World Franchise Review 2018

WORLD FRANCHISE REVIEW 52 News North America News Americas Nestle (Switzerland) and Starbucks (US) strike $7.15 Billion licensing deal Swiss-based Nestle, the world’s largest food and beverage company, will pay Starbucks Corp $7.15 billion in cash for exclusive rights to sell the U.S. chain’s packaged coffees and teas around the world, tying a premium brand to Nestle’s global distribution muscle. Burger King drives restaurant brand international’s growth in the first quarter Restaurant Brands International revealed its plan to improve customer experience and sales at its Tim Horton’s segment while announcing its first quarter results. The company posted largely upbeat results, which beat consensus expectations on revenue and earnings, with Tim Horton’s being the only sore spot. Burger King posted an impressive comparable sales growth of 3.8%, higher than the 3.5% growth anticipated, which together with the higher BK restaurant count, led to system-wide sales growth of 11%. Instinct Dog Behavior and Training Business (US) to franchise in Canada Instinct Dog Behavior And Training Business hopes to sell two franchises out of state this year. “It’s really exciting and our goal is to hopefully have 20-30 locations in about five to seven years,” said Burton. “It’s really about focusing on people and their dogs and really taking a stance that dogs are family and I think that’s been sort of at the core of what we do, and I think it’s been at the heart of our success.” Orangetheory (US) Fitness continues global expansion Orangetheory Fitness, the scientifically backed and fast-growing fitness franchise, announced today that it experienced significant growth in the first quarter of 2018, opening 61 new studios throughout the world, as well as signing 54 lease agreements and 34 franchise agreements to continue driving its global expansion. Hooters (US) amplifies presence across the globe We are excited about bringing Hooters to new places this year! There are international stores scheduled to open in Spain, Thailand, Mexico, and Bolivia. Most of the domestic expansion is taking place in Texas, but also includes Ohio, Arkansas, and Oklahoma. Overall, Hooters is on the way to open over twenty-five stores this year, including fifteen corporate locations domestically. The new restaurants will not only have an incredible, fun, and fresh atmosphere, but serve the wonderful Hooters menu, including our signature World Famous Chicken Wings and delicious seafood! Subway (US) plans to open 1000 stores overseas Fast food sandwich chain Subway expects to close about 500 stores in North America this year. But it’s also hoping to open as many as 1,000 stores overseas. The company has 44,000 locations globally -- more than any other retailer. Wayback Burgers (US) expands domestically and internationally in Q1 2018 Wayback Burgers, America’s favorite hometown burger joint and one of the nation’s fastest growing burger franchises, is riding a monstrous wave of momentum in 2018. The company is approaching major milestones while introducing its world-famous burgers, fries and milkshakes to fans in brand new states and countries. This surge comes on the heels of a prosperous 2017. Old Navy (US) to open more than 60 stores across the U.S., Canada and Mexico Last September, Gap Inc. outlined its balanced growth strategy. As a part of that strategy, over the next three years, the company expects to add about 70 net new stores, by introducing 270 new Old Navy, Athleta, Gap Outlet and Banana Republic Factory stores, while continuing to right-size its Gap and Banana Republic specialty footprint. The company is on track to meet this goal and will open about 60 Old Navy stores by the end of 2018. CARSTAR (US) launches new operations and sales structures across Canada CARSTAR is proud to be launching its new operations and sales structure across Canada with a renewed focus on driving network and partner success. Operating under a zone structure now, CARSTAR has proportionate support for each region it serves across Canada. sbe’s (US) Katsuya and Umami Burger to expand into Mexico with 40+ venues Six Katsuya and Umami Burger restaurants set to open in Mexico City in 2018, with more planned across Mexico in the coming years. sbe, the leading lifestyle hospitality company that develops, manages and operates award-winning global brands, is thrilled to announce two of its renowned restaurant brands – Katsuya and Umami Burger – are expanding into Mexico for the first time with over 40 venues in the pipeline, in partnership with Gin Dinar. Gold’s Gym (US) adds 12 more locations around the world Gold’s Gym, the world’s trusted fitness authority, is continuing to experience strong brand growth with the opening of 12 new gyms in domestic and international markets during the first quarter. Seven new international Gold’s Gym locations include four gyms in India, two in Saudi Arabia, and one in Japan. In addition, five new gyms have opened in the U.S. including two in California, one in Texas, one in New York, and one in Maryland. Keller Williams (US) expands in South America Keller Williams has expanded in South America with KWArgentina, a new master franchise, as well as appointed new leadership in Colombia. The franchise has now launched in seven countries across Central and South America with 42 market centers and more than 1,500 agents. Chilean signage company Neomark will develop six Fastsigns centers in Santiago and is targeting additional growth throughout Chile. Fastsigns International, Inc., franchisor of Fastsigns, the leading sign, graphics and visual communications franchise, announced today it has signed a master franchise agreement to expand to Chile. Neomark, a full-service sign business based in Santiago, Chile, will convert its existing location to Fastsigns and open five additional locations throughout Santiago. FASTSIGNS (US) signs master franchise agreement for Chile F45 Training-the world's fastest-growing functional training network-announced franchise plans for 2018 today, including 275 studios already sold and set to open in the US in 2018, with a rate of selling 35 studios per month. In just four short years, F45 Training has already sold 1,150 studios across 36 countries and is now firmly set on further expansion in the US, Canada, Europe and Asia. F45 sets itself apart from competitors with a success-proven model. F45 (US) Training announces 2018 global franchise expansion