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Subway is presenting franchisees with a tough choice: higher fees or a draconian new agreement.
The agreement lets Subway control hours, requires participation in deals, and bans criticism.
If franchisees don t want to sign, their royalties rise to 10%, up from an already high 8%.
Subway is forcing franchisees to choose between higher fees and a draconian new agreement, creating yet another conflict at the struggling chain.
In recent weeks, insiders have been buzzing about a new deal that Subway presented to franchisees at renewal time. The agreement is significantly stricter than the prior one, granting Subway control over hours of operation, requiring franchisees to participate in menu promotions, and banning negative comments about the company in any forum.
Peloton
Peloton is gearing up for its next phase, which will include new products and marketing.
With its supply chain now stabilized, the fitness giant is looking ahead to customer acquisition.
Peloton CFO Jill Woodworth shared what s next for the company and why it will maintain momentum.
Peloton isn t concerned about losing its momentum in 2021, despite gyms and smaller boutique fitness studios reopening as the world moves toward a post-pandemic future.
The fitness giant is riding high in the face of a series of recent setbacks, including a massive treadmill recall and supply chain issues that caused lengthy delivery delays throughout 2020. Last month, Peloton reported fiscal third quarter revenue of $1.26 billion, up 141% from the same period a year prior, an upward trajectory the company is prepared to continue.
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