Author

Katie Lee

franchise developmentIndustry Voicesjan/sanrestaurantsvendors

Future of the Franchise

by Katie Lee

— By Tim Conn — 8 tips to appeal to Gen Z and future franchisees. Franchising has long been a successful business model, offering entrepreneurs the opportunity to own a business with an established brand and built-in support system. As the economic landscape evolves, the demographic that franchise owners must appeal to is also shifting. Generation Z, those born between 1997 and 2012, is emerging as a powerful consumer group and a growing pool of future franchisees. It’s imperative that current franchise owners understand and adapt to the values, preferences …

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Industry Voicespaintingvendors

Power of Paint

by Katie Lee

— By Greg Pittman — How exterior painting enhances curb appeal and draws in customers. The visual appeal of the outside of a business can play an integral role in attracting customers and ensuring its success. One of the most effective ways to enhance curb appeal that business owners tend to look is through exterior painting. Regardless of the type of business you’re running — whether a restaurant, retail store, medical facility, educational institute, fitness center or hotel — the building’s exterior is the first impression for the passersby. It …

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green newskitchen exhaust/grease controlNewsrestaurantsvendorswaste management/recycling

Filta Converts Over 1 Billion Pounds of Cooking Oil into Biodiesel Fuel

by Katie Lee

Orlando, Fla. — Filta Environmental Kitchen Solutions (Filta), an industry leader in providing efficient, environmentally forward services to commercial kitchens, has reached a significant milestone: the recycling of 1 billion pounds of used cooking oil into biodiesel fuel. This achievement underscores Filta’s commitment to sustainability and its innovative solutions that have transformed tens of thousands of commercial and restaurant kitchens across North America since the brand began franchising in 2002. Filta’s unique service model enhances commercial kitchen operations by micro-filtering cooking oil, deep cleaning fryers and offering bin-free waste oil …

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energy managementgreen building/LEEDgreen newsHVAC/RNewsretailers

ALDI Among the First Grocers with SBTi-Validated Net-Zero Emissions Targets

by Katie Lee

Batavia, Ill. — ALDI SOUTH Group has a goal to reach net-zero greenhouse gas (GHG) emissions across its entire value chain by 2050, making it one of the first international grocery retailers with net-zero emissions targets validated by the Science Based Targets initiative (SBTi). SBTi is a corporate climate action organization that enables companies to play their part in combating the climate crisis and set GHG emissions reduction targets in line with what is needed to mitigate global warming. As a part of ALDI SOUTH Group and one of America’s …

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construction and designfranchise developmentNewsremodelsrestaurants

FAT Brands to Convert 30 Smokey Bones Restaurants into Twin Peaks

by Katie Lee

Los Angeles — FAT (Fresh. Authentic. Tasty.) Brands Inc., a leading global franchising company and parent company of 18 brands including Twin Peaks, has opened the first converted Smokey Bones location to Twin Peaks in Lakeland, Fla. Since acquiring Smokey Bones last year, FAT Brands has identified a select number of Smokey Bones locations to convert to its fastest-growing brand, Twin Peaks. The global restaurant franchising company has identified this strategy as a key growth pillar for the brand and currently has a pipeline of approximately 30 Smokey Bones locations …

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green newsNewsretailerssupply chain

Ahold Delhaize USA and General Mills Collaborate to Decrease Value Chain Emissions

by Katie Lee

Salisbury, N.C. and Minneapolis — Recognizing the importance of collaboration across the value chain, Ahold Delhaize USA and General Mills have teamed up to create an innovative approach to address Scope 3 greenhouse gas emissions within their shared value chain. Through co-investments in priority supply sheds — or geographic growing regions where key ingredients are sourced — the two companies will support farmers as they adopt regenerative farming practices. Utilizing expertise from Ecosystem Services Market Consortium (ESMC), a nonprofit member-based consortium, farmers will receive technical and financial support to implement …

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Newspeoplerestaurants

Red Lobster Exits Bankruptcy; New CEO is Named

by Katie Lee

Orlando, Fla. — In mid-September, The Red Lobster® restaurant chain exited Chapter 11 restructuring following the company’s acquisition by a new owner: RL Investor Holdings LLC. RL Investor Holdings is an entity created by funds managed by affiliates of Fortress Investment Group LLC, alongside co-investors TCW Private Credit and Blue Torch. “Red Lobster is now a stronger, more resilient company, and today is the start of a new chapter in our history,” says Damola Adamolekun, the new CEO of Red Lobster. “From the opening of our first restaurant in 1968, …

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Newsproperty managementretailers

Mexico Footwear Retailer to Open First U.S. Store

by Katie Lee

Los Angeles — JLL has signed Groupo Innovasport to a new lease for 7,500 square feet of space (currently occupied by Hollister) in the Third Street Promenade area of Santa Monica, Calif. Mexico-based Grupo Innovasport will open its U.S. flagship store for Culto, which features specialty footwear. The store is expected to open in first quarter 2025. Culto is the latest addition at Third Street Promenade, joining Google Store which recently inked a new deal. Latest openings in the popular destination include Pickle Pop, Barnes & Noble, Wilson Sporting Goods …

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construction and designfranchise developmentNewsrestaurants

Scooter’s Coffee to Open First West Virginia Location, Will Expand in 3 More States

by Katie Lee

   Omaha, Neb. — Scooter’s Coffee, LLC, the Midwest-based drive-thru coffee franchise experiencing record-breaking growth, plans to open five new coffee kiosks in four different states — the result of new franchise agreements signed in August — including its first location in the state of West Virginia. The new signings in West Virginia, Alabama, Minnesota and Wisconsin are the latest boost to the Scooter’s Coffee‘s network of more than 800 stores in 30 states as the brand strives to become the #1 drive-thru specialty coffee franchise system in the nation.  …

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Newspeopleretailers

Target Names New Chief Financial Officer

by Katie Lee

Minneapolis — Target Corporation has named Jim Lee as chief financial officer, effective Sept. 22. He will be responsible for financial planning and analysis, finance capabilities, internal audit, accounting, investor relations, treasury, tax, risk, financial products and services and corporate development. He succeeds COO Michael Fiddelke.  “As a successful leader in finance and strategy, Jim will oversee the central role our finance team plays in fueling our long term profitable growth,” says Brian Cornell, chair and CEO, Target. “With decades leading core finance functions and nurturing growth, Jim will complement …

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