Good News! - August 2018
As summer winds down, activity continues apace in franchising, both domestically and internationally. Consolidation continues, new brands are emerging, emerging brands are growing, and the regulations just keep on coming. So we've added a new section we're calling "Regulation, Legislation, Politics, Etc." It's not exactly "good news," but it's good to know about. It's hard keeping up with all the growth and changes, which is why we provide our "Good News!" monthly digest of selected news items on unit growth, investment and financial developments, international expansion, people, and milestones. 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
Primo Hoagies Goes To Georgia with 3-Unit Deal for Atlanta Area
Cousins Subs Inks 40-Unit Deal for Chicago Area with 3 Opening this Year
Twin Peaks Signs 7-Unit Deal in Ohio with JEB Food Group
Firehouse Subs Opens Its First Restaurant in Alaska, Its 45th State
Hampton by Hilton Opens Five New Hotels, One Including New Design Elements
Potbelly Sandwich Shop To Open 1st California Unit with 3 More Coming
ZIPS Dry Cleaners Inks 10-Store Deal for Metro Cincinnati
Dickey’s Barbecue Pit Signs 3-Unit Deal for West LA
Financial, M&A, Incentives
Applebee’s Turnaround Plan: Q2 U.S. Sales Up 5.7%, 30 Stores Closed
Trilantic North America Buys Majority Stake in 52-Unit Planet Fitness Franchisee
PuroClean Is Offering a Free Franchise to One U.S. Military Veteran
Krispy Kreme To Buy Majority Stake in Insomnia Cookies
Garbanzo Mediterranean Fresh Invests in 8-Unit La Boulangerie de San Francisco
Tilted Kilt To Be Acquired by ARC Group, Owner of Dick’s Wings & Grill
Regulation, Legislation, Politics, etc.
Opinion: Two Bills in Congress Seek To Ease Unionization Efforts
CA Supreme Court Rules Against Starbucks in “Off the Clock” Closing Duties Suit
Opinion: Congress Must Act Now To Nail Down Joint Employer Rules
U.S. Treasury Announces Proposed Tax Regs for Pass-Through Business Entities
Big Plans, Big Ideas, Big Picture
Jack in the Box To Spend Millions Upgrading Drive-Thrus at Company Stores
Buffalo Wild Wings May Introduce Sports Betting
After Rebrand, Just Salad Posts 3rd Quarter in a Row of Double-Digit Sales Growth
Subway Launches $80 Million Store Refresh Program “Fresh Now”
Tim Hortons’ New Initiatives To Boost Sales Include All-Day Breakfast
Bennigan’s Details Growth Plans for New Openings in U.S. and Abroad
Dunkin’ Donuts Plans $100 Million Spend To Boost Beverage-Led Strategy
Mountain Mike’s Pizza Plans 40 New Units in Southern California
Del Frisco’s Discusses Benefits of $325 Million Barteca Group Acquisition
Taco Bell President Liz Williams on the Brand’s Future After CEO’s Departure
TGI Fridays CEO Aslam Khan on Tech, Training, and Revamping the Brand
International
Pokéworks Partners with Japan’s $1.6 Billion Toridoll Holdings Corp.
Club Pilates Goes International with 3 Units Opening in Canada in October
Chick-fil-A’s Expansion to Canada Holds Lessons for Franchise Brands
Kinderdance Continues Its Growth in India with New Deal
UK’s Green Motion Expands Its Global Car Hiring Brand to Canada
Wingstop’s Growth Plans Include International Expansion
New and Emerging Brands
Canada’s Joey’s Franchise Group Debuts strEATS, a Taco and Poutine Concept
theCoderSchool To Open Second Location in Roslyn, NY
People, Awards, Milestones
Kona Grill Promotes Jim Kuhn to CEO; Berke Bakay Named Executive Chairman
Portillo’s Hot Dogs Names Former P.F. Chang CEO Michael Osanloo as New CEO
Sir Speedy Celebrates 50th Year in Business
First Watch Hires Former Popeyes CFO Mel Hope as New CFO
Domino’s Pizza Names Tom Curtis EVP of Team USA
16 Handles Celebrates 10th Anniversary
Back Yard Burgers Hires Scott Shotter, Moe’s Former Ops VP, as New CEO
Carstar Opens 600th North American Collision Repair Facility
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