Tag: franchise agents

  • 7-Eleven convenience store chain marks 50 years in Japan

    The 7-Eleven convenience store chain this week marked the 50th anniversary of its first outlet opening in Japan, where convenience stores have become essential infrastructure for everyday life. On May 15, 1974, the first Japanese outlet opened in Tokyo’s Toyosu area. The first product sold there was a pair of sunglasses. “In the beginning, I…

  • With a $2 Billion Injection, Burger King is Accelerating Franchisee Profitability

    Burger King is sprinting toward $300,000 in per-unit profitability for franchisees, and it’s thanks to more than $2 billion worth of investments to get back on track.  That breaks out to $400 million from the “Reclaim the Flame” turnaround plan announced in September 2022, the $1 billion acquisition of its largest franchisee Carrols Restaurant Group, a $500…

  • Yum Brands earnings miss estimates as Pizza Hut, KFC sales disappoint

    Yum Brands on Wednesday reported quarterly earnings and revenue that missed analysts’ expectations as Pizza Hut and KFC struggled to attract customers. Shares of the company fell nearly 4% in early trading. Here’s what the company reported compared with what Wall Street was expecting, based on a survey of analysts by LSEG: Yum reported first-quarter net income of…

  • Burger King invests another $300 million to remodel restaurants

    Burger King will invest another $300 million to remodel about 1,100 of its U.S. restaurants as part of a broader turnaround effort, the chain’s parent company said Tuesday. Owner Restaurant Brands International kicked off Burger King’s comeback strategy a year and half ago with $250 million to renovate restaurants and upgrade its technology and equipment, plus an additional $150…

  • Krispy Kreme to open stores in Germany 

    Krispy Kreme is set to extend its sweet reach to Germany through a recent agreement with ISH Kreme, marking its largest franchisee collaboration yet. With a nod to its roots in Charlotte, North Carolina, Krispy Kreme is a globally recognized purveyor of delicious treats, famed for its melt-in-your-mouth Original Glazed doughnuts. Operating in over 35 countries,…

  • KFC launches first-ever perfume “eau de BBQ” – inspired by a mouth-watering menu item

    Forget Chanel No.5 – KFC‘s now launched its very own ‘No.11’ perfume. A KFC-scented perfume probably wasn’t what you imagined 2024 would bring. But the fried chicken giant has now launched just this, in a shock move that will no doubt throw fast food lovers completely off guard. Dubbed the ‘No. 11 Eau de BBQ‘, KFC’s brand…

  • Seven & i Holdings Unveils Ambitious Global Expansion Plan for 7-Eleven

    Japanese retail giant Seven & i Holdings (3382.T) has announced an aggressive growth strategy for its 7-Eleven convenience store chain, aiming to accelerate its global presence and expand into new markets. Global Expansion Goals Restructuring Strategy The expansion plan is part of a larger restructuring effort, driven by pressure from activist investors, which includes: Mergers…

  • Will Retail Be Full of AI CEOs and AI CEO Avatars?

    JD.com, one of China’s largest retailers, recently showcased a virtual avatar of its founder, Richard Liu, during a livestream event. This virtual version of Liu made a brief appearance, lasting around 40 minutes, in an 11-hour promotional event for World Book Day. While the virtual Liu was only a small part of the event, his…

  • Cost to Open an Olive Garden Franchise

    Olive Garden is a casual Italian American restaurant that generated $3.59 billion in revenue last year. They’re a family friendly place that’s known for their breadsticks and unlimited salads at lunch. For 40 years, Olive Garden has become a name that’s not only known in the United States but also around the world since they’ve…

  • Hilton Hotels & Resorts Franchise Costs, Fees & FDD

    Year Business Began: 1962 Franchising Since: 1965 Headquarters: McLean, Virginia Estimated Number of Units: 605 (about 7,165 total across all Hilton Worldwide brands) Franchise Description: Hilton Franchise Holding LLC is the franchisor. The ultimate corporate parent is Hilton Worldwide Holdings, Inc. (formerly, Hilton Hotels Corporation). The company owns, manages or franchises a portfolio of brands,…