Back in the day, Steven Greenbaum, then age 21, operated his independent pack-and-ship business “out of a cigar box” and with “bathroom scales,” as he told Franchise Times in 2008. This week Greenbaum sold PostNet, the franchise system he co-founded in 1992 that today has 660 franchise locations in nine countries, to MBE Worldwide.
Like any investment, franchising is a gamble for those considering putting their money on the line. To that end, we encourage all players in the industry to disclose as much financial information as possible. A new report by FRANdata suggests franchiso…
Sometimes it’s a dirty job here at Franchise Times, like my current advance work to explore the latest restaurant trends while I’m in New York City next month for the annual International Franchise Expo at the Javits Center.
We all know the annoying buzz of a mosquito stuck in our bedroom. To most Americans, it’s a nuisance, but for families across Africa, it portends one of the deadliest diseases known to man: malaria.
The largest massage concept in the U.S. will be undergoing a major, company-wide facelift. Last week, Massage Envy announced plans to remodel more than 700 of its franchised locations, alongside a plan to increase its product offerings to become a tota…
A pair of friendly capital partners are taking the reins from another pair of close friends, preparing Mooyah Burgers, Fries & Shakes for its next phase.
There’s no question that Domino’s has stolen the bulk of the recent mojo in the ongoing pizza wars sweeping across the globe. The latest salvo promises to ratchet up the intensity, as Yum Brands announced a dramatic $130 million investment for its Pizza Hut brand.
After announcing a $223 million loss and missed first-quarter expectations, Hertz shares fell sharply this week, accelerating what’s been a startling decline of the car rental giant’s share price over the last eight months.
Franchise attorney Beata Krakus has a sure-fire way to make certain her clients stay awake when she conducts training on compliance with a myriad of franchise laws. “One of my first slides is a picture of a guy behind bars. That tends to get everyone’s attention real quick,” she said at a presentation yesterday. Krakus, with Greensfelder Hemker & Gale, spoke Monday at the International Franchise Association’s Legal Symposium in Washington, D.C.
New rules are just around the corner for what franchisors can and cannot say in their financial performance representations, also known as FPRs or Item 19, and two attorneys laid out some details yesterday at the IFA Legal Symposium in Washington, D.C.