Media Group (FUMG), the leading industry resource for franchise development, announced that Sean Falk, multi-brand franchise owner and former Marine, is the chairman of the 2013 Multi-Unit Franchising Conference, which will be held March 27-29 at Caesars Palace in Las Vegas. Falk began his career in franchising 14 years ago, after serving in [...]
PayPal is in the early stages of what may be a blockbuster mobile payments deal with McDonald’s Corp, the world’s biggest hamburger chain. McDonald’s is testing a mobile payments service featuring PayPal at 30 of its restaurants in France. Earlier this year, McDonald’s ran demonstrations of a broader PayPal mobile payments service at its franchisee [...]
Tom Perez spent a decade as a police officer in the Navy, serving in four tours in Iraq, working his way up to supervisor of the police unit, earning numerous medals and getting a business degree. But after he was honorably discharged from the military in late 2011, he applied for more than 100 police [...]
IFA advocates on issues critical to franchising will meet during its Public Affairs Conference Sept. 10 and 11 in Washington, D.C. IFA’s annual fly-in will enable franchisees, franchisors and suppliers to share their insights with federal lawmakers about issues affecting franchise businesses, including labor, health care and access to capital. This year’s event includes its [...]
Franchises owned by military veterans have annual revenues of $41 billion annually and employ 1.5 million people, reports the International Franchise Association. The franchise industry had developed several programs to recruit and train military veterans as franchisees. One in four returning active duty military veterans is interested in launching a small business, according to the [...]