Check out the hottest franchising headlines from the past week.
Bojangles’ Submits IPO Form
You may start seeing “BOJA” on the NASDAQ Stock Market LLC. Bojangles’ Inc. has filed a registration statement with the Securities and Exchange Commission related to the proposed initial public offering of its common stock. The proposed public offering is expected to consist solely of common stock offered by certain Bojangles’ stock holders. As of this time, the number of shares and the price range for the proposed offering have not been determined.
(From QSR Magazine)
McDonald’s Looks to add $5 Mega Burger
In an attempt to break into the premium burger market, McDonald’s is testing out a third-pound burger. Later in April, the world’s largest restaurant chain will be introducing beefier burgers to its menu that are similar to a discounted Angus Third Pounder. The “Sirloin Third Pound” burger will be $4.99 and the company hopes budget-conscious consumers will pay for their attempt to enter the premium burger ring.
Michael Coyne Named Potbelly CFO
Potbelly Corp. has named Michael Coyne chief financial officer, effective May 1, 2015. Coyne will be replacing former CFO Charles Talbot. Prior to taking over as CFO, Coyne was most recently senior vice president for small business at Chicago-based CAN Financial Corp.
(From Nation’s Restaurant News)
Marriott Franchisee Reveals Cyber Breach
There has been a suspected seven-month-long cyber breach in the point of sales systems at 10 Marriott International Inc. hotels. The hotel management company, White Lodging Services Corp., said the breach occurred from July 3, 2014 to February 6, 2015. Information in the breach includes names printed on customer credit and debit cards, card numbers, security codes and expiration dates. The front desks were not involved in the breach and the Merriville, Indiana-based company is looking into this further and offering complimentary one-year fraud resolution and identity protection services.
(From Business Insurance)
This week Dunkin Donuts announced a new payment method for U.S. consumers with Android devices. The company is now allowing customers with Google Wallet on their Android device to purchase and reload virtual Dunkin’ Donuts Cards within the Dunkin’ Mobile® App.
(From Market Watch)