franchising

Financing

The Royal Crispy Wraps have apparently been a boon for Burger King

The Bottom Line: The fast-food chain introduced the product in August and, according to its largest franchisee, the product has sold well. But it’s also simple to operate.

Financing

Subway and Starbucks oust their Brazilian operator

SouthRock Capital, a major food and beverage operator in the country, had its master franchise agreement with Subway terminated after less than a year and lost its license to operate Starbucks.

The 1,000-unit operator said sales and traffic were better than expected and margins increased by 530 basis points. And its stock took off.

The Bottom Line: The CEOs of the franchise giants decried the NLRB’s joint employer ruling but said that their brands have the strength to overcome them, anyway.

The rechristening is simultaneous with the purchase of 37 franchised Planet Fitness gyms.

They plan to grow the three-unit Soom Soom to 80 locations over the next four years.

The more-than 430-unit chain is pushing both refranchising and new unit franchise growth.

The Bottom Line: Chris Kempczinski, CEO of the burger giant, told analysts that the company’s restaurants will take a cash flow hit when wages are raised in the state, but he calls it an “opportunity.” But for whom?

Sens. Joe Manchin and Bill Cassidy say they'll seek a seldom-used law to block what they termed NLRB overreach.

The burger chain signed a licensing agreement with a movie theater chain that will allow film watchers to order burgers from their seats.

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