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The United States of Franchising
- c0restraint 7y ago> Dozens of franchisees lost their life savings. Others reportedly filed for bankruptcy. The company’s new CEO, Michel Buchbut, admitted mistakes but defended the company to Restaurant Business, saying, “I cannot call it a Ponzi … It was not exactly a Ponzi.” Not exactly, huh? I’m going to be very interested to read the report when the FTC completes their investigation (assuming they follow Senator Feinstein’s request)
- Terr_ 7y agoThe headline makes me think of "Snow Crash", where the franchise-ization of... well, just about everything in America was pervasive and tragicomic.
- hatenberg 7y agoAbout to say that. The book more and more looks like a prophecy
- gpu_explorer 7y agoבורגרים בלוס אנג'לס טעים מאוד
- aussiegreenie 7y agoAustralia is the largest buyers of franchises per capita in the world. All of the systems are broken even McDonalds and KFC. Buying a franchise for $1 million only to work 60-70 hours a week and earn less than your 15 yr old workers.
- gpu_explorer 7y agoWhy was my remark flagged? It only says that Burgerim in Los Angeles tastes good, which is true. And the family which owns this is also very nice people.