Aziz Hashim is a vocal critic of franchisors who don’t treat their franchisees as partners, and he’s about to put his money where his mouth is.
Hashim is the rising chairman of the International Franchise Association, and he is selling off his 60 Popeyes, Checkers/Rally’s, Petvalu and other franchise units to raise some of the investment for a private equity fund to buy and polish franchisor brands.
“It makes all the sense in the world to invest in brands that you also own,” Hashim says. “Franchisees have not participated in the financial upside of the franchisor. Why shouldn’t we have a piece of that upside, in something we’ve helped to create?”
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