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Quiznos Restructures Again as Chain Implodes

Another just shuttered Quiznos franchise
Door of another shuttered Quiznos franchise. photo by bmm

DENVER – The troubled Quiznos sub sandwich chain is now living up to predictions made last August by Blue MauMau that majority shareholder Avenue Capital is enlisting the services of top firms to pave a legal way to financially restructure the franchisor as its sandwich chain implodes.

Shrinking Quiznos Seeks to Restructure Debt Again, Bankruptcy Ahead?

A shuttered Quiznos reopens under new owners
A Quiznos franchise opens under new owner. Photo/bmm 2008

NEW YORK CITY—Quiznos' former creditor now turned majority shareholder, Avenue Capital, has recruited the A-list law firm Akin Gump to pave a legal way for the imploding sandwich franchisor to unbury itself from a mountain of debt.

Quiznos CEO Touts Lofty Goals for Future

DSC00144DENVER – Newly appointed CEO Stuart K. Mathis has now presented seven strategic imperatives that he says Quiznos must meet to “make our mission, purpose and vision a reality.” 

HMS Quiznos

The Quiznos crew barks orders as the ship goes down
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Quiznos Franchisees Show CEO the Boot

Franchisees show Quiznos CEO the boot
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Quiznos New Strategy: Higher Prices

DSC00145

Quiznos chief executive Greg McDonald has come up with a new marketing maneuver to beat competitors. Get rid of the $3 Sammies and the $4 Torpedoes and replace them with upscale items for $7 or $8.

Quiznos Ass'n Reports Little Progress

Another Closed down Quiznos
Another closed down Quiznos sub shop

DENVER – After two days of meetings last week in Denver with new owner Avenue Capital Group, the Quiznos Franchisee Association issued its lackluster progress report.

Quiznos Introduces New Menu, Marketing

Crowded new menu board for Quiznos
Basil chicken flatbread is on the new BTE menu; photo/Quiznos

DENVER — Quiznos announced last week another new branding and menu initiative for the franchised shops that bear the Quiznos name. It's called "Better than Ever."

Quiznos Franchisee Ass’n Speaks about New Brand Initiatives

LEXINGTON, Ky. – Keith Rentschler, president of the independent Quiznos Franchisee Association speaks with Blue MauMau on how franchisees feel about the new initiatives of a brand trying to remake itself.

Growing an Independent Franchisee Association

A new independent franchisee federation gathers for their first meeting in 2008
A new independent franchisee federation gathers in Indianapolis, 2010

ITHACA, N.Y. – Cornell University's assistant professor of food and beverage management Benjamin Lawrence says from what he has seen, franchising myths have not yet given way to the day-to-day realities of franchise operations. In particular, independent franchisee associations are an important and contributing part of franchise networks.