California franchise owners and consumers are feeling the brunt of higher costs. After 30 years in business, McDonald’s franchisee and Rodrick Foods CEO Scott Rodrick had to make the difficult decision to not renew his lease at one of his McDonald’s (MCD) locations at a mall in San Francisco. “The unprecedented changes to the economic […]
Tag: franchise
America’s largest iced tea franchise to open its first Kansas City area location Friday
HTeaO, a Texas-based iced tea chain with more than 100 locations nationwide, is two-stepping into Missouri. A Raymore location at 705 W. Foxwood Drive is set to open Friday, June 21. It will be the first HTeaO in the state and the first in the Kansas City area. “This opening represents a thrilling new chapter […]
What a franchise fee could mean for West Des Moines utility bills and the city’s budget
West Des Moines wants to keep more of the tax dollars generated in the city within its control and is working toward adding what’s known as a franchise fee to utility bills. “We’ve never had a (franchise) fee in West Des Moines, and we’re proposing 1% currently,” said Tim Stiles, West Des Moines’ finance director. […]
Eagles owner Jeffrey Lurie is exploring a sale of minority stake in the franchise
Jeffrey Lurie turned a $185 million loan from his parent into an NFL franchise now worth $5 billion and counting, and the Eagles owner could be looking for partners. Bloomberg reports that Philadelphia’s ownership group has been exploring a potential sale of a minority stake in the franchise. Jeff Lurie is exploring a sale of […]
A growing franchise is coming to this popular Columbia shopping center. What to know
A new business with a focus on fitness is headed to a popular shopping area in northeast Columbia. ISI Elite Training, which has franchise locations in numerous states, has signed a lease for a space in the Village at Sandhill Marketplace in northeast Columbia, according to a news release from commercial real estate firm Colliers […]
Wyndham Adds All-Inclusive Resorts in Franchise Brand Deal
Grand Decameron Complex Bucerías, A Trademark All Inclusive Wyndham Wyndham Hotels & Resorts expanded its all-inclusive resort portfolio Tuesday through a new alliance with Decameron All Inclusive Hotels & Resorts. This full franchise deal lets Wyndham add nine of Decameron’s all-inclusive resorts in Mexico, Panama, and Jamaica, involving 2,600 rooms. The companies didn’t disclose the […]
Biden vetoes bid to repeal US labor board rule on contract, franchise workers
By Daniel Wiessner (Reuters) – President Joe Biden followed through on Friday on his vow to veto a Republican-backed measure that would have repealed a U.S. labor board rule treating companies as the employers of many of their contract and franchise workers and requiring them to bargain with those workers’ unions. The proposal to repeal […]
Biden vetoes bid to repeal US labor board rule on contract, franchise workers
By Daniel Wiessner (Reuters) – President Joe Biden followed through on Friday on his vow to veto a Republican-backed measure that would have repealed a U.S. labor board rule treating companies as the employers of many of their contract and franchise workers and requiring them to bargain with those workers’ unions. The proposal to repeal […]
California McDonald’s Franchise Owner Says, ‘The Focus Is On Survival’ With ‘Unprecedented’ $20 Per Hour Minimum Wage Forcing Higher Prices
California McDonald’s Franchise Owner Says, ‘The Focus Is On Survival’ With ‘Unprecedented’ $20 Per Hour Minimum Wage Forcing Higher Prices In response to California’s new $20 minimum wage law, fast food franchises are being forced to rethink their business strategies to stay afloat. Scott Rodrick, who owns 18 McDonald’s franchises in the state, is considering […]
McDonald’s is reclaiming all its Israeli restaurants, exposing the cracks in its global franchise model
McDonald’s plans to buy back all 225 of its restaurants in Israel from its long-standing franchisee. Israeli stores stridently back the Israeli military, which sparked boycotts in other markets. It highlights a flaw in the global franchise model, where local strategies can become a liability. McDonald’s announced on Thursday that it would buy back all […]
McDonald’s buys hundreds of Israel franchise restaurants after Hamas war triggers boycotts
Pro-Palestinian activists wave flags and hold placards outside a McDonald’s in London in March – BENJAMIN CREMEL/AFP McDonald’s is to buy back 225 of its restaurants in Israel after the fast food chain blamed a boycott in the wake of the Israel-Hamas war for a slump in sales. The US company said it had struck […]
McDonald’s buys all of its Israeli franchise restaurants amid damage from Middle East turmoil
McDonald’s will buy every one of its 225 franchise restaurants in Israel, it announced Thursday, just weeks after saying that the Israel-Hamas war was hurting its business. The fast food giant said it had struck an agreement with Israeli franchise Alonyal to buy the firm’s McDonald’s (MCD) franchise restaurants in the country. Omri Padan, CEO […]