Good News! - August 2016
The good news: Franchising is experiencing a remarkable growth phase - not only in unit count and system-wide revenue, but also in the number of new and emerging brands. The bad news: It's harder to keep up with all the good news! That's a nice problem to have - and why we've brought back our "Good News!" roundup of selected news items on unit growth, investment and financial developments, international expansion news, refranchising, and milestones attained by franchisors large, medium, and emerging. Here's your chance to follow the leaders, every third Tuesday of the month.
So if you’re not doing it already, send us your good news here.
New Units/Growth/Expansion
Jimmy’s Egg Announces AD Deals for 52 Units in 6 States
Toppers Pizza Signs 22-Unit Deal for Virginia and Maryland
Costa Vida Reports 14 Deals in First Half; Projects 20 Openings by Year-End
Fazoli’s Signs 9 Deals for 22 Units in July; Reports 13 Quarters of SSS Growth
Bojangles’ Signs Multi-Unit Agreement for Alabama & Mississippi
The Chickery Inks 15-Unit Deal for Northern California
Cicis Signs 32 Agreements for 70-Plus Restaurants by End of 2017
Dunkin’ Donuts: 3 Deals for 13 New Units + 4 Baskin-Robbins Co-Branded
First Watch Restaurants To Open 7 Units at DFW by Year-End
Dippin’ Dots Now Available at All Chuck E. Cheese’s Nationwide
Bach to Rock Announces 2 New Schools; 14 More in Next 2 Years
Bar Louie Signs Deals for 5 Locations in the Houston Area
Financial
McDonald’s Looks To Sell Malaysia & Singapore Rights for $400 Million
Meritage Hospitality Group Buys 10 Wendy’s in Oklahoma City Area
Sliderz Secures $21 Million in VC Funding for 80-Unit National Expansion
Big Plans, Big Dreams
Salata Plans 200 New Locations; Signs 50 New Units So Far in 2016
Moe’s Southwest Grill Seeks Multi-Unit Deals for Detroit
Juice It Up! Looks to Oregon for Expansion
Fajita Pete’s Expansion Plan Aims for 40 Units in Texas in 4 Years
Donatos Pizza Plans More Locations in Nashville
International
Dunkin’ Donuts: 3rd Attempt at China Targets 1,400 Stores in 20 Years
Red Roof Opens Its First Hotel in Japan
Coyote Ugly Signs Deal for 15 Units in Japan; Largest Deal To Date
Coyote Ugly Aims To Beautify Kyrgyzstan with Its First Unit Opening
New And Emerging Brands
Cookie Cutters Haircuts for Kids Opens 1st of 3 in Baltimore
Rush Bowls, Healthy Natural Food Concept, Begins Franchising
Ziggi’s Coffee, After 12 Years, Decides To Franchise
Bubbakoo’s Burritos 10th Restaurant Is Its 1st Franchised Unit
Milestones
Blaze Pizza Opens 150th Restaurant, a Flagship Unit at Disney World
Fuzzy’s Taco Shop Reaches 100 Units with OKC Opening
Kneaders Bakery and Café Opens 50th Unit with New Phoenix Café
People & Awards
Friendly’s CEO John Maguire Also Becomes CEO of Johnny Rockets
Tijuana Flats Names Larry Ryback CEO
Red Robin: Denny Marie Post Replaces Steve Carley as CEO
Noodles & Company CEO Kevin Reddy Steps Down; CFO Named as Interim
Outback President Jeff Smith Retires; Bloomin’ Brands Shifts Brand Presidents
Century 21 Real Estate Wins 4 J.D. Power Customer Satisfaction Awards
Rave Restaurant Group Names Clinton Coleman Interim CEO; Randy Gier Out
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