"When big chains go bankrupt, their franchises can be left in the lurch or continue to profit. Of course, when corporate-owned locations close, those franchisees still operating independently have less power to negotiate discounts with suppliers. And the bad press that comes with a bankruptcy can be a blow even to franchisees with healthy businesses. Here's a look at 11 big brands that went bankrupt, and what happened next."
Links, comments, and occasional blog posts about business, entrepreneurship, and franchising.
Tuesday, August 5, 2008
After a Franchisor Files for Bankruptcy
After a Franchisor Files for Bankruptcy (Bennigan's)
"When big chains go bankrupt, their franchises can be left in the lurch or continue to profit. Of course, when corporate-owned locations close, those franchisees still operating independently have less power to negotiate discounts with suppliers. And the bad press that comes with a bankruptcy can be a blow even to franchisees with healthy businesses. Here's a look at 11 big brands that went bankrupt, and what happened next."
"When big chains go bankrupt, their franchises can be left in the lurch or continue to profit. Of course, when corporate-owned locations close, those franchisees still operating independently have less power to negotiate discounts with suppliers. And the bad press that comes with a bankruptcy can be a blow even to franchisees with healthy businesses. Here's a look at 11 big brands that went bankrupt, and what happened next."
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