A royalty rebate program designed to help Quiznos franchise owners is scheduled to come to an end next week, leaving some franchisees concerned that restaurant closures will accelerate as a result. The move comes at a time of fomenting franchisee discontent, as the chain struggles to grow again domestically under new management after years of dwindling unit counts. Last year, Quiznos avoided bankruptcy with a debt-for-equity swap that shifted ownership to hedge fund Avenue Capital ...
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Contact: Desiree Torres Desiree.Torres@penton.com