U.S. Franchises Enjoying New Growth Abroad

CNN Small Business reports that U.S. franchises are enjoying newfound interest and success abroad, as the hard-hit U.S. economy has made domestic expansion harder.  U.S. franchises are growing decidedly faster abroad than they are in the United States, where growth was flat at best between 2010 and 2012.

At the franchise expo in New York City this year, one fifth of attendees were from foreign countries, including Kuwait, Peru, Bangladesh, China, and the United Arab Emirates.

The increased interest and opportunity for growth has allowed U.S. franchises to demand more favorable terms from franchisees, as well, such as requiring them to open multiple units.

For the full story, click here.

Chefs Expanding Restaurant Empires at Break-Neck Pace

The Washington City Paper profiled several D.C.-area chefs who are rapidly expanding the number of restaurants to their names, often opening new enterprises every two years or less.  Those profiled include Mike Isabella and Spike Mendelsohn.

The chefs interviewed say the pressures to build an “empire” are coming from multiple sources, from the new definition of a successful chef perpetuated by the Food Network (which now includes blogs, book deals, shows, and merchandise), to the hype generated from new concepts, to the shortage of cooks and the need to create a place for talented staff to move up and not on.

For more on this trend, read the full article here.