CKE's CEO on regulations, international growth | Rent-A-Center's Canadian locations to become franchises | Starwood Capital Group unveils growth plan for 2 new hotel brands
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February 8, 2013
IFA SmartBrief
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CKE's CEO on regulations, international growth
Regulations aren't necessarily a bad thing, but businesses are dealing with too many of them, according to Andy Puzder, CEO of CKE Restaurants. But President Barack Obama's health care law is "here to stay," he said. "We need to work with the government to come up with rational solutions," he added. CKE's franchisees are "building almost double the amount of restaurants outside the United States than they're building inside the United States," he said. Fox Business (2/6)
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Rent-A-Center's Canadian locations to become franchises
Rent-A-Center is turning its Canadian stores into franchise businesses under its ColorTyme subsidiary. The move will be the first international expansion for ColorTyme, which has been a franchisor of rent-to-own stores in the U.S. Furniture Today (2/5)
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Famous Dave's announces plans for growth in Fla.
The Famous Dave's barbecue franchise is planning to open as many as 50 new locations in Florida, and a few of those could be in the Orlando area. The state's real estate market is providing the opportunity for the expansion, according to Brett Larrabee, the company's director of franchise development. "The last few years have been tough for some Florida brands or brands in general, and those [spaces] are available to convert into Famous Dave's restaurants," he said. American City Business Journals/Orlando, Fla./The Buzz blog (2/7)
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Starwood Capital Group unveils growth plan for 2 new hotel brands
Starwood Capital Group has announced that it will open five hotels in the next two years under two new brands -- the luxury Baccarat Hotels & Resorts and the eco-minded lifestyle brand 1 Hotels & Residences. "With two revolutionary hotel brands entering the marketplace and five hotel openings in the next two years, we are confident that Baccarat and 1 Hotels will place Starwood Capital Group at the very forefront of the dynamic hospitality industry," said Barry Sternlicht, Starwood Capital's chairman and CEO. TravelPulse (2/6)
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What bosses should do instead of micromanaging
It's tempting for leaders to micromanage their teams and big projects, but it's important to resist that urge, writes CollegeHumor CEO Paul Greenberg. Instead, focus on doing the things that nobody else in your organization can do: solving strategic problems, putting together a winning team and securing the resources your company needs to succeed. CNNMoney/Fortune/You Can't Fire Everyone blog (2/6)
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Trend WatchSponsored By
Restaurants cater to demand for smaller plates
A growing number of restaurant chains are cutting portion sizes and offering customers lighter fare in response to demand for healthier menus and rules that will soon require them to post calorie counts. The moves are paying off at Sbarro, where a new lower-calorie slice is outselling nearly all other varieties, and Baja Pizzafish, where grilled fish and brown rice dishes are proving popular. The New York Times (tiered subscription model) (2/7), Advertising Age (free access for SmartBrief readers) (2/7)
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News from IFASponsored By
Join us in Las Vegas for the 53rd IFA Annual Convention
Not registered for IFA's Annual Convention yet? You might be the only one. Registration for the 53rd IFA Annual Convention is on record pace. Don't miss your chance to be a part of the premier event in franchising. You can still register online at the on-site registration rate. The convention is filled with unique educational and networking events, including ICFE Special Sessions, Annual Leadership Conference, all-new Franchisee Leadership Summit and Franchising Gives Back. Download your mobile application to get breaking information about the convention. There is one booth left in our exhibit hall. For details, contact IFA Senior Director of Meetings Anne Poodiack.
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Learn about "Franchising: Entering Afghanistan" during Feb. 12 conference call
The U.S. Department of Commerce and U.S. Agency for International Development invite you to join the conference call "Franchising: Entering Afghanistan" on Feb. 12 from 11:30 a.m. to 12:30 p.m. EST to hear the experiences and observations of the successful franchise delegation to Afghanistan and ask questions about how your franchise can enter the Afghan market. The last delegation met over 100 master franchise candidates and departed with an excellent impression of the business opportunities in Afghanistan and several potential Afghan partners. Call 1-888-469-0502 and use the password "AfghanBiz" to participate. Another free U.S.-Afghanistan Franchising Trade Conference is scheduled for this spring.
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Policy and Finance Update
Unlikely allies: Chamber, labor work on immigration reform
The Chamber of Commerce and labor unions have teamed up to advocate for immigration reform and propose changes to the current guest-worker program. Unions suggest that a panel of experts could use economic data to determine the number of guest workers needed. That number would change as the economy changes. However, the Chamber is skeptical, saying a panel would be "unwieldy" and slow. Both groups do see a need to devise a way in which undocumented workers could gain citizenship. The New York Times (tiered subscription model) (2/7)
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SmartQuote
If you want to make enemies, try to change something."
-- Woodrow Wilson,
28th U.S. president
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