CIT Group Amends Debt Restructuring Offer

The Associated Press reports that CIT Group Inc., a major lender to small and midsize businesses that struggled under mounting losses and tight credit availability, amended its debt restructuring offer to enlist more bondholder support for the plan. The troubled New York-based lender had launched the debt restructuring effort Oct. 1 with the hope that it will trim at least $5.7 billion from its near-term debt. It is also asking bondholders to approve a prepackaged reorganization plan in case it is forced to file for Chapter 11 bankruptcy protection.

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Weighing in on Press Coverage

Op-Ed by Matt Ellis, DDIFO’s Communication Director. Response to the Boston Globe’s recent article “Franchisees say Dunkin’s brewing trouble” illustrates the differing opinions franchise owners have about seeing their issues discussed in the press. Some lauded Jenn Abelson’s article as an important discussion of an issue of interest to the entire Dunkin’ Donuts franchise community; others saw it as an improper public airing of dirty laundry. In either case, any news related to Dunkin’ Donuts strikes a chord because of the popularity and positive perception people have for Dunkin’ Donuts and its products.

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Chairman Purvin to Step Down from AAFD

Don Sniegowski reports at Blue MauMau that Robert Purvin, chairman and CEO of the American Association of Franchisees and Dealers (AAFD), has announced while with lawyers attending the American Bar Association Forum on Franchising event in Toronto, Ontario that he will be stepping down within the next six months.

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Trial Date Set in Federal Court for Dunkin’ Donuts Suit

Paul Grimaldi reports in the Providence Journal that a Vermont businessman hopes to ring up perhaps the most important sale of his career in late 2009 when he tries to get a jury to side with him in a prolonged dispute with Dunkin’ Donuts. Irwin Barkan, of Waitsfield, Vt., will return here Dec. 2 as the dispute goes to trial in federal court –– four years after the coffee shop chain and its former franchisee became embroiled in the legal battle.

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Congress Mulls Fee Cut on Credit Card Transactions

Mark Calvey reports in the San Francisco Business Times that Visa Inc. and its banking clients who rely on the San Francisco company’s payment network to handle card transactions are fighting lawmakers on yet another front: the fees merchants pay to process a card transaction. Three bills in Congress would limit so-called interchange fees when banking issues are the hot topic.

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Money-Saving, Profit-Boosting Strategies for Franchise Owners

In light of the current economic recession, Dunkin’ franchise owners are rightfully being even more vigilant about the bottom line. The DDIFO is mindful of this and wants to help its members identify ways to save money and boost profits. DDIFO Sponsor, Performance Business Solutions, LLC (PBS) and its sister company, MS Consultants, LLC offer services in areas franchisees might not be aware of that can make a significant difference in terms of reducing business expenses, particularly in the area of tax savings.

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National Aquarium in Baltimore, Dunkin Donuts partner on promotion

Rachel Bernstein reports in the Baltimore Business Journal that the National Aquarium in Baltimore and Dunkin’ Donuts have launched a campaign to give customers extra jelly filling. The campaign, called “One Sweet Deal,” gives Dunkin’ Donuts customers a $5 off admission to the aquarium’s jellyfish exhibit. The coupons can be picked up at the more than 100 Dunkin’ Donut locations in Greater Baltimore.

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Dunkin’ Brands Makes Top-Level Marketing Shift

Karlene Lukovitz writes at MediaPost.com that Dunkin’ Brands’ Thursday announcement that it is “strengthening” its senior leadership team by putting veteran retail executive John Costello in the new position of chief global customer and marketing officer also carried the news that Frances Allen, brand marketing officer for Dunkin’ Donuts for two years, has concurrently “decided to step down.”

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Dunkin’ Highlights Pumpkin and Apple Flavors for Fall

Elissa Elan reports in Nation’s Restaurant News that Dunkin’ Donuts debuted its fall menu this week, which includes three new items: a low-fat apple caramel muffin, a spiced apple twist and a pumpkin-coffee flavored Coolatta blended beverage. Returning items to Dunkin’s fall menu include a pumpkin doughnut, a pumpkin muffin, fall-theme Munchkins doughnut hole treats, a Fall Harvest yeast ring doughnut, a pumpkin latte and pumpkin coffee.

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Food Fight: Franchisees Caught in the Middle

Diana Ransom reports at Smart Money SmallBiz.com that if you have been to a fast food restaurant lately, you’ve probably seen some of the fallout of the downturn. You may have eaten some of it, too. In an effort to convince consumers to open their wallets wider, franchisors are not only requiring franchisees to officiate (and pay for) new promotions, they’re also requiring them to serve new products, extend operating hours and hand over more of their profits.

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