Threshers' franchisees are 'determined to resist' transfer to new First Quench ownerThe majority of Threshers' franchisees have told the administrators of First Quench Retailing (FQR), the off-licence chain's owner, that they plan to resist any attempt to force them into a sale to a purchaser of the business.Threshers' franchisees have formed an action group and are working with the law firm Blake...
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Threshers franchisees will today visit a commercial law firm in Oxford to try to salvage something from the wreckage of First Quench, which collapsed into administration last week.In a statement, the law firm Blake Lapthorn said Threshers franchisees "may find themselves unable to obtain adequate stock in the run-up to Christmas and discover that if they cease trading they will be left with substantial...
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Chennai Super Kings team opposing the expansion of the Indian Premier League (IPL)? It seems so if one were to go by sources in the Board of Control for Cricket in India and IPL.On Monday, the IPL said seven out of eight franchisees are in favour of an expansion. It did not name the dissenting franchisee but an IPL official said that the resistance was from Chennai. One out of eight is a miniscule...
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Burger King franchisees sued the hamburger company this week over its $1 double cheeseburger promotion, saying they're losing money on the deal and the company can't set maximum menu prices.The National Franchise Association, a group that represents more than 80 percent of Burger King's U.S. franchise owners, said the $1 promotion forces restaurant owners to sell the quarter-pound burger with at least...
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Deccan 360 will hire 5000 people in the next five years and initially the company plans to appoint 100 franchisees. The company fleet comprises three Airbus A310 planes, seven ATR planes and it plans to connect 17 Indian cities to begin with.DECCAN 360, Captain Gopinath's dedicated air cargo venture will be launched on Wednesday (November 4), in Nagpur. The Captain, who had pioneered low-cost flying...
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Madras Dyslexia Association (MDA), a non-profit organisation working in the field of specific learning disabilities or dyslexia is spreading its wings.It is in the process of training candidates so as to help them start remedial centres at convenient locations, functioning as franchisees.“In 1994-95 we had three centres functioning on a franchisee model but they discontinued for various reasons. Today,...
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Audit firm Pricewaterhouse Coopers (PWC) today approached the Delhi High Court, seeking quashing of proceedings against them by the Government in the multi-crore Satyam scam as they are based in Delhi and have nothing to do with the audit of the Banglore-based controversial company.The audit company has stated that they are only one of the six franchisees of PWC, which have separate identities and...
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Challenge the monopoly of IPL Chairman Lalit Modi, all the IPL franchisees have decided to form an association to maximise revenues and safeguard their interests.IPL owners recently met in Bangkok and agreed to form an association which will be called ‘Franchisees United’.However, the whole thing is in its initial days and will take some time before it comes to see the daylight.It is believed that...
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What will happen if the top capitalists of a country join together to form a trade union? What will be their demands? It will be interesting to see whether they support strikes and hartals.Wealthiest Indian in the world, Mukesh Ambani, king maker of bollywood, Shah Rukh Khan, liquor baron Vijay Mallya, glamorous actor Priety Zinta are joining together to form a union to safeguard their interests.IPL...
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State-run Bharat Sanchar Nigam (BSNL) will set up 30,000 broadband kiosks in rural and remote areas in the next two years on a franchisee basis."The aim is to build a network of around 30,000 broadband kiosks across India within a period of two years. We will set up the kiosks through franchisee in rural areas," a senior BSNL official said here today.These kiosks would extend broadband connectivity...
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