McDonald’s to open 1,900 new stores in 2023; eyes big growth in China
More than 900 of the new units will be in China, and 400 of the new units will be in the United States and in McDonald’s internationally operated markets.
Black Sheep Coffee from the U.K. comes to U.S. with debut in Dallas
Kristaps Porzingis, former Mavericks NBA player, has invested in the company and is one of its top brand ambassadors.
CRISP & GREEN inks largest multi-unit deal in company history with 40-units sold across seven states
The company signed a record-breaking 40-unit development deal with franchise partner Rory Kelly.
Smoothie King reports accelerated development in 2022 with over 160 stores added to pipeline
More than half of the signed agreements are with existing franchisees, who helped contribute to the company’s $618 million in systemwide sales and remain a driving force behind Smoothie King’s expansion. In addition to bolstering its development pipeline, Smoothie King opened 77 new stores in 2022 in key target markets, including Albany, New York; Cleveland, Ohio and Washington, D.C.
Aldi supports Gulf Coast expansion with new regional HQ and DC; plans 100 stores
Aldi currently operates 30 stores in the Gulf Coast, having opened 20 stores in the area last year.
Driven Brands opens 10th Take 5 Oil Change and Car Wash co-development
The company signed their 1,000th franchise license in December 2022 and is on track to double its footprint over the next 3-4 years.
Shipley Do-Nuts continues rapid expansion, entering three new states
The company opened 14 new locations in 2022 and inked 11 multi-unit franchise deals that add a total of nearly 100 shops to its new store pipeline.
Brinker (EAT) – Earnings Report The company reported a 9.7% increase in companywide same-store sales. Chili’s and Maggiano’s same-store sales increased 8.0% and 21.2%, respectively.
