Andrae Marrocco facilitated the Roundtable Discussion on the topic of “Quintessential Considerations for Implementing System-Wide Changes.”
The purpose of due diligence is to evaluate the nature and value of what is being acquired as well as to identify potential issues, risks, and liabilities. Put another way, a buyer’s objectives include ensuring that it receives the expected value in exchange for what it paid, evaluating any obstacles that may stand in the way of carrying out its strategic objectives for the business, and avoiding, ameliorating, or allocating as best as possible the risks associated with the acquisition.Continue reading
Andrae Marrocco facilitated the Business Solutions Roundtable on the topic of Mergers & Acquisitions in Franchising. McMillan’s LinkedIn Post on the IFA 2019 Annual Convention.
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Some will remember 2018 as a year of rising interest rates, protectionist fears, and increasing political and economic uncertainty. However, recent reports – including reports from Duff & Phelps and PricewaterhouseCoopers – indicate that 2018 was another strong year for mergers and acquisitions activity in Canada facilitated by abundant capital, a growing economy, and low unemployment.
Maintaining robust data protection and privacy protocols is critical to the development and reputation of international franchise systems. Data breaches disrupt business operations, devastate the goodwill and reputation of a franchise brand, and often result in an inordinate degree of legal liability. In a landscape of ever-increasing privacy law regulation and scrutiny, it is imperative that franchisors develop and implement adequate policies and programs to ensure that their franchise systems safeguard personal information in compliance with applicable legal and regulatory requirements.Continue reading
3.4 billion people are active users of social media. The average daily time spent on social media is 116 minutes. The number of social media users has grown by over 300 million in the past 18 months, with a new social media user being added every 10 seconds. Franchise systems are increasingly taking advantage of social media to promote their products and services, to engage with customers and build customer loyalty, and to remain competitive.
Franchise businesses have increasingly become a focus of M&A activity. This is in part due to greater interest and investment from private equity.
The franchise business model is by its nature unique.
Understanding its framework – and its moving parts – is paramount when engaging in any franchise M&A transaction.
In this inaugural post of the series, we address 3 high-level considerations to bear in mind for a franchise M&A deal.
2018 was an eventful year for franchise-related issues being considered by Canadian courts and lawmakers. The following is a brief summary of highlights from court decisions, legislative updates and notable emerging franchise markets and trends.Continue reading
McMillan’s Franchise Law and Distribution Group lawyers Andrae Marrocco, Brad Hanna, Mervyn Allen, Adriana Rudensky, Bob Glass and Lauren Ray participated, authored and presented at the Ontario Bar Association 18th Annual Franchise Law Conference held on October 18, 2018 in Toronto, Ontario. Here are five key takeaways from the event.