Shares of Arcos Dorados Holdings, a large South American franchisee of fast-food chain McDonald’s, rose 27 percent in their stock market debut as investors clamored for exposure to the famous brand in a region with booming consumer spending. Get the full story »
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McDonald’s franchisee IPO raises 43% more
Arcos Dorados Holdings, a large South American franchisee of U.S. fast-food chain McDonald’s sold more shares than originally planned at a price above the proposed range in an IPO on Wednesday, a source familiar with the deal said. Get the full story »
McDonald’s franchisee could see $1B IPO
McDonald Corp.’s biggest franchisee, Argentina-based Arcos Dorados Holdings Inc., is expected to go public this week in an offering whose value could approach $1 billion, the latest sign that the market for initial public offerings is heating up. Get the full story »
Fannie May offering candy franchises
Snowbirds and others outside the Chicago area might find it easier to get their Fannie May fix in the future. 1-800-Flowers.com, which in 2006 bought the Chicago-based maker of Pixies, Trinidads and Meltaways, has begun what it says is the first franchising program ever for Fannie May.
“We’ve only just begun our outreach to potential franchisees,” Fannie May spokesman Joseph Pititto said.
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