Posted on May 06, 2011
Franchise Fridays for May 6, 2011: Top Franchise and Small Business News of the Week
After 5 years as President and CEO, Daniel Pittard has resigned from Rubio’s Fresh Mexican Grill franchise (Rubio's Restaurants, Inc.). The company announced that Marc Simon will take over Pittard’s duties at the helm of the system. Mr. Simon's qualifications include two years as COO of Rubio’s, four years as VP of Corporate Development at McDonald’s, where he choreographed the Golden Arches' investment in Chipotle Mexican Grill, and sixteen years in professional services with Ernst & Young, among other roles.
Read more about Rubio’s CEO announcement.
WorldWide Papa's Plc., the area developer of Papa John’s franchise restaurants in St. Petersburg, Russia, is now listed on the Frankfurt Open Market (FSE). The rationale behind WorldWide's decision to go public (other than stacking up the Benjamins, err, Rubles) was to access capital to expand its restaurant holdings from 4 to 40 in the St. Petersburg and Leningrad regions. Papa John’s International expressed pleasure with the move, citing WorldWide Papa’s track record of outsized sales performance.
Read more about PapaJohn’s Russian franchisee going public.
The McDonald’s franchise is planning to open 700 new units in China over the next two years, in a move that will take pressure off of the franchise giant's domestic growth requirements. McDonald’s expansion would give it a total of 2,000 restaurants in China by 2013. McDonald’s, famously, has been in China for more than 20 years, but in recent years has been facing increased competition from franchise rival YUM Brands, which operates 3,800 KFC and Pizza Hut restaurants in the world's most populous country. Read more about McDonald’s expansion in China.
Ben & Jerry’s will provide free ice cream to the people of L.A via its roaming “Scoop Truck” this May 2 through June 10. During its Hollywood tour, the ice cream juggernaut will drop in on local community events and non-profits, and will look to build awareness and support for a local food pantry. In a nod to the power of social media for franchises, Ben & Jerry's will allow people to direct where their truck will go via Twitter and Facebook. Fans can tweet their suggestions direct to @BenJerrysWest. This tasty truck will boast several new flavors, including one flavor that is described as a “salty caramel swirl & fudge covered potato chip clusters." Yum! Read more about Ben & Jerry’s LA ice cream tour. That’s all for this week from the staff at FranchiseHelp.com, the industry’s top independent provider of franchise opportunities, franchise documents, and franchise information.
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