Good News! – October 2017
The good news: Despite ongoing external threats to the business model, franchising is experiencing a remarkable growth phase – not only in unit count and system-wide revenue, but also in the number of new and emerging brands. The bad news: It’s harder to keep up with all the good news! That’s a nice problem to have – and why we’ve brought back our “Good News!” roundup of selected news items on unit growth, investment and financial developments, international expansion news, refranchising, and milestones attained by franchisors large, medium, and emerging. Here’s your chance to follow the leaders, every third Tuesday of the month.
So if you’re not doing it already, send us your good news here.
New Units/Growth/Expansion
Dickey’s Barbecue Pit Franchisee Group To Open 13 More in Texas and Louisiana
Dunkin’ Donuts Franchisee in Rochester, New York Plans 4 New Restaurants
Big Whiskey’s Signs Two-Store Deal in Birmingham, Alabama
Curio Collection by Hilton To Open in Seattle, Cincinnati, and New York
Del Taco Inks 5-Unit Deal for the Athens, Georgia Area Over 6 Years
Financial/M&A
Wings Over, with 40 Units, Sold to New Group, Delectable Capital
New PE Fund, Cove Hill, Founded by Former Bain Restaurant Buyout Veteran
Big Plans, Big Dreams
SpeedPro Imaging Announces “Explosive” Growth Plans
BurgerFi CEO Corey Winograd Outlines Growth Strategy; Hits 100 Units
Church’s Chicken CEO Joe Christina Details Plans for System-Wide Growth
International
9Round Opens First Locations in Turkey; 18 More Planned in 5 Years
Chutneys Indian Grill Looks To Follow Up Its Canadian Success in the U.S.
Marriott To Open 6 New Luxury Hotels in the Middle East, 3 in Dubai
Nestlé Toll House Café by Chip Opens Its 18th Kuwait Location
Arby’s Opens Its 1st Restaurant in Kuwait with Kharafi Global
Domino’s Opens Two-Story “Pizza Theater” Store in Bratislava, Slovakia
Ontario-Based Hopscotch Fast Casual Brand Signs 4-Unit Deal for Edmonton
New and Emerging Brands
theCoderSchool Set To Open Its First New York School in Syosset, Long Island
Bareburger Announces Plans for a New 100% Vegan Restaurant Brand
Meatheads, a 17-Unit Chicagoland Chain, Begins Franchising
Shuckin’ Shack Oyster Bar Continues Recent Expansion
Mass.-Based Hot Harry’s Fresh Burritos Inks Deal for 8th Unit (Pottstown, PA)
Avid Hotels, a New Midscale Brand, Coming from Intercontinental Hotels Group
Revolism Wellness & Weight Loss Launches Franchising in Georgia
People & Awards
Marco’s Pizza CEO Jack Butorac Named NRN’s 2017 Operator of the Year
Donna Josephson Leaves Fazoli’s for SVP/CMO Job at Corner Bakery Cafe
Diane Reed Named CFO at Bravo Brio Restaurant Group
Andrew Alfano Named President of The Learning Experience
Papa Murphy’s Names CFO Mark Hutchens as COO
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