LunchboxWax Announces Partnership with Universal Co

LunchboxWax

A lot of thought goes into the après-wax products at LunchboxWax. Thanks to a new partnership with the nation’s largest beauty product distributor, Universal Companies, products like BodyWhip will reach even more customers in a more consistent and cost-effective way.

Leaders of LunchboxWax, one of the fastest-growing speed-waxing salon franchises in the nation, say the partnership with Universal Companies will improve procurement, distribution, product development, and reduce costs for franchise owners.

“We’re excited about this partnership because it will offer franchisees a broader product range, as well as improve the selection of branded retail products that LunchboxWax guests can enjoy at home,” said LunchboxWax COO Christo Demetriades.

Recently ranked number 46 on Entrepreneur Magazine’s list of Top 100 New Franchises, LunchboxWax currently has 40 locations across the country and is positioning itself for international growth as early as 2019, according to Demetriades.

“We love that Universal shares our commitment to being a socially conscious business,”

About LunchboxWax-

LunchboxWax is a boutique speed-waxing franchise catering to men and women who are mindful about the businesses and people they choose to perform personal services. Founded as a culture-first business by Debi Lane in Boise, Idaho, in 2010, LunchboxWax began awarding franchises in 2013, and today has 40 salons across the country.

 

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How Trump Gives The Franchise Industry Needed Relief

President trump, US Capital , washingaton DC

 

President Trump has provided the franchise industry long sought relief from an Obama administration ruling that has beleaguered the industry for the past several years. In the 2015 Browning-Ferris Industries of California, Inc. decision, the Obama administration, NLRB Board overturned years of precedent by stating that to be considered a joint- employer, a company would not need to have direct and immediate control over the employment of its workers. In the Browning-Ferris decision, the NLRB said joint employment could also exist when companies have only “indirect or unexercised control” over workers. Under this NLRB ruling, the rule was relaxed whereby, the sharing and supervision of franchise employees could be interpreted more broadly.

Joint employment is the sharing of the control and supervision of an employee’s activities among two or more business entities. For example, about franchising, it would mean that McDonald’s would share the hiring and supervision of franchise employees with its franchisees. Which it does not do.

The issue of a joint employer has been a major concern for franchisors. The rule was one of the regulations enacted during the Obama administration that President Trump wanted to eliminate. The International Franchise Association and many franchisees have been lobbying since the 2015 ruling, to have the NLRB reverse that decision. A major area of concern was that the ruling could invite a deluge of lawsuits and claims against franchisors and franchisees and create uncertainty throughout the entire franchise industry.

For example, McDonald’s was a target of the giant SEIU labor union since a company found to be a joint employer under the Obama NLRB decision, could be required to bargain with unions and held liable for labor law violations by, its franchisee’s employees. A trial with McDonald’s over the joint employer issue that started over 2-1/2 years ago could be ended because of the new ruling.

 

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The Subway 2018 Franchise Owners Of The Year

Introducing the Subway® 2018 Franchise Owners of the year And Business Development Agents of the year

Subway®, the world’s largest sandwich chain, announces the recipients of its 2018 Franchise Owners of the Year and Business Development Agents of the Year awards during the company’s annual convention in Washington, DC.

The brand recognized eight Franchise Owner teams and three teams from its Business Development Agent community for their commitment to operational excellence, leadership in the industry and delivering an exceptional experience to every guest who walks in their restaurants.

 

“Each Franchise Owner and Business Development Agent is an entrepreneur and partners that has helped build our brand into the world’s best restaurant chain,” said Current CEO Trevor Haynes. “We know the best ideas often come from those who work closest to bring an exceptional experience to our guests each and every day. We are excited to collaborate with Franchise Owners and Business Development Agents around the world to continue setting an innovative path for the brand and to maintain our status as one of the world’s most favorite brands.”

The Subway brand has more than 21,000 franchisees, who engage with millions of customers around the world each day.

The 2018 Subway Franchise Owners of the Year are:

  • Brenda Aranda, Chicago, Ill
  • Mohammad Hannan, Washington, DC
  • Refined Holding Limited, London, England
  • Love’s Travel Shops & Country Stores Inc., Oklahoma City, OK
  • Danilo Araujo Gomes Martins, Lorena Carvalho Monteiro, Andre Correa Carvalho Pinelli and Wesley da Silveira Torres from Belo Horizonte, Brazil
  • Johannes Jansen, Maastricht, Netherlands
  • Sanjucta Kumar, New Delhi, India
  • Hemal Shah and Vibha Shah, Mumbai, India

Subway Business Development Agents, who are usually Franchise Owners themselves, create teams in their markets to work with Franchise Owners on a wide range of tasks – from food safety and appearance to new product launches and brand initiatives. In their role, they help franchisees operate exceptional and profitable sandwich shops.

The 2018 Subway Business Development Agents of the Year are:

  • Chetan Arora, Bobby Gulri and Robby Gulri, India
  • Jennifer Garana and Michael Ku, South Korea
  • Mike Lopez and Scott Ritchie, Canada

About Subway® Restaurants-

The Subway® 2018 Franchise Owners Subway offers a fresh alternative to traditional fast food, serving 7 million made-to-order sandwiches a day. Guests choose from 4.9 billion combinations of quality proteins, fresh vegetables, and bread baked daily. The world’s largest restaurant chain serves nutritious and delicious subs, soups, and salads at about 44,000 restaurants in more than 100 countries. The Subway experience is also delivered online at Subway site portal and through the Subway® App, available in select markets at the Apple App Store and Google Play.

Founded by then 17-year-old Fred DeLuca and family friend Dr. Peter Buck more than 53 years ago, Subway is still a family-owned business, working with more than 21,000 dedicated Franchisees in communities around the world.

 

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The Subway 2018 Franchise Owners Of The Year

Introducing the Subway® 2018 Franchise Owners of the year And Business Development Agents of the year

Subway®, the world’s largest sandwich chain, announces the recipients of its 2018 Franchise Owners of the Year and Business Development Agents of the Year awards during the company’s annual convention in Washington, DC.

The brand recognized eight Franchise Owner teams and three teams from its Business Development Agent community for their commitment to operational excellence, leadership in the industry and delivering an exceptional experience to every guest who walks in their restaurants.

 

“Each Franchise Owner and Business Development Agent is an entrepreneur and partners that has helped build our brand into the world’s best restaurant chain,” said Current CEO Trevor Haynes. “We know the best ideas often come from those who work closest to bring an exceptional experience to our guests each and every day. We are excited to collaborate with Franchise Owners and Business Development Agents around the world to continue setting an innovative path for the brand and to maintain our status as one of the world’s most favorite brands.”

The Subway brand has more than 21,000 franchisees, who engage with millions of customers around the world each day.

The 2018 Subway Franchise Owners of the Year are:

  • Brenda Aranda, Chicago, Ill
  • Mohammad Hannan, Washington, DC
  • Refined Holding Limited, London, England
  • Love’s Travel Shops & Country Stores Inc., Oklahoma City, OK
  • Danilo Araujo Gomes Martins, Lorena Carvalho Monteiro, Andre Correa Carvalho Pinelli and Wesley da Silveira Torres from Belo Horizonte, Brazil
  • Johannes Jansen, Maastricht, Netherlands
  • Sanjucta Kumar, New Delhi, India
  • Hemal Shah and Vibha Shah, Mumbai, India

Subway Business Development Agents, who are usually Franchise Owners themselves, create teams in their markets to work with Franchise Owners on a wide range of tasks – from food safety and appearance to new product launches and brand initiatives. In their role, they help franchisees operate exceptional and profitable sandwich shops.

The 2018 Subway Business Development Agents of the Year are:

  • Chetan Arora, Bobby Gulri and Robby Gulri, India
  • Jennifer Garana and Michael Ku, South Korea
  • Mike Lopez and Scott Ritchie, Canada

About Subway® Restaurants-

The Subway® 2018 Franchise Owners Subway offers a fresh alternative to traditional fast food, serving 7 million made-to-order sandwiches a day. Guests choose from 4.9 billion combinations of quality proteins, fresh vegetables, and bread baked daily. The world’s largest restaurant chain serves nutritious and delicious subs, soups, and salads at about 44,000 restaurants in more than 100 countries. The Subway experience is also delivered online at Subway site portal and through the Subway® App, available in select markets at the Apple App Store and Google Play.

Founded by then 17-year-old Fred DeLuca and family friend Dr. Peter Buck more than 53 years ago, Subway is still a family-owned business, working with more than 21,000 dedicated Franchisees in communities around the world.

 

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Sachin Tendulkar sells his entire stake in ISL Franchise

Sachin Tendulkar sells his entire stake in Indian Super League football franchise Kerala Blasters-

Sachin Tendulkar sells his entire stake in Indian Super League, Football, sachin tendulkar

 

Cricket icon Sachin Tendulkar sold his entire 20 per cent stake in Indian Super League football franchise Kerala Blasters (KBFC) for an undisclosed amount after an over four-year association. Tendulkar has been associated with the franchise since its inception in 2014.

The Master Blaster’s stake in Kerala Blasters was bought by the existing shareholders- IQuest, Chiranjeevi and Allu Arvind – who together hold the remaining 80 per cent stake in the franchise. They have entered into a definitive agreement to acquire Sachin Tendulkar’s 20 per cent stake in the club.

“Sachin has been a great support and we thank him for his immense contribution to KBFC. He will forever be a member of the Yellow Army. As it has been, we will continue to uphold and take forward, the spirit of the sport, spirit of the fans and the spirit of Kerala,” the Indian Super League (ISL) outfit said in a statement.

For the last two days, a section of the media had speculated that hat UAE-based businessman M.A. Yusuf Ali has bought Sachin’s stake. However, the statement said that “any other news regarding the shareholding is purely speculative in nature.”

The former Indian cricket team captain had bought the Kochi-based franchise back in April 2014 along with entrepreneur Prasad V. Potluri. In 2015, Potluri and his company PVP Ventures sold off their stakes and Tendulkar had then become 40 per cent stakeholder in the franchise. In 2016, Prasad along with the heavyweights of Southern film industry joined forces with Tendulkar to support the team.

According to reports, they bought the 60 per cent stake in Kerala Blasters along with an additional 20 per cent stake from Tendulkar.

 

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Louvre Hotels partners Orange Tiger for Kyriad in India

Louvre Hotels partners,

 

Europe’s Louvre Hotels Group (LHG) has partnered Indian firm Orange Tiger Hospitality (OTH) to introduce its new brand ‘Kyriad’ in the country.

DNA Money had first reported LHG’s India plans for Kyriad in its March 16, 2018, edition.

Saurabh Chawla, global chief development officer, LHG, told DNA Money, “As part of the master franchise agreement, OTH will be responsible for operating and managing Kyriad branded hotels in India and the Indian sub-continent i.e, Nepal, Sri Lanka, Bangladesh, Bhutan, Maldives, Pakistan and Mauritius. LHG also plans to use a similar master franchise route to introduce its two other brands viz. Première Classè and Campanile in the Indian market over the coming years.”

The master franchise with OTH is for a 15-year tenure and will see the Indian partner launch eight hotels that are already being branded Kyriad or are in the process of being brought under the Kyriad portfolio.

Abhijeet Shrivastava, chief operating officer, Orange Tiger Hospitality Pvt Ltd, said, “We are in advanced stages of negotiations with another seven to eight hotels and should be able to onboard them soon. The Kyriad portfolio by end of fiscal 2019 will comprise 15 hotels. Thereafter, we are targeting an annual run rate of eight new hotels under the Kyriad brand for the next two-three years.”

A full-service, mid-scale brand featuring 30 to 90 guest rooms, the hotels will charge anything between Rs 3,000 and Rs 8,000 for a night’s stay depending on the markets. Existing Kyriad branded hotels are located in Tamil Nadu (2), Karnataka (2), Goa (1), Pune (1) and Kolhapur (1). “Most of these are new hotels and the additions in this fiscal will also be new hotels,” said Shrivastava.

A homegrown hotel management company, OTH currently manages all Citrus hotels in India. With the owners of brand Citrus, O P Goenka, chairman of the Mirah Group, going through a financial crisis, it is likely that individual hotel owners will gradually move out of the Citrus network. It is unclear at this stage whether all these individual hotel asset owners will join the Kyriad portfolio.

“To convert them or not is a business call that will have to be taken eventually in consultation with LHG. Going forward, our focus will be on Kyriad brand. It will be an individual choice and we will leave the option open to the owners of those hotels and take a call accordingly,” said Shaleen Mathur, president – sales, OTH.

Launched in 2001, there are 261 Kyriad branded hotels operating in the three- to four-star category and are present in markets like Europe, France, Indonesia, China, Africa, Middle-East and India.

A subsidiary of Jin Jiang International Holding Co Ltd, which is the fifth largest hotel group in the world, LHG had in January 2017, picked up a majority stake in Indian hotel chain Sarovar Hotels & Resorts. Sarovar currently operates 77 hotels across the India and Africa. The European hospitality major’s India presence also includes 27 hotels under the Royal Tulip, Golden Tulip and Tulip Inn brands.

In all, LHG currently operates 2,653 hotels across 54 countries. The brands being offered include Hotels & Preferences, Royal Tulip, Golden Tulip, Metropolo, Campanile, Sarovar Hotels & Resorts, Kyriad, Tulip Inn, Jin Jiang Inn and Première Classè.

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How to get a McDonalds Franchise in India?

How much will it cost you & who to contact-

McDonalds Franchise in India, Mcdonald's, Franchise of mcdonald's

Mcdonalds franchise in india -Franchising your business is a demonstrated course to quick growth. Be that as it may, turning into a franchisor is not a programmed ticket to achievement, particularly in this testing economy. Talk about an easy win! McDonald’s restaurants are among the most identifiable brands in the whole world. The McDonald’s Golden Arches logo has ended up a standout amongst the most omnipresent marketing symbol ever. Since 1940, when McDonald’s Corporation initially opened as a grill restaurant, then a hamburger stand, it has developed into the biggest chain of hamburger fast-food restaurants on the planet.

McDonald’s has been a franchising organization since 1955, and has depended on its franchisees to assume a noteworthy part in the framework’s success.

Authorities Involved
McDonalds franchise has been giving the development licensee status and in India which is as of now in the hands of two entrepreneurs Amit Jatia, Vice Chairman, Hardcastle Restaurants Pvt. Ltd for West and South India and Vikram Bakshi‘s Connaught Plaza Restaurants Private Limited for North and East India.

McDonald’s Franchise Disclosure Document

Before you settle on the choice to open a McDonald’s franchise, you need to look over a copy of their Franchise Disclosure Document (FDD). This is a 375 page documents that gives a broad outline of the rights and responsibilities of a McDonald’s franchise proprietor.
It contains fundamentals of cost, area, training, operations, and the progressing expenses required in working a McDonald’s franchise. The document contains a great deal of lawful and business terms, so on the off chance that you don’t have a broad foundation in law or business you might need to employ a business or corporate lawyer to help you interpret the FDD. You need to ensure you completely comprehend your rights and responsibilities before focusing on a franchise.

 

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All You Need To Know About- Franchise Business?

franchisee, franchise business

A franchise business is a business in which the owners, or “franchisors”, sell the rights to their business logo, name, and model to third party retail outlets, owned by independent, third party operators, called “franchisees”. Franchises are an extremely common way of doing business. In fact, it’s difficult to drive more than a few blocks in most cities without seeing a franchise business. Examples of well-known franchise business models include McDonalds, Subway, UPS, and H & R Block. In the United States, there are franchise business opportunities available across a wide variety of industries.

Investing in a Franchise Business

To invest in a franchise, the franchisee must first pay an initial fee for the rights to the business, training, and the equipment required by that particular franchise. Once the business begins operating, the franchisee will generally pay the franchisor an ongoing royalty payment, either on a monthly, quarterly, or annual basis. This payment is usually calculated as a percentage of the franchise operation’s gross sales.

After the contract has been signed, the franchisee will open a replica of the franchise business, under the direction of the franchisor. The franchisee will not have as much control over the business as he or she would have over their own business model, but may benefit from investing in an already-established, name brand.

Control of the Franchise

franchise business

 

Generally, the franchisor will require that the business model stay the same. For example, the franchisor will require the franchisee to use the uniforms, business methods, and signs or logos particular to the business itself. The franchisee should remember that he or she is not just buying the right to sell the franchisor’s product, but is buying the right to use the successful and tested business process.

The franchisee will also usually have to use the same or similar pricing in order to keep the advertising streamlined. For example, if you saw an advertisement for $75 tax preparation from a well-known tax preparation franchise, you would expect to find this deal at the franchise operation closest to you. Aside from using the business model determined by the franchisor, the franchisee will otherwise remain an independent owner of the franchise.

While there are many benefits to investing in an already-successful franchise business model, there are drawbacks as well. As with any investment you make, you should do your research thoroughly before you make any franchise purchasing decisions. If you are considering buying into a franchise, you should contact an experienced franchise attorney for further assistance.

 

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Housefull 4:Is This The Aakhri Edition Of The Franchise?

Housefull 4

 

The laughter riot is making its way back! As we already reported, Housefull 4 is in the making. While we are quite sure Sajid Nadiadwala and the team are weaving magic, their latest post also makes us wonder if this is going to be the last part of the franchise.

Chunky Panday and his ‘mamma mia’ add such an unforgettable flavour to his aakhri pasta every time and we thoroughly relish it. Really hoping this is not the last serving!

The team is presently filming in Rajasthan. Ranthambore national park witnessed quite some action before they moved to Jaisalmer Palace and are reportedly set to shoot some funny war scenes. And well, they had pasta for dinner too!

While old Housefull members Akshay Kumar and Riteish Deshmukh remain, Abhishek Bachchan is not a part of the madness this time. As far as female actors are concerned, we have two Kritis on board! Both Kriti Sanon and Kriti Kharbanda are having a lot of fun shooting for this one.

We hear the film is based on the theme of reincarnation this time. Given how it never failed to tickle our ribs, this should be no exception.

Housefull 4 is tentatively slated to release on 26th October 2019.

 

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Before PNB fraud: Nirav Modi, Choksi left 18 businessmen, 24 firms bankrupt

Eighteen businessmen and 24 firms who had taken the franchise of Modi and Choksi’s jewellery brand ended up filing criminal complaints of financial bankruptcy.

The Punjab National Bank (PNB) and other public sector lenders aren’t the only entities that got hit by Nirav Modi and Mehul Choksi, in a Rs 114 billion fraud that was unearthed at PNB recently. Over two dozen firms and 18 businessmen who had taken franchise of Nirav Modi and Mehul Choksi’s jewellery brand between 2013 and 2017 also reportedly found themselves at the receiving end of frauds committed by the duo — with the cases involving amounts upto Rs 200 million (Rs 20 crore).

Eighteen businessmen and 24 companies who had taken the franchise of Modi and Choksi’s jewellery brand between 2013 and 2017 ended up filing criminal complaints of financial bankruptcy caused by breach and fraud committed by the duo, the Times of India reported. The concerned businessmen and firms, the report added, had set up franchise showrooms of Choksi-owned Gitanjali Jewellery and Gili across several cities and regions: Delhi, Agra, Meerut, Bengaluru, Mysuru, Karnal, and parts of Gujarat and Rajasthan.

Based on records accessed by it, the national daily reported that the first information reports (FIRs) filed in all the aforementioned cases dealt with criminal conspiracy, fraud, and violation of agreement by Choksi’s firms.

According to the records, even after taking security deposits between Rs 30 million (Rs 3 crore) and Rs 200 million (Rs 20 crore) from the franchisees, Choksi’s firms violated agreements and committed fraud in sending stocks of diamond and precious gems to the former.

How did Choksi’s firms cheat these businessmen?

According to the report, under the three-year contract signed between Choksi’s firms and the franchisees, a fixed minimum guarantee commission at 12 per cent per annum on the security deposit, apart from the rental for the jewellery showroom, was mandated to be paid by Choksi.

However, the franchisees soon found violations: That Gitanjali would not replenish the stock, send items that were priced much lower than the market rates, or not pay the agreed upon rental.

Who all got caught up in the fraud?

Vaibhav Khurania, a Delhi-based businessman who had opened a retail store in Rajouri Garden, had to shut shop after Gitanjali allegedly failed to send him stocks worth Rs 30 million (Rs 3 crore) after having taken the payment, the national daily reported. The report quoted one particular FIR as saying: “In fact, they sent those items of which the market price was much less, but the showroom price was 3-4 times more of the actual price.”

Larger sums were also involved in these alleged frauds. Accessing FIRs filed in Karnataka in 2015, the national daily reported that one Hari Prasad failed to get Rs 50 million (Rs 5 crore) rental for his showroom to sell Gitanjali jewellery.

Income tax department sources told the daily that tax sleuths were evaluating the liabilities, investments, and profit before and after tax by Choksi’s firms.

Modi, Choksi continue to abscond

Nirav Modi, who is alleged to have carried out fraudulent transactions worth over Rs 114 billion (Rs 11,400 crore) with the Punjab National Bank, left the country in the first week of January, according to agency reports.

The 46-year old, who holds an Indian passport, reportedly left India on January 1, while his brother Nishal, a Belgian citizen, departed from the country on the same day, the reports added.

Modi’s wife Ami, a US citizen, reportedly left on January 6 and his uncle and business partner Mehul Choksi, the promoter of Gitanjali jewellery chain, left on January 4, officials told news agencies.

Last week, the CBI registered a fresh FIR against the Gitanjali Group promoted by Mehul Choksi, uncle of billionaire jeweller Nirav Modi, following a complaint from PNB, and also approached the Interpol to locate them.

According to agency reports, officials said the fresh FIR was based on a complaint from PNB dated February 13. According to the complaint, the alleged loss to PNB was over Rs 48.86 billion, they said.

 

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