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franchising

Financing

A lot of McDonald’s franchisees left the system last year

 By Jonathan Maze on May 16, 2022

A record 1,700 restaurants changed hands last year and more than a quarter of franchisee units have either closed or been sold since 2019.

Financing

'Mass exodus': McDonald's franchisees are leaving the system

 By Jonathan Maze on May 13, 2022

A record 1,700 stores changed hands last year. High valuations and a difficult operating environment are leading many franchisees to sell their restaurants. But some say culture problems, low morale and constant disputes are playing a major role.

Financing

Carl’s Jr. and Hardee’s start a remodeling push

By Jonathan Maze on May 10, 2022

The company and its franchisees are planning to spend $500 million to reimage the brands’ restaurants in a “long overdue” program.

Financing

Carrols pays a big price for Burger King’s challenges

By Jonathan Maze on May 09, 2022

The Bottom Line: The different stock price performances between Burger King’s parent company and its largest franchisee provide some lessons for large-scale franchisees.

Financing

The story behind Crumbl Cookies’ sweet success

By Jonathan Maze on May 04, 2022

A Deeper Dive: Jason McGowan, the founder of the fast-growing cookie chain, joins the podcast to talk about the company’s history and how it has so quickly become a massive hit.

Operations

Shake Shack plans 15 restaurants in Thailand

By Heather Lalley on May 02, 2022

The deal is part of an expanded partnership with Maxim’s Caterers, a licensee who already operates 24 of the burger-and-shake locations in greater China.

Financing

The second frozen yogurt craze continues its long decline

By Jonathan Maze on Apr. 28, 2022

The Bottom Line: Pinkberry and other chains, which were all the rage a decade ago, continue to close locations as operators move on—just like the first frozen yogurt boom.

Financing

More franchises should operate their own restaurants

By Jonathan Maze on Apr. 27, 2022

The Bottom Line: Companies quickly abandon operations in favor of selling them to franchisees. But keeping some locations can be better in the long run.

Financing

Big franchises grew their market share during the pandemic

By Jonathan Maze on Apr. 04, 2022

Large chains and their franchisees are enjoying strong valuations and record cash flows, according to a new report, and international growth is thriving. But growing in the U.S. could get difficult.

Workforce

Senate refuses to bring back the architect of joint-employer standard

By Peter Romeo on Mar. 31, 2022

The appointment of David Weil as the Biden administration's wage and hour chief was blocked by a bipartisan vote.

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