What the Cluck Is Going On in Filipino Franchising?
A self-proclaimed "guru" of franchising in the Philippines foresees the number of franchisors increasing by 45% in 2009, and notes that a new franchisor could sell "10 franchisees in the first year." The writer also names a chicken cart franchise where franchisees "have recovered their investments in less than 3 months."
It is rumored that a contrite Imelda Marcos is confiding to friends that she has lost interest in shoe retailer Jimmy Choo in favor of poultry tycoon Frank Perdue, may he rest in peace. She anticipates regaining her lost fortune within the year.
In related news, LAX and JFK had massive delays today as destitute pensioners cashed in their 401(k) and bought tickets to Manila; Ruth Madoff appeared in court and told the judge to keep his hands off her $62M since she had earned that money thru her investments in Filipino chicken franchises. Real estate insiders confirm that BeneTrends has outbid Guidant for prime Manila Class A space. Beset by financial woes, Francorp is operating out of lower cost Cebu City, and while Don Boroian concedes that the move will save money, he notes that "this seaside city makes Gary, Indiana look like the Magnificent Mile."
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