Franchising Archives - SmartCompany

Government to consider tougher penalties, franchise license scheme after major franchising review

David Adams — Tue, 07 May 2024 01:56:36 +0000

The federal government will consider a new licensing scheme for the $135 billion franchise sector, after the competition watchdog argued the existing system contributes to power imbalances between franchisors and their small business franchisees.

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Baker’s Delight POS plan denied by ACCC over franchisee pricing concerns

David Adams — Fri, 15 Mar 2024 01:36:29 +0000

A Baker's Delight plan to introduce new discount pricing tiers across its franchise network has been knocked back by the ACCC, which found the system could limit how individual traders respond to local market conditions.

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Australia’s BFT expands across South-East Asia and Spain as gym chains face an economic workout

David Adams — Tue, 22 Aug 2023 02:22:43 +0000

Australian-born gym franchise Body Fit Training (BFT) has announced new expansions into Hong Kong, Malaysia, and Spain, making customer gains as competitors like F45 adjust to trying market conditions.

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F45 will pull its shares from the NYSE — but there may be a silver lining

David Adams — Thu, 17 Aug 2023 02:16:33 +0000

Australian-born gym chain F45 intends to delist its shares from the New York Stock Exchange, after what one market observer dubbed a "disaster" run for the company since its powerhouse IPO lifted the company a AU$2 billion valuation.

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Exclusive: Independent review of Franchising Code of Conduct to investigate fairness in $170 billion sector

David Adams — Tue, 15 Aug 2023 02:10:51 +0000

Australia's franchising rules will face a new independent review, giving small businesses a chance to share how recent regulatory changes are shaping the $170 billion sector.

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Korean fried chicken and beer restaurant Gami Chicken to expand to 42 locations across Australia

Morganne Kopittke — Wed, 26 Jul 2023 02:12:41 +0000

Gami Chicken’s first restaurant was launched in 2006 and has sold 55.2 million pieces of chicken since launching.

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Qld-based float and wellness brand City Cave expands global footprint with new centre in US

Morganne Kopittke — Wed, 28 Jun 2023 00:33:38 +0000

City Cave has seen more than 300% growth since the start of 2021, taking its global footprint to 70 locations across Australia and New Zealand.

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Australia’s $172 billion franchising industry thriving in the regions due to internal migration

Morganne Kopittke — Wed, 14 Jun 2023 00:25:37 +0000

A recently released report has shed light on the changing demographics of Australia’s $172 billion franchising industry, the vital role of technology, and the effect of internal migration growth on Australia’s rapidly evolving franchising landscape.

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KX Pilates eyes global expansion as it celebrates 100 studios

Morganne Kopittke — Mon, 13 Mar 2023 22:46:31 +0000

KX Pilates combines traditional reformer pilates principles with progressive techniques to curate full-body workouts and has a mission to bring reformer pilates into mainstream fitness.

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Staff shortages are the greatest threat to franchisees right now, according to new survey

Morganne Kopittke — Tue, 18 Oct 2022 23:27:04 +0000

Staff shortages, supply chain issues, rising interest rates and inflationary pressures are some of the biggest issues facing Australian franchises today according to a recent survey.

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