Page 6 - Business Facts

The Hard Rock Cafe is owned by the Seminole Tribe of Florida!

The first Hard Rock Cafe opened June 1971 in London, England. The first restauran had eclectic decor, but it eventually started displaying memorabilia.

The HRC eventually started expanding in 1982, adding locations in places like Toronto, LA, Chicago, Paris and Berlin.

In March 2007, the Seminole Tribe of Florida purchased Hard Rock Cafe International Inc. And all related entities for almost $1 billion!

The chain has over 145 restaurants. What's interesting about them is that even with such a high number of restaurants, they do not franchise them in the US.

Learn more about this fascinating chain at the source!


7-Eleven started in the US in 1927, but after facing bankruptcy in 1998, the entire company was bought by a Japanese corporation called Ito-Yokado.

7-Eleven stores originated in 1927 in Dallas, Texas, when John Jefferson Green had an idea and started selling milk, eggs and bread from an improvised storefront. This significantly cut back on the need for locals to travel far to grocery stores for basic items.

7-Eleven is now part of an international chain of convenience stores. It primarily operates as a franchise. In fact, it's the world's largest franchiser and licenser of convenience stores with more than 50,000 outlets worldwide. For perspective, that's approximately 1,000 more stores than the McDonald's Corporation.

Stores are located in 16 countries, but its largest market is Japan with 15,000 stores, followed by 8,200 in the United States.

In 1998, the company was rescued from bankruptcy by the Japanese corporation Ito-Yokado, its largest franchisee. Downsizing also resulted in many metropolitan areas losing 7-Eleven stores to competing convenience store chains.

In 1991, the Japanese company gained controlling shares of 7-Eleven and formed Seven & I Holdings Co., Ltd., of which 7-Eleven became a subsidiary in 2005. The company is expanding its American operations and is planning an additional 1,000 stores in the United States. Although 7-Eleven was originally 'made in the USA,' Japan now controls all the 7-Eleven stores in the world.


The best-selling drink in every country on Earth is a Coca-Cola product--except one. Can you guess which?

Few companies have ever dominated the global market the way Coca-Cola has. It's not surprising that it's right up there with the most recognizable brands in the world. Just how popular is it? Coca-Cola, or a drink owned by the Coca-Cola company, is the best selling drink in every nation on Earth . . . Except one.

That proud country is Scotland. Irn-Bru is a local drink, the recipe for which has been kept from public knowledge for well over a century. It retains the title for best-selling drink there, but it's not as though Coca-Cola hasn't been doing it's part to try to topple their arch-rival.

Ask the Scots themselves, and many will claim that the reason Irn-Bru has stayed so popular is loyalty to the brand; going with a famously Scottish drink over a quintessentially American brand just feels like the patriotic thing to do.

In fact, all over the world, Coca-Cola sales suffer most in areas in which anti-American feeling is strongest. In the Middle East, alternate colas are sold as a way of bypassing the purchase of an American product.

Whatever politics may be involved, the fact remains that Coca-Cola, by any measure, is phenomenally successful. Every second, 17,361 servings are sold globally!


Some awesome lists!

Domino's used to be a total joke of a company, but their performance in the last few years has been shocking!

It seems food companies are always on the lookout for new ideas. Few things are more important in business than keeping a leg up on the competition, and Domino's knows all about that.

In 2009, Domino's suffered a tough year, and it's stock took a beating. By the end of 2011, though, it had made a comeback to the tune of 233 percent!

It did not happen overnight. Behind the scenes, it was obvious that rebranding was needed to come out of such a slump.

After Domino's 50th business anniversary in 2010, the company decided to give their pizza a new recipe "from the crust up." Thoroughgoing changes were made to the dough, sauce, and cheese.

Furthermore, Domino's went public and admitted their former shortcomings and how they had hurt their pizza's reputation.

Everything up to that point had been slightly risky. There were questions about whether or not people would like the new pizza. But Domino's fortunes have indeed turned around 180 degrees from a few years ago.

All the more impressive is that this success has taken root even during hard economic times.

Sometimes, change really can be the right move.


The Internet is simultaneously killing the postal service and keeping it alive!

The internet brings convenience and an easy way to pay bills, communicate with friends and even to send greeting cards for special occasions. This means less licking of postage stamps and less running off to the post box to see if you have mail. Have you ever stopped to think what this means for postal services?

The US Postal Service is hitting net loss of $1.9 billion because of the huge decline in first class mail, which was the biggest earner for the agency. The internet is now taking care of that category as bills are sent online and payments are made in the same way. "We're quite obviously in a deep financial hole," Joseph Corbett, USPS chief financial officer and executive vice president, told reporters in a press briefing.

But there is a section of the Postal Service that is doing quite well, also thanks to the internet. The shipping and packaging business is still thriving as more and more consumers discover online shopping and need their goods delivered as soon as possible - so that they can shop again!

Spare a thought for the US Postal Service next time you click, and remember that they go out of their way to deliver greeting cards even if it does not have the correct postage – especially over the Festive Season.



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