Franchise Times today announces winners of the 2017 Franchise Times Dealmakers awards, the fifth annual project recognizing the boldest players driving mergers and acquisitions in franchising.
Dallas-based Wingstop has opened location No. 1,000, a major milestone for a brand defined by its simplicity.
Arby’s CEO Paul Brown announced record systemwide sales of more than $3.6 billion, a 25% increase in AUVs and 3.8% same-store sales growth—more than double the growth rate of the QSR category. Those numbers represent 25 consecutive quarters of of same-store sales growth and 11 consecutive quarters of transaction growth for the Atlanta-based brand.
A long-standing relationship with Larry Wilson, founder of CoreLife Eatery, convinced Stevensville, Michigan-based operator Joyce Lunsford to sign on as the healthy restaurant brand’s first franchisee—that and a taste of beet lemonade, something Lunsford thought she’d hate.
If you think your holiday gatherings with family can be fraught, consider John and Janet Mok, Amazing Lash Studio franchisees in New Jersey who have convinced all four of John’s siblings to buy into the franchise, as well. “We’re either heroes or goats, right?” says John with a laugh.
Lois Margolet, founder of Las Vegas-based Capriotti’s Hand Crafted Sandwiches, passed away on Thursday following a battle with lung cancer. She was 68.
“Just like in football, coaches move, so you can’t pick a franchise just for the people, the leadership; you pick it for the model,” said Bradie James, speaking during Franchise Expo South in Dallas. James, a multi-unit franchisee of Mooyah Burgers, Fries and Shakes, is also the company’s director of brand engagement.
Yesterday Yum China announced the grand opening of a new Taco Bell in Shanghai, the chain’s first location in China after a decade-long absence. With a potential customer base of 1.3 billion, Yum Brands and Taco Bell seem excited about the likelihood of a big expansion in China.
Famous Toastery opted not to put too many guardrails on a holiday social media campaign, instead having a little fun with a hypnotizing pancake artist.
Antonio Swad, founder of Dallas-based Pizza Patron and Wingstop, is on to a new venture after selling this week Pizza Patron to the brand’s largest franchisee, Charles Loflin of San Antonio.