Interbank Acquires Food Franchises, Sets Up Private Pension Fund
Grupo Interbank, one of Peru’s largest corporations and among the top 50 groups on the continent, has announced a number of acquisitions in the fast food business recently, and the authorization from Peru’s banking regulator to set up a private pension fund.
The financial group, which owns Peru’s fourth largest bank Interbank and the insurance company Interseguro, said this week that it has been given the green light by Peru’s banking regulator to set up a private pension fund. The fund will be known as AFP Interactiva.
Four other private pension funds currently operate in Peru, including one owned by financial holding Credicorp and another by Canada’s Scotiabank, the third largest bank operating in Peru.
The Interbank group also has a strong stake in the food industry in Peru, and announced Friday that it has acquired the 100% stake in Corporacion Peruano de Restaurantes, known as Corperes, which has the franchise in Peru of the Papa John’s pizza chain, which has some 570 employees and 17 locations, mainly in Lima.
This is Interbank’s latest acquisition of fast food chains. The company’s holding NG Restaurants bought out the Peruvian-founded Bembos chain, as well as Chinawok and Don Belisario franchises. Earlier this year it also introduced the Louisiana-based chicken franchise, Popeyes, to Lima —the first test-run Popeye restaurant was opened at the downtown Centro Civico shopping mall, owned by Interbank. The group’s main Oeschle department store is also in the mall. (more…)
08/12/2012 | admin
Increased Need for Retailers to Promote Specials and Stand Out During 2012 Holiday Season
Once again, the holidays have arrived. With budgets on the minds of shoppers, businesses need ways to grab customers’ attention this holiday season.
According to the National Retail Federation, 45.2% of shoppers surveyed said they would decide what gifts to buy their loved ones this year simply by walking through a store. This fact could mean that signs and graphics will have a large effect on the shopping decisions made this year.
“For many businesses, the holiday season is typically the highest grossing time of year. This is particularly true for retail establishments,” said Drue Townsend, Senior VP of Marketing for FASTSIGNS International. “Competition for the consumer dollar has never been greater, so it is important for stores to set themselves apart from their competition with the right messaging and the most appropriate signs and graphics.”
Townsend suggests that retailers use unique and eye-catching point of purchase, or ‘POP’, signage this year as it can be one of the most effective ways to engage customers. POP signage includes floor graphics, banners, aisle displays, menu boards, shelf signs, posters and even digital displays. (more…)
08/12/2012 | admin
Rainbow Academy Strives to Meet Needs Dual-Income Parents in Beleaguered Economy
Rainbow Academy® – A Family of Early Learning Centers that serves nearly 1800 children through thirteen centers across New Jersey in Bergen, Hunterdon, Middlesex, Morris, Monmouth and Union counties – recently conducted a survey of the parents of children enrolled in its centers. Founded on the concept of providing a “Circle of Care” approach to the families it serves – where the needs of working parents are an equally important component as the care and education of their children – Rainbow Academy developed the survey in order to make certain they indeed understand the prevailing needs in order to better meet parents’ expectations. The information that was gleaned from a survey analysis performed by Cybeck Capital Partners provided a microcosm of what are likely the concerns, desires and circumstances of many parents across the nation today.
Perhaps most telling about families hard hit by the current state of the economy and job market is the fact that 2 out of 10 parents who responded to the survey indicated that they have needed to adjust to changes in the workplace ranging from 36% who had faced layoffs and 22% who had either an increase or decrease in their work hours. Among parents surveyed, 86.2% were dual-income – and 7 out of 10 of those families included moms and dads who both worked full-time jobs, clearly signifying the rising need for quality childcare services. When seeking childcare for their children, respondents denoted that quality of programming, experience and communication skills of the staff, and convenience of hours to accommodate their long working schedules were all key factors in the selection process. As for features that drew parents specifically to Rainbow Academy, cleanliness of the facility, quality of classroom staff, educational programs, safety and security of the center, and convenience to home or work all received high marks from respondents. Also garnering credit for attracting parents to its centers was Rainbow Academy’s ParentView® Monitoring. (more…)
07/12/2012 | admin
Government cost cutting that led to West Coast mainline franchise fiasco could cost tax payer £100 million
Government cost cutting and a botched reorganisation of the Department of Transport contributed to “unacceptable flaws” in deciding who should run the main railway line between London and Scotland, two damning independent reviews have concluded.
An internal Department of Transport investigation led by the businessman Sam Laidlaw found that “organisational changes and resourcing constraints” contributed to flaws in the franchising process which could end up costing the tax payer up to £100 million.
At the same time a separate report by the National Audit Office concluded that spending cuts which forced the department to reduce its £295 million administration budgets by 33 per cent had led to 500 staff losing their jobs had led to a loss of expertise which might have prevented the fiasco.
It added: “We have consistently highlighted the risks that departments run in cutting costs without fully understanding value.”
Both reports concluded, as first revealed by The Independent earlier this year, that the loss of institutional knowledge and experienced staff members with knowledge of franchising had exacerbated problems.
However Laidlaw cleared politicians of having any direct responsibility for the botched process saying ministers were given “inaccurate reports” on which to base the ultimate award of a new 13-year West Coast franchise to transport company FirstGroup last August.
It was only when Sir Richard Branson, whose Virgin Trains’ company had lost out to FirstGroup in the bidding, mounted a legal challenge to the decision that the flaws in the process were discovered.
The mistakes made, the Laidlow report said, were based on making inaccurate risk calculations on the merits of the two bids and giving misleading information to the two companies preparing their bids. (more…)
07/12/2012 | admin
Enterprise launches first franchise operation
Enterprise has announced that, for the first time in its more than 55-year history, the company is franchising its flagship Enterprise Rent-A-Car brand, as it appoints Guerin Car Rental Solutions as a franchisee in Portugal.
This agreement brings the Enterprise Rent-A-Car brand’s European presence to six countries – the UK, Germany, Ireland, France, Spain and Portugal – representing more than 65 per cent of the European car rental market.
The company also announced it is re-branding the recently acquired Citer and Atesa operations in France and Spain, taking the total number of corporate-owned and franchise Enterprise Rent-A-Car locations in Europe to over 1,000.
Today, the European Enterprise Rent-A-Car network operates more than 100,000 vehicles.
“We are committed to developing a comprehensive network of rental car businesses across Europe and beyond,” said Jim Burrell, senior vice president, Europe, for Enterprise Holdings.
The company – through its regional subsidiaries – operates the largest fleet of vehicles in the world and a global network of more than 8,200 airport and neighbourhood locations.
“While this may be the first franchising agreement for the Enterprise Rent-A-Car brand, it won’t be the last,” said Peter Smith, vice president of global franchising.
“In fact, we plan to continue this same growth strategy throughout Europe, the Middle East, Africa and Asia.”
The new franchise agreement not only enables both companies to better meet customers’ needs, it also marks Enterprise Holdings’ entry into the Portuguese market. (more…)
07/12/2012 | admin
Rita’s Italian Ice Awards Master Franchise For Canada
Rita’s Italian Ice, the United States’ largest Italian Ice concept with over 625 outlets, has awarded a Master Franchise for all of Canada to Canada Water Ice Company Ltd. of Calgary, Alberta. Steve McDonough, President of Canada Water Ice Company, and a franchise veteran, will serve as the Master Franchisee overseeing growth throughout the country. The agreement calls for 80 outlets to be developed over the course of the next five years.”We are proud to introduce Rita’s Italian Ice to Canada,” said Jonathan Fornaci, chief executive officer of Rita’s. “Steve McDonough and his franchise team will enable us to expand Rita’s brand to many more fans throughout North America.”
With its motto, “Ice, Custard, Happiness”, Rita’s is dedicated to serving up a big dose of happiness with their freshly made delicious custom treats which will be served in Canada soon. Guests can choose from traditional Italian Ice made fresh daily with real fruit, including the most popular flavors, Cherry, Alex’s Lemonade, Mango, Swedish Fish®, and Cotton Candy, just to name a few! If Guests prefer a more decadent Ice treat, without the heaviness of ice cream, Cream Ice, is their choice and is offered in silky smooth flavors. Finally, health-conscious Guests can still enjoy a taste of Rita’s with Sugar-free flavors also available. Rita’s Italian Ice is made fresh daily on-site at each outlet, making it like no other frozen treat, and is served in a fun-filled atmosphere.
Rita’s the “Home of Cool Treats” offers many delicious options in addition to Italian Ice, including Misto® Shakes, a combination of Italian Ice and Custard blended into a cool, creamy, delicious customizable treat, a personalized Blendini®, which is Frozen Custard and Italian Ice with your choice of mix-ins such as Snickers® blended together or, a Gelati, your choice of Italian Ice layered with creamy Frozen Custard. Other tempting treats include Rita’s twist on an old-fashioned favorite, Milkshakes, made with Rita’s famous Old-Fashioned Frozen Custard and are available in a variety of flavors, topped off with whipped cream. (more…)
06/12/2012 | admin
Smoothie King is targeting Towson for expansion
Smoothie King Franchises, Inc., the premier smoothie and nutritional lifestyle center, announced today a healthy year of growth in 2012 with 51 openings worldwide and 48 new franchise agreements.
06/12/2012 | admin
Smoothie King is on track to open 17 U.S. and 33 Korean locations, as well as its first store in Singapore by the end of 2012. Twenty-two of the newly signed franchise agreements will be developed in the U.S. and 26 internationally in Korea.
“Our performance in 2012 is only the beginning of Smoothie King’s aggressive expansion in the U.S.,” said Smoothie King Global CEO Wan Kim. “We intend to add 1,000 new franchised and corporate locations domestically over the next five years, with the goal of opening 40 franchise and 20 corporate locations in 2013.”
Smoothie King is targeting Towson for expansion and will hold a Discovery Day for potential franchisees on Friday, Dec. 7 from 8:30 a.m. – 3 p.m.
The event will take place at Towson University Marriott Conference Hotel, 10 West Burke Ave., Towson, MD 21204. To RSVP, interested franchisees can contact Natalie Johnson at nataliej@smoothieking or 504-261-9759.
Even with more than 600 locations in the U.S., Smoothie King still has extensive franchise opportunities available in the Southeast, Mid-Atlantic and Northeast regions, as well as Texas. International development includes master franchise and corporate expansion in Korea, Singapore and Malaysia, with 50 new stores planned in Korea and 10 in Singapore in 2013. (more…)
Towson is target market for Smoothie King expansion
Smoothie King, a company that makes nutritional smoothies and health-related products, said this week it’s targeting Towson for expansion, and will hold a “Discovery Day” for potential franchisees on Friday, Dec. 7, 8:30 a.m. to 3 p.m.
The event will take place at the Towson University Marriott Conference Hotel, 10 West Burke Ave., Towson.
People interested in attending the Dec. 7 event may RSVP to Natalie Johnson at nataliej@smoothieking, or 504-261-9759.According to a release from the company, Smoothie King Franchises, Inc., grew with 51 new store openings worldwide in 2012, and 48 new franchise agreements.
Wan Kim, CEO, said the company intends to add 1,000 new franchised and corporate locations domestically over the next five years, with a goal of opening 40 franchise and 20 corporate locations in 2013.
The company said it has “extensive franchise opportunities” available in the Southeast, Mid-Atlantic and Northeast regions. (more…)
06/12/2012 | admin
Franchise Expo South to Drive New Business Opportunities for Entrepreneurs at Miami Beach Convention Center Jan. 11-13, 2013
Entrepreneurs, start your engines! For the first time this year, the seventh annual Franchise Expo South will present the latest opportunities from a growing number of mobile franchise businesses, along with hundreds of industry-leading franchise concepts. From Jan. 11-13, 2013, thousands of prospective franchisees are invited from across South Florida, Latin America and the Caribbean to gather at the Miami Beach Convention Center and meet franchisors face-to-face to discuss new franchised business opportunities while examining the latest issues affecting the franchising industry.
“As one of the largest franchise shows in the country, Franchise Expo South offers visitors the unique opportunity to learn about which types of franchise businesses match their needs,” said Tom Portesy, president of MFV Expositions, producers of Franchise Expo South. “The tradeshow floor will feature hundreds of the top brands, from food to retail concepts, including Burger 21, McAlister’s Deli, Kiddie Academy, Sign-A-Rama, Cinnabon, EmbroidMe, and Wireless Zone, among others. During the expo, attendees can research potential franchise businesses, talk one-on-one with brand representatives and learn exactly what it takes to get into the franchise industry.”
Through its exclusive partnership with MobileFoodNews.com, the leading site for news, resources, information and insight into the mobile food industry, Franchise Expo South will also showcase the first ever “GoMobile Pavilion,” which will highlight dozens of franchise concepts that have literally taken their businesses to the streets. Several sessions will also be held to educate attendees and current franchisors on the benefits of mobile franchising and what it takes to go mobile with an existing business. (more…)
05/12/2012 | admin
Nurse Next Door Home Care Franchise Increasingly Popular for Family-Owned Businesses
Since 2000, franchise systems have begun to emerge as a fast-growing phenomenon in the home care industry, and one of franchising’s emerging trends is taking hold at home health care innovator Nurse Next Door: the “dad and grad” movement.
It’s an increasingly popular small business setup for parents nearing retirement and burned out on life in corporate America and their children in their 20s, college-educated but having trouble finding jobs in a still-lukewarm economy.
Often, parents will bankroll most or all of a franchise purchase, using well-honed talent and experience to guide their children as they run the businesses. When parents decide to retire, they can sell their business interest to the children, who can parlay it into a career or valuable business asset or both.
“We really embrace this trend in small business because it meshes so beautifully with the basic mission of Nurse Next Door,” said John DeHart, the company’s co-founder and CEO. “The fuel for the passion Nurse Next Door franchise partners bring to their business operations is commitment to family and community — 85 percent have had a personal experience with home health care.
“So starting a Nurse Next Door business with your son or daughter is a great way for our franchise partners to reach their goal of owning a business with heart.”
Nurse Next Door’s first U.S. location, which opened in Mission Viejo, Calif., in August, is owned and run by the father-stepdaughter team of Tony Uzzi and Paige Palmer. The mother-son team of Lisa and Scott Lyles recently opened another new American location in the San Antonio area. Nearly half of the company’s 10 U.S. locations, all of which were founded this year, fall into the parent-and-child business category. (more…)
05/12/2012 | admin