Little Caesar Selling 500 Stores
Detroit-Little Caesars Enterprise Inc. plans to sell 500 of its 4,000 stores to franchisees, leaving it with just 50 to 100 company-owned outlets. The sales are expected to be completed shortly and are part of Manage to Own, a five-year plan announced in January that gives Little Caesars managers the opportunity to buy their own restaurants and will enable to company to become mainly a franchise operation. -Associated Press
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