franchising

Financing

Subway tries a new franchising strategy: bigger operators

The Bottom Line: The sandwich giant grew into the most prolific franchise in the world with small-scale operators. Now it wants franchisees with more locations.

Financing

Shift to franchising signals fresh outlook for California Pizza Kitchen

The strategy represents a new era for the chain as it emerges from bankruptcy and a decade of shrinking sales and unit counts.

As the franchise invests in recruiting more diverse operators, the National Black McDonald’s Operators Association says Black owners earn lower profits than other franchisees in the system.

The family-dining chain is looking for new franchisees to open new restaurants that are built for more takeout.

The burger giant has agreed to pay $33.5 million to buy 13 restaurants from Herb Washington, who had accused the company of giving favorable treatment to White operators.

But the sandwich giant sees big potential in sprucing up more of its restaurants as part of its revitalization strategy.

The chicken chain announced a deal with the French restaurant group Napaqaro to open hundreds of restaurants in the country.

The burger giant has paid $6.5 million to buy out the four restaurants owned by James and Darrell Byrd, who had accused the company of favoring White operators.

The 200-unit chain plans to get back to growth with the new strategy.

The company is undertaking the first global effort to recruit new operators into the system as it looks to increase demographic representation among owner-operators.

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