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Franchising may be for a determined or undetermined period of time. The undetermined one can only be annulled either by a notice before a reasonable amount of time or by a just cause. The franchising agreement with a determined time period ends within the end of the time period if not specified otherwise in the agreement.
Denny's has called off plans to open 50 restaurants in China. Denny's had previously reached a deal with Great China international Group to develop franchise restaurants in southern China, but the ...
A 7-Eleven store in Beijing, China. 7-Eleven opened its first store in China in Shenzhen, Guangdong in 1992 and later expanded to Beijing in 2004, Tianjin and Shanghai in 2009, Chengdu [45] in 2011, Qingdao in 2012, Chongqing in 2013, Hangzhou and Ningbo in 2017, Nanjing in 2018, and Wuhan, Xi'an, and Fuzhou in 2019.
Chatime (Chinese: 日出茶太; pinyin: Rìchūchátài; Pe̍h-ōe-jī: Ji̍t-chhut Tê-thài) is a Taiwanese global franchise teahouse chain based in Zhubei. Chatime is the largest teahouse franchise in the world. [3] Its expansion and growth model is through franchising. [4] It operates 2500+ outlets in 38 countries.
KFC became the first Western fast food company in China after its inaugural outlet opened in Qianmen, Beijing, in November 1987. It was China's introduction to franchising and grew rapidly. The operation was a joint venture, with a 60% stake held by KFC, 27% by the Beijing Municipal Bureau of Culture and 13% by Beijing Food Production. [4]
In mid-2003, Harry Tan (陈嘉财; Chén Jiācái) and his two brothers, David Tan (陈嘉寿; Chén Jiāshòu) and Ted Fang (方庆文; Fāng Qìngwén) started Frontier Group which was backed by Tera Capital to acquired the master franchise of Days Inn for Greater China. They felt that there was a lack of mid-tier or economy hotels in China.
Chowking (Chinese: 超群; pinyin: chāoqún; lit. 'preeminent') is a Filipino fast food restaurant chain that serves Filipino Chinese cuisine. Founded in 1985, Chowking was acquired by Jollibee Foods Corporation in 2000. It is widely considered the country's most popular restaurant of Chinese-Filipino food and was once the second-largest ...
In China, Jollibee Group formerly owned stakes of Shanghai-based Lao Dong and in Taiwan, Taichung-based Chun Shui Tang until 2007 [36] and a stake in San Pin Wang until 2016. [38] In 2022, the company also announced that its subsidiary terminated the master franchise agreement for Dunkin' Donuts, which covers mainland China, Hong Kong, and ...