Hotline: 1800 102 2007
X
Search Business Opportunities
Aug, 09 2018

Pressure Mounts on 7-Eleven to revise 2019 Franchise Agreement

The National Coalition of Associations of 7-Eleven Franchisees is advocating 7-Eleven to revise the 2019 Franchise Agreement.

 

Clashes between the franchisees and the company 7-Eleven have been growing from the past of a couple of days. The National Coalition of Associations of 7-Eleven Franchisees is advocating 7-Eleven to revise the 2019 Franchise Agreement. The pressure is to sign the proposed by next March and the majority would not only reduce franchisee net income, it would also increase store-level operating costs and force owners to stay open on Christmas Day.

Jay Singh, Chairman of the National Coalition, said, “Forcing stores to be open on Christmas is just another example of the lack of respect this company has for its franchisees.”

Tensions have been mounting between 7-Eleven and its store owners for years. CEO Joe DePinto, who took over in 2005, has cut off communication with the National Coalition, an independent, franchisee-run association.

DePinto’s predecessor, Jim Keyes, recently addressed franchisees at the Coalition’s national convention in Orlando and reminded them how – even during tough times – he found value in direct engagement with the franchisee community.

Keyes said, “I learned so much from those franchisees in those few days we were together. I learned that it wasn’t personal. We had to find a way to make money at each individual store because the company was only going to be as successful as the success of each individual franchisee,” who also reminded the audience of the words inscribed on the wall at 7-Eleven’s company headquarters in Japan: “Respect your stakeholders. Respect your customers. Respect your franchisees.”

Comment
Related opportunities
  • Ice creams & Yogurt Parlors
    About Us Creamist-a venture of shaha food products is one of..
    Locations looking for expansion Maharashtra
    Establishment year 2015
    Franchising Launch Date 2017
    Investment size Rs. 5lac - 10lac
    Space required 200
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
  • Designer jewellery
    About Us: It all started when PC Jeweller first opened its..
    Locations looking for expansion New Delhi
    Establishment year 2005
    Franchising Launch Date 2016
    Investment size Rs. 5 Cr. above
    Space required 1200
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Central Delhi New Delhi
  • Mens Wear
    About Us:  Mrbutton in is a one-stop shop for men’s wardrobe..
    Locations looking for expansion Delhi
    Establishment year 2012
    Franchising Launch Date 2018
    Investment size Rs. 30lac - 50lac
    Space required 800
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater New delhi Delhi
  • Quick Service Restaurants
    About Us: Wrap It Up, Headquartered in the United Kingdom is..
    Locations looking for expansion Delhi
    Establishment year 2004
    Franchising Launch Date 2006
    Investment size Rs. 30lac - 50lac
    Space required 400
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities