Word: franchisee
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Last December, the company took its first small step beyond U.S. borders when it opened a store in Toronto. In June it announced franchise agreements for 30 stores in Australia and New Zealand, and expects to name its British and Spanish partners soon. Other likely foreign locales include Japan, South...
Krispy Kreme in Winston-Salem. As the company grew into a regional institution, Rudolph ensured consistency by providing the mix to each franchise and creating specially designed machines to automate the doughnut-making process. Beatrice Foods bought the company in 1976, three years after Rudolph's death, and the franchisees took control in 1982. Expansion beyond its Dixie roots began in the mid-1990s. New York got its first Krispy Kreme just six years ago. Before its 2000 flotation, "it was basically run like a co-op by the franchisees," notes Andrew Wolf, an analyst at BB&T Capital Markets...
In June 1990, Bush sold 212,140 shares of Harken—about two-thirds of his holdings in the company—for $848,560. Bush, who at the time was serving as a director of Harken, used the proceeds from the sale to pay off loans that helped...
With the media and cable industries rapidly consolidating, there's not much room left for a maverick like Malone. Stripped of the enormous leverage his cable empire once gave him, Malone can no longer dictate the terms at the bargaining table. AOL and Comcast are now the gatekeepers, and content...
When he's not directing, Spielberg spends a lot of time pursuing charitable projects--he recently helped start a digital library to preserve Yiddish books--and running DreamWorks, the studio he co-founded in 1994. He has already wrapped his next picture, Catch Me If You Can, an adventure based...