World Franchise Review 2018

WORLD FRANCHISE REVIEW News Europe News Europe Papa John’s (US) reaches milestone with 50th restaurant opening in Spain Papa John’s International, Inc., continues its International expansion with the opening of its 50th restaurant in Spain. “We’re thrilled with the growth we’ve experienced with the Papa John’s brand in both Barcelona and Madrid,” said Catalina Silva, Managing Director of Operations for Drake Group. “We look forward to further expanding to all parts of Spain.” Drake is also the Papa John’s franchisee in Chile. CCC (Poland) plans to open 50 stores in Ukraine by 2021 Adler International, developing the CCC shoe franchise store chain, has sold some stores in Poland and plans to develop the CCC shoe franchise store chain in Ukraine using the money received. As reported, CCC Ukraine LLC (Lviv), developing the shoe store chain of the Polish CCC brand, seeks to open up to 15 new stores in the country in 2018. Wayback Burgers (US) signs master franchise agreement for Ireland Wayback Burgers, America’s favorite hometown burger joint and one of the nation’s fastest growing burger franchises, has announced a new master franchise agreement that paves the way for expansion into Ireland. Zubair Najm is the entrepreneur bringing Wayback Burgers to Ireland. Amrest (Poland) to become master franchisee for Pizza Hut (US) in Russia Based on the MFA AmRest will gain the master-franchisee rights for Pizza Hut brand in Russia, Azerbaijan and Armenia. After the completion of MFA AmRest will have the exclusive right to grant the license to the third parties to operate Pizza Hut restaurants (sub-franchise) in the Territory and become the franchisor for nearly 30 restaurants currently operated by multiple sub-franchisees in above mentioned countries. Vapiano (Germany) establishes JV with HMSHost International VAPIANO SE and HMSHost International BV are exploring the opening of VAPIANO restaurants through its subsidiary, VAPIANO Franchising International GmbH. Locations include airports, railway stations and outlet centers in the United Kingdom, Scandinavia, Germany and the Netherlands. The restaurants will be specifically designed and engineered towards the needs and demands in travel locations, with eat in and takeaway options. Tony Roma’s (US) continues strong growth in Spain Romacorp, Inc., the parent company of Tony Roma’s, announces the opening of its newest restaurant, located in Albacete, Spain, the largest city in both the province and the region of Castilla-La Mancha. This is the 26th Tony Roma’s restaurant in Spain and the second location for Romacorp’s franchisee, Emilio Saban, who opened his first Tony Roma’s in February 2014 in Toledo, Spain. RFG (AU) 40 new Gloria Jean’s Coffee outlets set to open in Germany Global food and beverage company, Retail Food Group, has declared Germany a significant market in Western Europe for its Gloria Jean’s Coffees brand following the signing of an important Master Franchise Agreement with a group of local businessmen. The owners are set to open 40 Gloria Jean’s outlets in Germany in the next five years with an option to expand their current 10-year agreement with Retail Food Group to 20 years. Right Cars (UK) continues to expand in Europe Right Cars Vehicle Rental Ltd today announce it has sold the master car rental franchise for the UK as it continues to expand rapidly through Europe and America. Right Cars now in its sixth year continues to expand rapidly and has some lucrative and exciting business opportunities for car rental franchise operations in France, Belgium and Germany. Which Wich (US) plans 100 locations in the U.K. by 2028 Which Wich has entered the European market by opening its first location in London this week through AAA Investment House. A news release said that the company also plans to open 10 Which Wich locations in the United Kingdom in the next four years. The London store will feature the brand’s classic sandwiches and local favorites, such as Chicken Tikka Wich or Bahn Mi Wic. Which Wich said it plans to have 100 locations in the U.K. by 2028. IHG (US) signs franchise agreement for a Indigo-branded Hotel in Gibraltar InterContinental Hotels Group has signed Europe’s next Hotel Indigo. The new property is set to open in Gibraltar under a franchise agreement with property developer Roquebrook. The groups will convert an existing office block into the 120-room Hotel Indigo Gibraltar. The site is near the Old Town, Gibraltar International Airport, the Upper Rock Nature Reserve, natural caves and the Northern Defences. CCC (Poland) acquires Romania’s Shoe Express for 33 Mln Euro Polish footwear retailer CCC said on Thursday it has bought a 100% stake in Romanian company Shoe Express for 33 million euro ($40.2 million). Founded in 1999, CCC is the largest footwear retail company in Central Europe and the largest footwear manufacturer in Europe, according to its website. Choice Hotels (US) announces alliance with Sercotel Hotels (Spain) Choice Hotels has entered a strategic alliance with Sercotel Hotels, anl operator and franchisor based in Spain. The new partnership lays the groundwork for an expansion of Choice Hotels’ global footprint into Spain and other markets, the company said in a statement. It will also allow for the creation of new opportunities for hotels across Europe and Latin America. H&M posts Q1 2018 sales at SEK 53,554 million, continues global growth Swedish fashion retailer Hennes & Mauritz (H&M) has posted first quarter sales of fiscal 2018 at SEK 53,554 million (54,369). Sales excluding VAT amounted to SEK 46,181 million (46,985). In local currencies, sales including VAT were unchanged in the first quarter. For the reported period, gross profit amounted to SEK 23,040 million (24,466). The group had one-off positive tax income of SEK 399 million as a result of the US tax reform (Tax Cuts & Jobs Act). Profit after financial items amounted to SEK 1,263 million (3,212). The group’s profit after tax amounted to SEK 1,372 million (2,457). 88