Bloomin' Brands agreed to add an industry veteran to its board under an agreement with Jana Partners, one of two shareholders that have been sympathetic to spinning off secondary brands.
CHICAGO (January 26, 2012 - PRNewswire)—The lackluster economy may have dampened growth for the restaurant industry at large, but fast casual restaurants...
Franchisees are known to worry when their franchisor has multiple and potentially competitive brands in its fold. How do they know the secrets and strengths of their chain won’t be shared with a sister operation, undercutting the distinction of where they’ve plunked considerable money?
Top franchise companies are driving growth, finds researcher Technomic's Top 400 Franchise Report. The 200 largest franchisees grew sales 8.2 percent in 2014, 2.5 times the rate of the Top 500 chains. Unit growth among these companies, too, was three times higher than their franchisors.
McDonald's isn't the only chain relocating its home base. Several restaurant concepts announced in recent months that their HQs will soon have a new locale.