September 7, 2012

Penske Joins Hertz’s Franchising Network

FenderBender: Penske Automotive Group Inc. has signed an agreement to join The Hertz Corp.’s franchising network, according to an announcement from both companies. Under the agreement, Penske will purchase Hertz’s assets in the Memphis, Tenn., market. The partnership agreement is part of Hertz’s larger strategic effort to increase its presence in off-airport car rental markets,

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Franchises Target Africa With Fashion, Food And Fitness

NewsDay: From fried chicken to ice cream and body-building supplements, international franchises are making inroads into Africa, tapping into consumers’ hunger for their brands as developed markets stagnate. Hilton Hotels, owned by asset manager Blackstone, Yum Brands’ Kentucky Fried Chicken and the fashion retailer Mango are some of the companies driving the growth of franchising

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