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February 6, 2013News for the franchise sector

  Franchise News 
 
  • A closer look at the Dunkin' Donuts brand
    In general, the Dunkin' Donuts franchise likes to look for franchisees who are able to run at least five locations, according to Grant Benson, the brand's vice president of franchising and business development. However, that isn't always possible, he noted. The brand provides franchisees with funds to support their marketing efforts and, in certain cases, is willing to provide incentives such as reduced royalties. "We tend to discount those in some of our newer markets on a sliding scale," he explained. TheStreet.com (2/6) LinkedInFacebookTwitterEmail this Story
  • How Doc Popcorn grew into a major brand
    Doc Popcorn, which was founded in 2003, has grown into the largest popcorn company in the world since it began franchising, according to co-founder and CEO Rob Israel. "We're the most indulgent, best-for-you snack in high-traffic venues that there is," he said. FoxNews.com (1/31) LinkedInFacebookTwitterEmail this Story
  • Smoothie King offers discounted fees for new franchisees
    Smoothie King, which is celebrating its 40th anniversary, is offering discounted franchise fees for the first 40 new agreements made this year. "[W]e are proud of our brand heritage and excited to mark our 40th anniversary with a new, limited incentive program for new franchisees," CEO Wan Kim said. TheStreet.com (2/5) LinkedInFacebookTwitterEmail this Story
  • Wyndham Hotel Group affiliate buys Alex Hotel in NYC
    An affiliate of Wyndham Hotel Group has acquired the 203-room Alex Hotel in New York for $115 million. The property was owned by a joint venture of Atlas Capital Group, Rockpoint Group and the Procaccianti Group, which also earlier sold the Flatotel in New York for $180 million. TheRealDeal.com (2/1) LinkedInFacebookTwitterEmail this Story
  • Burger King's slow march back to France
    Burger King was out of France for 15 years, allowing rival McDonald's to capture the lion's share of the market, but now a partnership with Italian operator Autogrill has brought the brand back to France with a strategy that lets Burger King test the market without significant upfront investment. "They have the name recognition, that weird cult following in France,” said Euromonitor International analyst Michael Schaefer. Bloomberg Businessweek (2/4) LinkedInFacebookTwitterEmail this Story
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  Best Practices & Business Leadership 
 
  • How to be a more intense boss
    Intensity is a powerful tool for any leader, although it's important to ensure that your focus and commitment don't come across as anger or obsession, writes Art Petty. Authenticity is a vital part of that process, Petty writes. "Your commitment to the mission at hand must come through in your every word, action and during every encounter," he writes. ArtPetty.com (2/4) LinkedInFacebookTwitterEmail this Story
  Trend Watch 
 
  • Report: Hotel brands that innovate in digital marketing thrive
    According to a new L2 Think Tank report, W Hotels is the only company that scored a "genius" ranking for its digital marketing initiatives. "As with many of the industries L2 researches, brands at the top are those that don't rest on their laurels, but rather continue to push the envelope, for example Starwood's design lab and the recent launch of their SPG Android app. Many of those on the bottom are just not keeping up with the increasing pace of innovation, specifically when it comes to mobile adoption," said Daniella Caplan, a researcher with L2 Think Tank. TNooz.com (2/4) LinkedInFacebookTwitterEmail this Story
  • Loyalty programs vs. daily deals
    Daily deals abound in the digital age, but recent research indicates less-pricey customer loyalty programs may be a better bet for building long-term customer relationships. Consumers are likely to dine more often at restaurants that offer loyalty programs, and 65% of them say they're more likely to recommend those places to their friends, according to a survey from Loyalogy. Restaurant-Hospitality.com (1/29) LinkedInFacebookTwitterEmail this Story
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  News from IFA 
 
  • Only days left until the 53rd IFA Annual Convention
    Not registered for IFA's Annual Convention yet? Don't miss your chance to be a part of the biggest event in franchising and see world-class speakers such as Condoleezza Rice, CKE Restaurants CEO Andrew Puzder and MSNBC's "Morning Joe" hosts Mika Brzezinski and Joe Scarborough. Enhance your convention experience by downloading IFA's convention mobile app and gain 24-hour access to the schedule of events, speaker PowerPoints and our interactive trade show floor plan. Strike the right balance with celebrities and athletes while learning about the Professional Athlete Franchise Initiative on Feb. 18, during IFA's New Markets Summit. Follow the IFA Convention on Twitter using hashtag #IFA2013 and register today. LinkedInFacebookTwitterEmail this Story
  • IFA's next trade mission to visit Egypt, Jordan and Qatar
    IFA's next trade mission travels to Egypt, Jordan and Qatar from May 12 to 22. There, a select group of franchisors will receive valuable briefings, research and the opportunity to expand their brands in the growing Middle Eastern markets. Visits are planned to Cairo, Egypt, Doha, Qatar, and Amman, Jordan. Itinerary items include meetings with government ministries, one-on-one matchmaking meetings with pre-screened local investors and the opportunity to exhibit and attend the MENA International Franchise Exhibition, the largest expo of its kind in the Middle Eastern/North African region. LinkedInFacebookTwitterEmail this Story
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  Policy & Finance Update 
  • U.S. debt rises past previous limit
    U.S. debt has ballooned to more than $16.435 trillion -- higher than the $16.394 trillion limit that was suspended by recent legislation. The increase in debt is due in part to the reversal of certain measures that were used to keep the country's debt under the old cap, according to an official with the U.S. Treasury. The Wall Street Journal/Real Time Economics blog (2/5) LinkedInFacebookTwitterEmail this Story
  SmartQuote 
I've learned that people will forget what you said, people will forget what you did, but people will never forget how you made them feel."
--Maya Angelou,
American author and poet


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