Tag: franchise consulting services
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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…
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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…
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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…
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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,…
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If you’re considering delving into the hospitality industry, franchising with a reputable brand like Marriott International could be a lucrative venture. However, before diving in, it’s essential to understand the costs, fees, and legal documents associated with such a partnership. In this guide, we’ll walk you through everything you need to know about Marriott International…
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Marriott International, Inc., announced its plans to expand its portfolio in Poland with the expected addition of more than 10 properties in the next few years, including the debut of two brands – Le Méridien and Element Hotels by Westin – in the market. The anticipated openings will further enhance the company’s footprint in the…
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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…
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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…
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The Benetton Group is an Italian Fashion retail chain that accommodates men, women and children. It’s unique for its collection of basic colourful clothes that are always in line with recent trends, but still maintain the Benetton style. The first store was opened in 1965 and in 1969 the first store outside of Italy was…
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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…