Franchise

Starbucks Middle East Franchise Pauses Stake Sale Negotiations Amidst Market Uncertainty

15 days ago

The ongoing discussions regarding the sale of a stake in the Middle East franchise of Starbucks have been momentarily suspended, as stated by the company’s executives. This decision comes in light of current market dynamics that have led to an unpredictable environment for potential investors.

The Power Play: NFL Ownership Dynamics Shift with Major Stakeholder Insights

18 days ago

In a striking development within the world of professional sports, the National Football League (NFL) is witnessing a significant transformation in its ownership landscape. The tension between team owners is intensifying, as they contend with a shared major stakeholder that could shift the balance of power in the league. This intricate financial web centers around the NFL’s recent negotiations and partnerships, echoing throughout the sports community.

Subway's Bold Move: Transitioning to PepsiCo Beverages Amid Franchisee Resistance

2 months ago

In a significant strategic shift, Subway has officially announced its decision to partner with PepsiCo as its exclusive beverage supplier, a move that is designed to modernize its offerings and boost sales. The decision comes despite notable pushback from several franchisees who have expressed concerns over the change. This new collaboration will not only alter the drink options available at Subway locations but also aims to enhance the brand’s overall appeal in an increasingly competitive market.

Vodafone Under Fire: Franchisees Launch Class Action Over Allegations of Legal Breaches

2 months ago

In a developing legal saga, Vodafone, the telecommunications giant, is facing a significant class-action lawsuit initiated by a group of its franchisees. The lawsuit stems from allegations that the company has violated multiple legal obligations, significantly impacting the operational framework and stability of these franchisees.

Franchise Group Secures $250 Million Exit Financing Amid Bankruptcy Restructuring

3 months ago

In a significant development for the retail sector, Franchise Group has received court approval to borrow $250 million as part of its bankruptcy plan aimed at restructuring debt and stabilizing its operations. This financing, sanctioned under Chapter 11 bankruptcy protection, marks a crucial step for the company, which has been grappling with financial challenges for some time.

Franchisees of TGI Fridays Face Uncertainty Over $50 Million Gift Card Rush

3 months ago

In an unsettling turn of events for TGI Fridays' franchise owners, the popular restaurant chain is grappling with a potential crisis surrounding its substantial gift card liability. A staggering $50 million worth of gift cards is reportedly at risk, leading franchisees to voice their concerns and seek clarity from the corporate office.

B. Riley Chairman Stricken with Personal Disappointment as FRG Enters Bankruptcy

3 months ago

In a recent turn of events within the financial world, B. Riley Financial Chairman, Bryant Riley, has expressed profound disappointment as Franchise Group Inc. (FRG) filed for Chapter 11 bankruptcy. The retailer, which operates various brands under its umbrella, including The Vitamin Shoppe, filed for bankruptcy on November 3, 2024, citing significant financial challenges exacerbated by unfavorable market conditions and increased competition.

B. Riley-Backed Franchise Group on Brink of Bankruptcy Filing

3 months ago

In a significant development within the franchise industry, a group backed by financial services firm B. Riley is preparing to file for bankruptcy protection. The impending filing underscores the ongoing challenges facing franchise operations amid shifting economic landscapes and industry-specific hurdles.