The Bradford-based retailer will use the purchase to build a new convenience store franchise, especially in London and the South East.
The local shoe store, the lawn mowing business, the photographer, the single store Subway franchise owner and so forth.
Bailian Group of Shanghai, whose domestically well-known businesses include the Shanghai Friendship Group and Lianhua Supermarket, led a list of top chain stores in China published by the China Chain Store and Franchise Association earlier this month.
FORBES: Bailian Tops List Of China's Biggest Chain Stores; Walmart, Yum! Make The Top 10
Domestic chains such as the 500-store Xi-Shu franchise are taking market share from state-owned Xinhua, while foreign publishers such as Pearson (part-owner of The Economist) and Bertelsmann's Random House are looking for local distribution channels.
One sought to sue Five Guys for terminating his franchise rights after he closed a store without their permission. (Five Guys eventually bought him out.) Others have been nudged to sell their stores to more aggressive franchisees.
The company plans to open a store in the Bronx this month and franchise the stores this spring, he said.
We're building a new franchise and there's not a part of the store (unintelligible).
Mr. Eupierre, a 71-year-old immigrant from Cuba, bought his first Burger King franchise in the late 1970s, after working nights as a Burger King assistant store manager.
Activision (NASDAQ: ATVI), which owns and produces the Call of Duty franchise, makes more than a billion annually selling boxed copies of the game in store.
FORBES: Sony and Gaikai Will Stomp All Over AT&T's Video Game Service
They were further irked by the operations bosses in Oak Brook, Illinois, who had issued an 80-page directive, called "Franchise 2000, " that tied a lot of new and onerous regulations to mandatory store reviews.
Under pressure to defend its enormous Windows franchise from challenges by mobile devices running software from Google and Apple, Microsoft outlined plans for a Windows App Store Tuesday in San Francisco.
FORBES: With New Windows App Store, Microsoft Is Hoping Size Matters
The convenience-store operator says it deployed the application in May 2011 to help field consultants, who work with local franchise owners, share their knowledge and learn best practices from one another.
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