Subscribe to Entrepreneur for $5
Subscribe

Industry Update

Two Franchise 500 franchisors face bankruptcy.

By
This story appears in the May 2001 issue of Entrepreneur. Subscribe »

In early February, ByeByeNow.com Travel Inc. president Peter Kowal informed franchisees in the system that the travel agency had filed for Chapter 11 protection. The company's main plan now is to find a buyer for its franchise arm.

"We're operational here as the franchisor," says Kowal. "We continue to offer services. We plan on continuing those services by having more horsepower, having more resources available to us and ultimately growing [the franchise] again."

Continue reading this article -- and everything on Entrepreneur!

Become a member to get unlimited access and support the voices you want to hear more from. Get full access to Entrepreneur for just $5!

3 months free with code ZENDESK

Presented by zendesk

3 months free with code ZENDESK