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News and events that center around the selling and granting of franchise licenses

IFA Chair Hashim Warns about Joint Employer

IFA chairman Aziz Hashim ponders a point at the IFA's recent Legal Symposium (photo/bmm)
IFA chair Hashim ponders a point at the IFA's Legal Symposium (photo/bmm)

WASHINGTON – International Franchise Association chairman Aziz Hashim contends that although at times there may be differences between franchisees and franchisors, now is the time to come together. Why? Because, he argues, there is a common foe that challenges the franchise model itself. He is concerned about the threat of wage hikes, unionization and a possible future National Labor Relations Board ruling.

IFA CEO Invites More Franchisee Involvement

CEO Robert Cresanti listens to panel discussing POS security breaches at the IFA's Legal Symposium in May 2016
Cresanti listens to a Legal Symposium panel of experts (photo/bmm)

WASHINGTON – Robert Cresanti, the newest CEO and president of the 56-year-old International Franchise Association, speaks about franchisee interests, his recruitment into the IFA and his background.

Franchisee or Franchisor Centric?

Although there may be differences in the way franchisors operate their franchise systems, we can assume with confidence that franchisors intend to develop a franchise network with profitable franch

Issues to Consider before Franchising

Many of my franchise law posts focus on legal tips to consider when buying a franchise. However, an established small business owner may also benefit from an attorney’s counsel when he or she is considering an expansion into the franchising arena.

McDonald’s Corp to Move to Downtown Chicago

McDonald's Corp in Oak Brook, Illinois
McDonald's Corp. headquarters in Oak Brook, Illinois. (photo:marketwire)

OAK BROOK, Ill.—McDonald's Corp. (NYSE: MCD) announced this morning that it will move its corporate headquarters from Oak Brook, Illinois, a suburb of Chicago, to downtown Chicago.

Cadillac Planning for Some Dealerships to Have No Cars

Cadillac has a glut of dealerships. Its solution to the problem is to implement five tiers of dealerships, asking some of those with the lowest volumes if they would be willing to give up Cadillacs on the lot

Wetzel's Pretzels Co-Founders Talk about the Business of Franchising

Wetzel's Pretzels CEO and co-founder Bill Phelps and co-founder Rick Wetzel talk to Pimm Fox of Bloomberg Television's Taking Stock about the business of franchising.

Sonic Negotiates Hundreds of Millions in Securitization

OKLAHOMA CITY—Sonic Corp. (NASDAQ:SONC), a chain of 3,500 drive-in restaurants, announced last week that it will be dipping into business securitization for debt based on future fees that its franchisees are expected to pay the franchisor. Sonic has negotiated to receive $425 million in a 4.472 percent fixed rate senior secured note with an expected life of seven years.

What Percentage of McDonald's Restaurants Is Franchisee Owned?

A full 82 percent of McDonald's [NYSE:MCD] 36,525 restaurants worldwide at year-end 2015 were owned by three categories of franchisees. The company is aiming for 95 percent long term.

Krispy Kreme Says It Wants to Improve Franchisee Profitability

Krispy Kreme's CEO Tony Thompson said during the company's earnings call on Tuesday that it is in the process of making changes to improve franchisee profits.