The franchise sector added nearly 140,000 jobs in 2018 for a growth rate of 1.82 percent, according to a new study by the ADP Research Institute. That was down from the year before, when 212,000 franchise jobs were added for a growth rate of 2.74 percent.
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With full ownership of the brand, Smashburger’s 351 stores join Philippines-based restaurant giant Jollibee, which itself has more than 4,300 units across a dozen brands in the Philippines, China, Vietnam and elsewhere in Asia. Smashburger accounts for 7 percent of Jollibee’s systemwide sales, which were $3.4 billion last year.
Would you like to know which franchises in some 180 industry sub-categories have the highest to lowest average unit volumes? You would? We thought so, and so for the first time we included that information in The Franchise Handbook, our brand new resou…
Both McDonald’s and Wendy’s announced big changes to supply chains to cut down on the use of antibiotics in beef.
When private equity acquisition news makes the headlines it’s often for a big-name restaurant buy. But as this recent move by Sentinel Capital Partners shows, retail franchises can prove just as attractive.
Noticing a recent trend of more Asian-inspired cuisine in the U.S., Angry Crab Shack founder Ron Lou seized the opportunity to bring traditional spicy seafood dishes to the states. Lou has 40-plus years of experience in the restaurant industry and his …
Mega-sandwich brand Subway is going its own way with new agreements with four of the largest delivery providers. These new partnerships could dramatically increase Subway’s overall share of delivery, and also shift the economics of delivery in smaller markets across the U.S.
Show your enthusiasm for the best franchises in the industry with the Franchise Times Zor Awards, recognizing the best companies in 10 hot industry segments.
Anti-poaching clauses topped the list (or at least kicked off the webinar) of the most interesting developments in franchise law in 2018, as presented by three Gray Plant Mooty attorneys this week.
Rising interest rates are on the minds of restaurant operators, but even though they’re about a full point higher than they were a year ago they’re still not the biggest cost concern, according to expert panelists at the Restaurant Finance & Development Conference last month.