Meet Chefs For Seniors, a four-year-old company out of Madison, Wisconsin, whose professional chefs prepare weekly meals in the home for an elderly clientele. The service, which has corporate locations in its home state plus Illinois and Florida, just …
Business and Finance
As the good times keep rolling in the hotel world, major hospitality brands are continuing to expand their portfolios as healthy business and personal travel continue to fuel record revenue gains and occupancy rates. The latest is Wyndham Hotel Group’s acquisition of Minnesota-based AmericInn hotel and its management company, Three Rivers Hospitality, for $170 million.
The move by the Los Angeles-based group also puts two Brentwood partners, Bill Barnum and Rahul Aggarwal, on Blaze Pizza’s board of directors, along with industry veteran Greg Dollarhyde.
It’s time once again for one of the very best things in all of franchising: IFA’s fantastic NextGen in Franchising Global Competition is now accepting applicants for the next crop of industry leaders who need a boost in bringing their great idea to market via franchising.
After launching one of its sandwiches into space and publishing its first corporate romance novel (seriously), KFC has launched an online merchandise shop it’s calling KFC Ltd. With Colonel Sanders pillows, a chicken sandwich made with real meteorite and drumstick socks—among many others—this is the real deal.
NRD Capital Management completed fundraising for NRDP II, the second fund under storied multi-unit franchisee Aziz Hashim.
Franchisee Destination Eats, part of Bangkok-based Destination Resorts, is the local partner behind this market expansion and in 2015 signed a 35-location development agreement with Hooters. Led by CEO Gary Murray, Destination Eats also recently opened…
The bravest man in franchising may be Rob Price, who accepted the CEO job at School of Rock after Dzana Homan got the boot on June 30. I’ll tell the whole story about franchisee complaints alleging intimidation and more at the music school chain in the next print edition, but Price says he is not fazed by the controversy.
It took a whole lot of explaining, but Back Yard Burgers has attracted a new majority investor, Axum Capital Partners, the Charlotte, North Carolina-based private equity firm.
“It was hard,” to find an investor to buy out Pharos Capital Group, says CEO Dave McDougall, who had to explain over and over why the brand has 23 company-owned stores and 32 franchised units today, down from a peak of 180 stores in 2007.
Marilyn Monroe Spas inked its first international deal to bring the salon and spa concept to India. We’ll have more on this deal in the August issue of Franchise Times, but first, some interview outtakes.