Check out the hottest franchising headlines from the past week.
Yum Brands to List China Business on NYSE
Yum Brands Inc. is planning on listing the brand’s China business on the New York Stock Exchange. This comes after the brand announced a spinoff of the China business by the end of 2016. As of now, the stock is likely to have a dual listing on the Hong Kong Stock Exchange or be fully migrated. This will be a traditional spinoff, and existing shareholders of Yum will receive shares of the new China company.
The National Women’s Hockey League has just signed a major multi-year agreement with Dunkin’ Donuts to be the sports first corporate sponsor. This makes Dunkin’ Donuts the official coffee and quick-service restaurant of the NWHL. This corporate sponsorship is huge for the league, and may lead to further partnerships down the line.
Jack in the Box is looking to increase the company’s dine-in business. To aid in this initiative, the company is looking to remodel and update the design of their locations and add more modern elements to keep customers dining in. According to Jack in the Box CEO Lenny Comma, about 70 percent of the San Diego-based chain goes through the drive thru. This new drive to bring customers in will also be applied to its Qdoba Mexican Eats concept.
This week, Carl’s Jr. and Hardee’s launched the new Steakhouse Thickburger at participating restaurants nationwide. The steakhouse-inspired burger will feature the chains Fresh Baked Buns, a charbroiled 100 percent Black Angus beef patty topped with crispy onions strings, crumbled bleu cheese and A.1. Steak Sauce.
Doug Bostick has been promoted to VP of franchise services for Fazoli’s. In this role, Bostick will be responsible for franchise operations as well as sales and development. Bostick joined the brand in 2000.(From Fast Casual)