Franchise News
Revlon Re-Structuring: Cosmetic Maker Leaving China; Eliminating 1,100 Positions
Revlon is leaving China, and reducing its employees by 1,100. Revlon is leaving China in a move that will eliminate 1,100 positions, and allow the make-up company to keep $11 million a year Reuters reported Tuesday.
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Cracker Barrel Declines Assistance From Top Investor 'Biglari'
Cracker Barrel turned down help from a top shareholders, Sardar Biglari. Cracker Barrel Old Country Store declined an offer to help the company move forward The Wall Street Journal reported Monday.
Crocs Major Events: CEO Retires, Blackstone to Invest $200 Million in Shoe Company
Crocs CEO John McCarvel is retiring and Blackstone is putting $200 million into the company. Blackstone Group announced plans to put $200 million into Crocs as John McCarvel steps aside April 14 as the shoe company's CEO the company said in a press release Sunday.
Mondolez International's Snackwell's Brand to Join Brynwood Partner's Back to Nature Company
Mondolez International's Snackwell's entity will become part of Brynwood Partners. Mondolez International is ending its duration with its SnackWell's entity, and giving it to Brynwood Partners who is then expected to merge it with its Back to Nature Foods company, The Wall Street Journal reported Monday.
40 and 60-Watt Incandescent Lightbulb Ban Happens Starting Wednesday
Non-energy efficient incandescent 40-watt and 60-watt light bulbs will not be made or shipped starting Wednesday.
Cooper Tires Ends $2.5 Billion Deal With India's Apollo Tyres
Cooper Tires and Apollo Tyres are not merging. Cooper Tire and Rubber Company will not be joining forces with India's Apollo Tyres the company said in a press release on its website Monday.
Dominick's Grocery Stores Close 72 Chicago Locations; Over 6,000 Out of Work
Seventy-two Dominick's grocery stores are shutting down. Dominick's grocery stores eleven Chicago locations are shutting down and becoming part of the Mariano's brand Chicago news station ABC 7 reported Saturday.
Wendy's Sells; Negotiates 30 Austin, Texas; 19 Sacramento Restaurants to Franchisees
Wendy's has marketed off or sold 30 Austin, Texas restaurants, and 19 Sacramento locations. Wendy's selling or agreement to market off 30 Austin, Texas restaurants, and 19 locations in Sacramento Friday continues on the road to renovating its food establishments the company said in a press release.
Red Lobster's 705 Restaurants Will Stay Open
Red Lobster's 705 restaurants will remain open. Red Lobster's 705 restaurant locations will remain open and not close amid reports that they would The News-Herald reported Friday.
Delta Airlines Flies Final DC-9 Flight Jan. 6 After 49 Years
Delta Airlines is flying its DC-9 aircraft for the final time Jan. 6. Delta will retire its Douglas DC-9 fleet Jan. 6 the airline said via a press release Tuesday.
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