Press Box: New CEO, Veterans and the Fast-Food Bandit
In a move that pleased franchisees but disappointed some investors, Wendy's appointed their interim Chief Ms. Kerii Anderson as its permanent CEO. According to the WSJ ($$), "Wendy's directors made their move this week partly because franchisees sent the board a letter lobbying for her selection." [see AP for more detail]
LITTLE CAESER'S HELPS VETERANS
To show appreciation to those who served in the military, Little Caesar Enterprises Inc. launched a program on Veterans Day that will provide honorably discharged and injured veterans with thousands of dollars of assistance to open a Little Caesars franchise. [Detroit News]
FAST-FOOD BANDIT & OTHER CRIMES
Kentucky authorities have organized a task force to catch a thief who has robbed 28 fast food restaurants in Kentucky, Ohio, and Indiana in the last two years. The thief, dubbed the 'fast-food bandit', robs Burger King and Arby's wearing a scarf or a ski mask and orders employees into a walk-in freezer. [AP]
In another fast-food crime, three suspects were arrested in connection with an armed robbery that occurred at a Wendy's fast-food restaurant in Rialto, California. Although shots were fired at police who were chasing the suspects on foot, no one was injured. [Daily Bulletin]
COSI TO OPEN 50 NEW FRANCHISES
Cosi's, who has only 9 franchises, plans to expand to 50 new franchise locations next year, as well as updated menus, and change store designs to boost corporate profits from a loss of almost $2 million in its 3rd quarter. Franchising will be a big part of the company's new push. [GlobeSt.com]
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