Expansion News-IHOP, Burger King, Bojangles', Popeye's Fried Chicken and Biscuits
Glendale, California-IHOP Corp., franchisor of a chain of 1,149 family-dining units, signed a multistore development deal with Landmark Restaurant Group Inc. to develop 22 new restaurants over the next 10 years in certain areas of California, Arizona and Nevada.
Landmark, which said it plans to open several IHOPs under the agreement by the summer of 2004, is led by Joseph Anthony Kouba, who operates three IHOPs in Los Angeles. -Nation's Restaurant News
Miami-After several years of studies and negotiations, Burger King is preparing to enter Brazil, Latin America's largest market, company executives told the press.
The company, which has restaurants in 58 countries, could open its first unit in Brazil next year, when the company celebrates its 50th anniversary. The Brazilian market could handle 700 Burger King restaurants, company executives said.
McDonald's, which entered Brazil 25 years ago and now boasts 582 restaurants there, posted sales of 1.7 million reais [some $600 million] last year. -Nation's Restaurant News
Knoxville, Tennessee-Both the Bojangles' restaurant chain and Popeye's Fried Chicken and Biscuits are looking for franchisees in the Knoxville area. Popeye's has identified Knoxville as one of several areas targeted for "major growth." And Bojangles' is under new management and plans to open five to 15 locations in the Knoxville area over the next few years.
This won't be Bojangles' or Popeye's first time in Knoxville. Both operated stores here but pulled out in the mid '80s. Bojangles' Franchise Manager Byron Burns said five Bojangles' locations closed as a result of overzealous expansion plans by then-owners Horn & Hardart, a New York-based firm.
Similar chicken chains such as Kenny Rogers Roasters and Mrs. Winner's Chicken & Biscuits also didn't last long in Knoxville. Over the years, KFC has dominated the local market, but it has seen better days. -The Knoxville News-Sentinel
Entrepreneur Editors' Picks
Tory Burch Built a Brand Around Empowering Women. Now Her Foundation Is Furthering Her Mission: 'How Do We as a Company Have a Positive Impact on Humanity?'
This Founder Had to Play College Basketball in Men's Shorts and Shoes, So She Launched an Athletic Clothing Company Named After the Now 50-Year-Old Title IX Act
Is Beyoncé's 'Break My Soul' the Theme Song of the Great Resignation?
You're Probably Falling for All of Amazon Prime Day's Psychological Sales Tactics. A Marketing Professor Reveals Them — and How You Can Actually Get the Best Deal.
Comedian Paul Virzi: 'If You're Not Authentic, You Have Nothing'
Struggling to Come Up With Creative Ideas? Try Doing This.
Picking a Winning Emerging Brand Is How You Get Rich in Franchising. Here's How to Spot One.