Page 3 - Franchising News Today

Coca-Cola Earnings: In the March quarter, the Coca-Cola Company earned USD 290 million from India by refranchising its bottling operations in three key markets. Hindustan Coca-Cola Beverages divested its company-owned bottling operations in Rajasthan, Bihar, Northeast, and parts of West Bengal to existing bottlers, resulting in net gains of USD 293 million. Despite a 2 percent decline in unit case volume in the Asia Pacific market zone, the company saw growth in the India market.

Marcos Pizza has signed a development agreement with Grube, Inc. to open 15 Marcos locations in northwest Ohio and northeast Indiana.

Huey Magoos is available to residents of Boca Raton, Florida, thanks to the chain adding a 2,250-square-foot end-cap location at 9982 Glades Road. Marking the chains 62nd location, the store is owned by franchisees and construction, manufacturing and sales professionals Tyler and Bob Cafferty and family.

In the March quarter, the Coca-Cola Company earned USD 290 million from India by refranchising its bottling operations in three key markets. Hindustan Coca-Cola Beverages divested its company-owned bottling operations in Rajasthan, Bihar, Northeast, and parts of West Bengal to existing bottlers, resulting in net gains of USD 293 million. Despite a 2 percent decline in unit case volume in the Asia Pacific market zone, the company saw growth in the India market.

Spiros Havadjias, the son of a Farmer Boys co-founder, is acquiring the location at 2000 E. Alessandro Blvd., in Riverside, California.

New York State recently issued final corporate franchise tax regulations for sourcing income (the "Regulations"), including specific sourcing rules for service fees paid by passive investment customers ("PICs") to investment managers operating in corporate form.

Laynes Chicken Fingers, a Texas-based chicken franchise known for crispy tenders, is entering Wyoming with its first location planned for Cheyenne, according to a press release. The franchise agreement was signed with Michael Hickerson, a longtime Laynes fan who worked…

New York Fries opened last month in the Newport Centre Mall in Jersey City, its third restaurant to open in the U.S. over the last three months. New York Fries, operated under Recipe Restaurant Group, features freshly cut fries, made…

Vicious Biscuit, a Charleston-based breakfast concept known for its biscuit creations, will open its seventh corporate location on May 4 in Columbia, South Carolina. The 3,250-square-foot restaurant, located at 3246 Forest Drive in Forest Acres, will feature biscuit sandwiches, all-day…

Brix Holdings, which owns Friendlys, Red Mango and Orange Leaf, is acquiring all assets of Clean Juice, a USDA-certified organic juice bar franchise with over 75 locations. Financial details were not disclosed, but the deal should wrap up within a…