CANTON, Mass. – Dunkin' Brands Group Inc. (Nasdaq:DNKN) announced Wednesday that it has extended the contract of chairman and CEO Nigel Travis through December 2018. His current contract was set to run out in December 2016.
Pres. Obama reacts to passing of Healthcare bill, 2010. Photo/White House via Wikipedia
WASHINGTON – Customers are finding additional charges on their restaurant bills, and the reason for the added tab may be Obamacare’s Affordable Care Act mandate. But companies that are charging fees to patrons for healthcare penalties that will kick in next year should be cautious. They may be committing surcharge fraud.
ALBUQUERQUE – A district court last November denied Denny's, Inc. motion for summary judgment, asserting that it could not be held vicariously liable in the wrongful death of a franchisee's employee killed during an armed robbery.
ATLANTA – America's Best Franchising has named Sterling F. Stoudenmire, IV as the company's new president and CEO, effective immediately. The company said he succeeds Doug Collins, "who has chosen to pursue new opportunities."
DAYTON, Ohio – A district judge ruled that the evidence of fraud and deception perpetrated by Instant Tax Services CEO Fesum Ogbazion was so overwhelming that he and his company were permanently barred from the tax-return preparation business. He said his order "is necessary to protect the public and the Treasury."
NEW YORK – Adverse weather conditions throughout the fiscal month made February a challenging environment for retail sales, but chain store sales peeped out from negative territory into positive the final week of the month as increased retailer promotions enticed some consumers to shop and spend.
A decision was recently made in the 2176693 Ontario Ltd. v Cora Franchise Group case that reinforces that franchisee rights under Ontario’s Arthur Wishart Act (Franchise Disclosure), 2000 (the AWA) cannot be readily released or waived by franchisees.
In a federal penitentiary you get up early, eat a minimal amount of food, work hard all day at menial tasks, get paid very little and can never leave the property. Sound a lot like your hotel these days? If so, it is time to restructure your debt.
Josh Freedman of Washington Monthly says, "Franchisees have little control over how much they can afford to pay their workers. While being a franchisor is often highly lucrative, being a franchisee often means living on very small, or no, margins."
In the national debate surrounding the minimum wage, advocates on both sides of the issue use small franchised businesses like sandwich shops as example of small businesses that will be affected by an increased minimum wage. Opponents argue that these businesses are operating on thin margins and claim any increase in the minimum wage would be disastrous.
(By Courtney O'Hara, at Maine Franchise Owners) — In 1994, Legislative document 1916, or as some people remember it, The Franchise Practices Act, was shot down by Governor John R. McKernan, Jr. even after it passed both the Maine House of Representatives and the Maine Senate.
Restaurant customer migration continues to eat away at top line growth and bottom line profits for chain restaurants. Since 2009 the economic turmoil, malaise, or quagmire has been to blame if one were to listen to earnings conference calls conducted by many major chains.
How can I ignore this USA Today article, Eat McDonald’s for Three Months and Lose 37 Pounds? It contains a few of the threads that tie together all the stuff that people are saying about diet and fast food.
Days after investigations in the U.K. and Switzerland into agreements between hotel chains and online travel companies (OTCs) that set minimum prices for hotel rooms became public knowledge, class action lawsuits were filed in the U.S. alleging federal and state law violations.
PKF Hospitality Research president Mark Woodworth and Prof. Jack Corgel, the Robert C. Baker chair (Professorship) in real estate at the Cornell University School of Hotel Administration, provide their preliminary predictions as of February 2014 on recent news of fourth quarter GDP growth for the United States.
“McDonald’s management, once they get to a certain level—I think it’s when they get a limo—they no longer want to be hamburger guys. They want to be restaurateurs.”
Said franchisee consultant Richard Adams, a former McDonald's franchisee himself, on how corporate executives have overly complicated McDonald's restaurant operations with too many espressos and upscale menu items. | Wall Street Journal July 3, 2013
"There are no incentives around reimaging except being able to continue to be a franchisee at Domino's. So, that's going to be a new standard that they have to hit, is that they've got to reimage."
Says Domino's Pizza CEO Patrick Doyle to a room of analysts at the company's Investor's Day presentation in Orlando, Florida. No matter what was signed in a franchise contract, this will be a new standard in which Domino's franchisees either remodel to the new $55,000 reimage within the next four years or they are out. Analysts estimate average cash flow per Domino's restaurant was $80,000 in 2013. | Jan 15.
"Michael Barbera killed himself with a high-powered rifle, shot under his chin. No one should ever have to suffer the way Mike did, and no one should ever have to be under such anguish and desperation to choose suicide as the only way out."
Says co-worker, describing the suicide of a troubled PMD Furniture Direct franchisee Mike Barbera on January 11, 2010. | BMM Jan 11, 2014