Katie Johnston of the Boston Globe reports the state’s franchise industry is coming under scrutiny on Beacon Hill as lawmakers consider two bills that would further regulate franchise agreements and more clearly define the relationship between local franchise owners and their parent companies. The bills, which will be the subject of legislative hearings today, have…
Blue MauMau — Some of America’s largest franchise groups formally ratified a franchisee bill of rights on Friday, June 3. The intent of the document is to spell out a framework of a mutually beneficial relationship between franchisor and franchisee. Hospitality, restaurant, convenience store, automotive services and scores of other sectors that franchise are anticipated to be eventually impacted by these franchising standards.
Paul Frumkin reports in Nation’s Restaurant News that sandwich giant Subway is testing a more upscale format called Subway Café, which the company hopes will address the needs of franchisees looking to open in office buildings and other more high-end venues.
The Insurance Journal reports that a Dunkin’ Donuts employee mistakenly put sugar rather than artificial sweetener into a diabetic woman’s coffee, triggering a reaction that sent the woman to the hospital, according to a civil lawsuit filed Thursday in Philadelphia.
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A new study from Family Process shows that passing down a family business is an emotional process, and key factors need to be in place in order for the transition to prove successful. The owner needs to trust other family members’ involvement in the long-term plan for the business, and nurture a healthy outlook and plan for their own retirement. In the United States alone there are an estimated 10.8 million family businesses. Only 30% of businesses stay in the family from the first to the second generation.