MarketWatch: Franchise Services, Inc. (FSI), announces that it has added the China-based Eastnet Print brand to its family of franchise brands. Headquartered in Shanghai and led by Executive General Manager, Rachel Hao, Eastnet Print will develop a network of franchised centers offering a wide range of printing and marketing services to the small- and medium-sized […]
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MarketWatch: Denny’s Corporation, the international restaurant concept known as America’s Diner, today announced that it has signed an agreement with Great China International Group (GCIG) for the development of 50 new Denny’s restaurants in southern China over the next 15 years. GCIG has exclusive rights to open units in six Chinese provinces including Guangdong, Fujian,
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Wall Street Journal: Burger King Worldwide Holdings Inc. formed a joint venture to open 1,000 restaurants in China in five to seven years as it attempts to gain ground in growth markets. The fast-food chain said it reached an agreement with private-equity firm Cartesian Capital Group LLC and members of Turkey’s Kurdoglu family, a longtime
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QSRweb.com: McDonald’s Corporation today announced global comparable sales growth of 3.3 percent in May. Performance by segment was as follows: • U.S. up 4.4 percent • Europe up 2.9 percent • Asia/Pacific, Middle East and Africa down 1.7 percent “Our commitment to providing customers with menu variety, value and convenience delivered global comparable sales growth
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QSRweb.com: McDonald’s Corp. plans to hire 70,000 new employees in China this year as it opens new outlets throughout the country. This will nearly double the chain’s current workforce, according to Bloomberg. Next week, the 1,400 McDonald’s China restaurants will set up recruitment tables with applications for open positions. There are currently 80,000 McDonald’s employees
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PR Web: GraphicMail CEO Nicholas Eckert recently visited the company’s fastest-growing franchise in Beijing, to discuss issues regarding email delivery, marketing and product requirements for the Chinese marketplace. Since its launch in 2009, GraphicMail China’s sales numbers have been consistently above initial forecasts by about 20-30%, with an additional 50-75% growth estimated for 2012. Partnered
CRIENGLISH.com: The Ministry of Commerce (MOC) has vowed to increase the number of franchised outlets, expand the scale of their operations and standardize the franchising market within five years, according a guideline issued by the ministry. From 2011 to 2015, the ministry will revise and improve relevant regulations to standardize management of the franchising market,
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People’s Daily Online: In 2011, McDonald’s opened 200 new restaurants in China1, making the country the third largest market in the world for the international fast food chain. In order to accelerate its expansion in China, McDonald’s will increase its investments in the country in 2012 by 50 percent from a year earlier. The investments
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AllBusiness (blog): We lie awake at night asking ourselves the big questions. Like, why do only pizza franchises deliver? Why not burger chains and fried chicken joints? The answer: Because we don’t live in China. If we did, we could have an endless supply of Big Macs and chicken buckets delivered to our front door.
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BusinessForumChina: Historically, large Western companies looking to expand their franchises internationally had very good reasons to be wary of entering the Chinese market. Lack of local management skills, fear of franchisees not adhering to franchisors’ standards – thereby jeopardising the brand image – lack of control over recruitment, and intellectual property disputes were just a
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