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 UNITED STATES FRANCHISE NEWS ARCHIVE
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: : Feb 2001
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McDonald's: Mad Cow Concerns Continue. McDonald's
Corp. on Wednesday said mad cow concerns continue to impact first-quarter
sales in some European countries, but the company has seen a rebound
in France, the first market hurt by the beef scare on the Continent.
.... 28 Feb, 2001
Avis shareholders approve acquisition by Cendant. Avis
Group Holdings Inc., which operates Avis Rent A Car, said on Wednesday
that its shareholders approved the acquisition by franchiser Cendant
Corp. at a price of $33 per share. .... 28 Feb, 2001
Burger King says has foot and mouth beef purchase plan.
Burger King Corp., the second largest hamburger restaurant
chain in the U.S. and a unit of London-based Diageo Plc, said it has
a plan to purchase more beef from southern Ireland if a worldwide
ban on British livestock caused by an outbreak of foot-and-mouth disease
goes beyond a week. .... 28 Feb, 2001
Judge Penalizes H&R Block Over Ads. A federal
judge barred H&R Block, the nation's largest income tax preparer,
from using misleading phrases to advertise its "Rapid Refund"
loan program and ordered it to pay more than $500,000 to an upstart
rival. .... 28 Feb, 2001
McDonald's Japan unit to go public in July. U.S.
fast food giant McDonald's Corp said on Wednesday its Japanese unit
would become its first global subsidiary to go public, listing on
either Nasdaq Japan or the country's over-the-counter market. ....
28 Feb, 2001
Ex-Cendant Execs Sued, Indicted for Fraud. Former
Cendant Corp. Chairman Walter Forbes and Vice Chairman Kirk Shelton
were indicted by federal prosecutors and sued by the Securities and
Exchange Commission on Wednesday, accused of directing a "massive"
accounting fraud that ultimately cost the giant franchiser and investors
billions of dollars. .... 28 Feb, 2001
Uno Restaurant accepts buyout offer, to take company
private. Uno Restaurant Corp., which owns and franchises pizza
restaurants under the Pizzeria Uno name, said on Wednesday it had
agreed to take the company private in a deal worth about $41 million,
accepting a buyout offer by a management group led by Uno's chairman.
.... 28 Feb, 2001
Franchise Graduates Face a Tough Start. Imagine
a class reunion where almost everyone stands against the walls and
looks down at their shoes. That's the picture I drew in my mind recently
while calling up my 1998 classmates from Baskin-Robbins's franchise
school. .... 27 Feb, 2001
Subway Sues Cafe Over Healthy Food. Subway is
serious about its lowfat, low-calorie sandwiches. So serious that
it's suing the landlord of one of its stores for letting a vegan cafe
open three doors away in a strip mall. .... 27 Feb, 2001
RadioShack, Blockbuster in Alliance. Shoppers
looking for both the latest video release and a cellular phone will
soon have just the place to go: Blockbuster Inc. plans to open RadioShack
counters inside its own stores. .... 27 Feb, 2001
Blockbuster Teams Up with Universal. Video rental
chain Blockbuster Inc. said on Tuesday it inked a deal to offer Universal
Pictures films via its video on-demand service and separately said
electronics retailer RadioShack Corp. will have a presence at its
stores. .... 27 Feb, 2001
Let them eat fried chicken. U.S. investors starved
for new stock offerings will have to to munch on fried chicken and
little else this week. .... 24 Feb, 2001
Protesters hurl stink bombs at Paris McDonald's. Activists
said they hurled stink bombs at some 20 McDonald's restaurants in
Paris on Saturday then took part in a demonstration against what they
called the "nauseous practices" of fast-food giants. ....
24 Feb, 2001
Wilting Whoppers. Burger King has been serving
up too many cold Whoppers, according to Diageo's chief executive Paul
Walsh, who yesterday admitted he was "disappointed" with the fast-food
chain's performance. .... [more]
23 Feb, 2001
McDonald's Names Ryan to Top Post. Fast-food
giant McDonald's Corp. said on Friday it named head of menu management
Tom Ryan to its top U.S. marketing post, replacing Larry Zwain, in
a move that some industry watchers see as one of several needed to
spark U.S. sales growth. .... 23 Feb, 2001
Burger King Profits Down 7 Percent. Diageo PLC,
the food and drinks conglomerate, said Thursday its Burger King business'
operating profits were down 7 percent to $143.5 million in the six
months ending in December .... 22 Feb, 2001
RadioShack profits rise but miss forecast. Consumer
electronics retailer RadioShack Corp. on Thursday said its fourth-quarter
profits fell short of analysts expectations, but gave a somewhat more
optimistic view for the coming fiscal year. .... 22 Feb, 2001
New Burger King chief named, float delayed. Burger
King, the world's second-largest burger chain, ordered up a new chief
executive Tuesday, but said hold the IPO, at least for now. .... 20 Feb, 2001
Protestors Back French Farmer. A lively crowd
of 7,000 people - including jugglers, singers and performers on stilts
- paraded through Montpellier's winding streets Friday to show support
for Jose Bove, the militant farmer who became a French folk hero after
he ransacked a McDonald's. .... 16 Feb, 2001
Starwood Hotels works wireless deal with Classwave.
Starwood Hotels & Resorts linked a deal with a small privately
held Canadian firm on Thursday that will enable the hotel chain to
tap into the wireless wallets of its high-end clientele using Bluetooth,
the new standard for close-quartered wireless communication. ....
15 Feb, 2001
Applebee's meets Q4 estimates. Restaurant chain
Applebee's International Inc. said on Wednesday its fourth-quarter
earnings matched Wall Street expectations, adding it sees at least
15 percent earnings growth in 2001. .... 14 Feb, 2001
Tricon Posts Expected 4Q Drop. Tricon Global
Restaurants, Inc., parent of KFC, Pizza Hut and Taco Bell, saw a 12
percent drop in profits, but still beat expecations, as it continues
to sell off company-owned franchises. .... 14 Feb, 2001
Krispy Kreme Announces Stock Split. Krispy Kreme
Doughnuts Inc. declared a 2-for-1 stock split Tuesday after a year
of sweet results since going public less than a year ago. .... 14 Feb, 2001
McDonald's Sees 2001 Earnings Up. Fast-food
giant McDonald's Corp. on Tuesday said it expects 2001 earnings per
share to rise 10-13 percent before adjusting for foreign currency.
.... 13 Feb, 2001
Will Mad Cow Trample Mickey D's? Here's something
you probably didn't know: Yes, McDonald's still gets most of its sales
revenue from the U.S., but Europe and Asia account for the overwhelming
majority of the company's growth. .... 12 Feb, 2001
Wendy's sees mergers, acquisitions as part of plan.
Wendy's International Inc., the third-largest U.S. hamburger
chain, said on Monday that mergers and acquisitions are part of its
strategic plan, a shift in its strategy. .... 12 Feb, 2001
To Ease the Pain of Franchising. When he decided
to open a Fantastic Sams hair salon in Newark, Del., last March, Brian
Haegele was nervous about the independence he would lose as a result
of running a franchise. .... [more]
12 Feb, 2001
Looking for Howard Johnson. Fried clam strips,
slow-cooked baked beans, frankfurters in scalloped paper trays. All
of these used to be dished up at Howard Johnson, one roadside chain
restaurant that, when my family was hungry and in the car, seemed
about as good as any local place we might find. .... [more]
11 Feb, 2001
Wendy's Reports Earnings Decline. Wendy's International
Inc. on Friday reported a 15 percent decline in fourth-quarter profits
because of a one-time charge for closing the company's unprofitable
Argentina restaurants. .... 9 Feb, 2001
Cendant nets $1.27 bln from offerings, ups EPS view.
Franchising giant Cendant Corp., whose brands include Century
21 realtors and the Days Inn hotel chain, said on Thursday it raised
a net $1.27 billion from offerings of stock and convertible bonds.
.... 8 Feb, 2001
Cendant Q4 adjusted earnings fall, sees stronger 2001.
Franchising giant Cendant Corp., whose brands include Century
21 realtors and the Days Inn hotel chain, said on Wednesday that its
fourth-quarter adjusted earnings fell, but it expects to beat expectations
for the first quarter and 2001. .... 8 Feb, 2001
Applebee's to Buy $55 Million in Shares. Restaurant
chain Applebee's International Inc. on Tuesday said it would buy back
up to $55 million of its shares in 2001. .... 7 Feb, 2001
RadioShack January store sales rise 9 percent. RadioShack
Corp. on Tuesday reported that sales at company-owned stores increased
9 percent for the month of January. .... 6 Feb, 2001
Firms say delivery policies don't aim to exclude areas,
but customers feel left out. Jacqueline Lipanem, a Northeastern
student living in the Mission Hill section of Roxbury, complains that
several restaurants refuse to deliver to her home. .... 4 Feb, 2001
Arab Boycott Taking a Bite Out of U.S. Firms. Caroline
Shaheed's religious leaders told her that eating at McDonald's was
against God's law in these days of Israeli-Palestinian fighting, and
she obeyed them as long as she could. .... 4 Feb, 2001
7-Eleven fourth quarter net rises. U.S. convenience
store chain 7-Eleven Inc. said on Thursday that its fourth-quarter
profit rose 35 percent, beating analysts' lowered expectations, but
warned of weakness in the first half of next year. .... 1 Feb, 2001
Starbucks Sales Up, Earns on Track. Starbucks
Corp. on Thursday said January same-store sales rose 6 percent over
last year, adding to a strong start for its fiscal year 2001 and putting
it on target to achieve earnings goals. .... 1 Feb, 2001
Blockbuster says video distribution suit "meritless."
Leading video rental chain Blockbuster Inc. said on Thursday
a lawsuit charging that it was trying to drive independent video stores
out of business was without merit and a re-run of similar so far unsuccessful
legal efforts. .... 1 Feb, 2001
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