New Zealand's Best Source of Franchising Information Since 1992

Linkedin Twitter Googleplus Facebook
for
sale
advisors
accountants consultants finance providers lawyers advisor profiles
how
to

In The News Rss-icon

Franchise Awards 2018 Results - IT’S BUSINESS TIME

posted on 10th November 2018

10 November 2018 ­– Business-to-business franchises proved there’s more to franchising than burgers when they took out the top titles at the Westpac New Zealand Franchise Awards. Once again, winners came from all round the country.

Read more

Hell drops fireworks for next year

posted on 7th November 2018

Hell is to stop home-delivering fireworks from 2019. The pizza franchise launched the concept five years ago with the idea of offering 'a whole night's worth of entertainment,' and was the only company offering a delivery service. Fireworks week has delivered record sales for the company for the past three years but, despite its success, Hell has decided that increasing public concern and negative feedback about fireworks in general means it's time to stop.


Hell's general manager Ben Cumming says the company will continue to explore the delivery of non-food items.

'We know it has created a lot of enjoyment but this year we have listened to a lot more negative feedback from the public with really legitimate concerns, mainly around safety of animals and anti-social behaviour, so balancing all of that in light of the feedback we feel it is the right thing to do and move on.'

People using fireworks irresponsibly and the distress they can cause for horses and other pets was the deciding factor to take them off the menu.

'There's always been that risk with fireworks and we've always had a bit of feedback about it but it does seem to be growing a lot. We've decided we can't ignore it, we have to listen to our customers and what people want from our company,' he said

Read more at https://www.nzherald.co.nz/...

Bill to give 'no undue preference' to franchising

posted on 30th October 2018

30 October 2018 - A new Cartel Bills report recommends that no allowances be made for franchise relationships, despite strong submissions

Read more

Confidence concerns continue for franchisors

posted on 26th October 2018

26 October 2018 - Franchize Consultants’ latest Franchising Confidence Index finds franchisors are continuing to be concerned about possible future challenges, although franchisors still remain more positive than respondents to general business surveys

Read more

Australian Franchise Awards – 2018 Results

posted on 18th October 2018

19 October 2018 – Hire A Hubby dominates Australian Franchise Awards

Read more

Mexican company seeks 75 percent of Restaurant Brands

posted on 17th October 2018

Restaurant Brands New Zealand Ltd says it has received a NZ$9.45 per share offer for up to three-quarters of its shares from Mexico-based investment firm Finaccess Capital, S.A. de C.V. As well as the NZ$881.5 million ($577.6 million) indicative cash offer, which represents a premium of about 24.3 percent to Restaurant Brands' last closing price, Reuters reports that the two firms are also discussing a full takeover.


The Board of Restaurant Brands recommends that shareholders do not take any action in respect of the Proposal unless and until Finaccess proceeds with a formal takeover offer and shareholders receive Restaurant Brands’ Target Company Statement in response to that takeover offer (including the independent adviser’s report required under the Takeovers Code).

The Proposal does not constitute a takeover notice pursuant to the Takeovers Code. Restaurant Brands and Finaccess are in discussions to seek to agree and finalise the terms of any takeover implementation arrangements which, if agreed, could result in Finaccess issuing a takeover notice to Restaurant Brands. There is no guarantee at this stage that agreement will be reached or that Finaccess will advance the Proposal to the point where a takeover notice is issued.

Finaccess is an international company with a focus on high quality businesses with growth potential, including in the global consumer retail sector. Finaccess (along with its associated entities) has significant experience in owning and operating international branded quick service and casual dining restaurants, including holding a controlling interest in AmRest Holdings SE which operates KFC, Pizza Hut, Burger King and Starbucks branded outlets and several owned brands across Europe and China.

If Finaccess does proceed to make a takeover, the offer would be subject to various conditions, including Overseas Investment Office consent and receiving consent from certain subsidiaries of Yum! Brands Inc., the owner of the KFC, Pizza Hut and Taco Bell brands franchised to Restaurant Brands.

NZX announcement

Reuters report on NASDAQ

Offer 'out of the blue'

Read more at https://www.nzx.com/announc...

Franchise Awards a chance to celebrate community involvement

posted on 15th October 2018

October 2018 – Tickets are now on sale for the Westpac New Zealand Franchise Awards 2018

Read more

US quick service chicken chain seeks local partners

posted on 11th October 2018

11 October 2018 – One of the USA’s fastest-growing chicken chains is coming to Auckland to meet potential licensees

Read more

Taranaki event - Your franchise, your future

posted on 8th October 2018

An evening event being held in New Plymouth next month is aimed at helping new and intending franchisees run better businesses

Read more

Improving franchisee performance - Auckland seminars

posted on 3rd October 2018

September 2018 - Four seminars being held in October/November are designed to help franchisors improve the performance of franchisees, and provide a foundation in franchise management for new franchisors and franchise executives.

Four seminars being held in October/November are designed to give franchisor teams the tools they need to help franchisees get the most out of their businesses.

The sessions, run by multi-award-winning Auckland experts Franchize Consultants, are designed to respond to real-life challenges and help answer real-life questions. They are facilitated by two of the company's most experienced consultants: Michelle Bentham, who has many years of operational experience with McDonald’s and Subway; and Dr Callum Floyd, who has led franchise system development and improvement projects for local and international franchises across a range of business sectors.

They cover:

  • Franchise field support visit training
  • Improving franchisee performance
  • Managing a franchise system
  • Franchisee business planning for field managers

Find out more here.

 

Read more at https://franchise.co.nz/art...

Franchise’s topping response to Aussie needle sabotage

posted on 21st September 2018

Updated 24 September 2018 – The Cheesecake Shop franchisees are taking action to safeguard consumers while supporting strawberry farmers affected by saboteurs

Read more

Joint employment status – latest

posted on 19th September 2018

20 September 2018 - A proposed ruling from the USA on responsibility of franchisors for staff employed by franchisees could help influence international thinking on the issue

Read more

Suffrage 125 - Celebrating women in franchising

posted on 19th September 2018

19 September 2018 – As New Zealand celebrates Suffrage 125, we take a look at the success of women in franchising

Read more

Franchisors take action on cheating franchisees

posted on 18th September 2018

18 September 2018 – Two more franchisees found guilty of historic wage and visa breaches have lost their businesses

Read more

Top tips for dealing with bad press

posted on 17th September 2018

17 September - We share tips from a free webinar aimed at helping franchisors be prepared when an issue erupts in the media.

Read more

Macca's McVegan burger on the rise

posted on 10th September 2018

September 2018 - Last year, McDonald's teamed up with a Swedish food company to create a non-meat burger patty. In a country where 1 in 10 Swedes is now vegetarian or vegan - and 1 in 5 of the under-30s - it was an important step in bridging the gap between the ethical and health concerns of the vegetarian population and the reputation of fast-food itself. It was also important to have something to address a potentially declining market for the company's other products.


Here's a story from the BBC that looks at the reasons behind the McVegan Burger - and tastes it, too. Is it any good, and will it be expanding beyond the borders of Finland and Sweden any time soon? Read the article and listen to the interview.

“When you have meat as a base, the meat itself has a taste,” says Karl-Johan Freelander, product developer at Orkla. “When it comes to soy protein, the little taste it has… it’s not a very pleasant taste to be honest.”

To mitigate the blandness, Freelander pressed the soy protein together with flavourful onions, peppers and tomato powder – which gives it a uniquely red colour.

But Freelander says the secret to the McVegan’s hearty taste is something called umami. “Umami is what you often call the fifth flavour,” he says. “It’s the flavour of the savoury.” In place of real meat, Friedlander was able to mimic the umami sensation with ingredients like mushroom powder.

Read more at http://www.bbc.com/capital/...

New FANZ Chairman knows franchising inside-out

posted on 6th September 2018

6 September 2018 – The Franchise Association’s new chairman has 20 years’ experience of all sorts of different franchise systems

Read more

No more straws for The Coffee Club

posted on 6th September 2018

6 September 2018 - The Coffee Club is removing plastic straws from its 63 cafes across New Zealand and replacing them with paper straws

Read more

Starbucks sold after years of struggle

posted on 3rd September 2018

Publicly-listed Restaurant Brands has sold the New Zealand licence for Starbucks to a new private company after seeing the brand decline here from a peak of nearly 50 outlets to just 22. Restaurant Brands, which runs Pizza Hut, KFC and Carl's Jr. here as well as having overseas interests, blamed New Zealand's strong coffee culture and the fact that it was competing against some very strong brands for Starbucks poor performance here compared to the USA.


Starbucks has never been franchised in New Zealand.

Two of the directors of a company taking over the Starbucks licence in New Zealand were also behind the recent takeover of Kiwi footwear company Hannahs.

Experienced directors John Elliott and Roger Harper are two of the three directors of Tahua Capital, which was specially set up to take over the coffee chain's operation from current licence holder, Restaurant Brands.

Tahua is a third owned by Maestro Cafes, and the rest by passive investors. The third director is Anthony Carter.

Restaurant Brands' licence to run the cafes expires in October. Tahua will pay for up to $4.4 million for the fitout and stock, and will seek to take over the leases with hopes of expanding the chain.

Read more at https://www.stuff.co.nz/bus...

Holidays Act review paper published

posted on 30th August 2018

30 August 2018 - The Holidays Act Taskforce has released an Issues Paper (download here) which sets out the Taskforce's understanding regarding the key issues faced by employers, employees and payroll providers in trying to implement the Act. Submissions are invited on the questions raised in the Issues Paper by 12 October.


Problems with how the Holidays Act is understood and interpreted have led to several companies, including franchisees of some well-known brands, having been found to have under-paid staff. The Government has responded to calls to make complying with the Act easier for all concerned by setting up the Taskforce.

The Holidays Act 2003 sets out the minimum entitlements to holidays and leave, and payment for them, that employers are obliged to provide to their employees.

It is an Act that touches the lives of every employee in New Zealand. Its purpose is to promote balance between work and other aspects of employees’ lives by providing minimum entitlements to annual holidays, public holidays, sick leave and bereavement leave.

However, it has become evident in recent years that widespread non-compliance with the current Act is affecting employers and employees right across the New Zealand economyand is costing employers and employees significant sums of money. 

To address this, in May 2018, the Minister of Workplace Relations and Safety established a Taskforce to review the Holidays Act 2003 (the Act) and recommend changes.

The tripartite Taskforce, which includes employer, employee and government representatives, offers the opportunity to work together to find a better solution.



Read more at https://www.mbie.govt.nz/in...

Rss-icon Get the latest franchising news in your browser or syndication programme
You can subscribe to our news feed using RSS. Need to know more? Read up on RSS at www.whatisrss.com

 

Free

Fnz-2703-cover-1000

Send for your free copy of our printed magazine, New Zealand's most respected,
comprehensive
guide.


PUTTING PEOPLE in BUSINESS