"franchise" news and stories

If you step into a Panera in southern California in the next few years, there's a decent chance that the franchise might be owned by NFL star Keyshawn Johnson.

Panera recently announced the plan for the development of 12 new franchise locations in a partnership with Johnson's First Picks Bread Company, LLC.

Currently a wide receiver for the Dallas Cowboys, Johnson has owned restaurants in Beverly Hills and Tampa in addition to a chain of Coldstone Creamery locations in Dallas.

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A few days ago we mentioned that Krispy Kreme was revoking the licence of its Southern California franchisees, which would cause 28 stores to close. Today, however, Krispy Kreme announced that it had reached an agreement with its franchisee and was reinstating their liscence to operate the stores. The stores had refused to pay royalty or brand fees and contribute to the marketing and advertising fund for the brand. They have been involved in a lawsuit with Krispy Kreme since September of last year, accusing the company of misappropriating franchisee funds and overcharging for equipment and supplies.

As part of the agreement, the franchise has agreed to resume payment of the brand and royalty fees and Krispy Kreme has agreed to resume shipment of ingredients to the stores, which will continue to operate.

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