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Burgerim franchisee looks to recoup losses by opening Fatburger stores Courtesy of Fatburger) When Joey McCullough signed on to open multiple Burgerim franchises in the Richmond region in 2019, he was betting big on the fast-growing restaurant chain. By that time he’d already owned the Fan’s Metro Bar & Grill for four years, but it had been struggling and he’d planned to pump money from the burger franchises into it. Joey McCullough “I wanted to redevelop, rebrand and do some additional marketing to boost Metro,” McCullough said in an interview in recent weeks. Burgerim, meanwhile, looked to be on a non-stop upward trajectory. The chain came over to the U.S. from Israel in 2015, offering mini-burgers made with patties slightly larger than sliders, and it was expanding at a rapid clip. ....
The demise of Burgerim's bold Bay Area plans; more Bay Area food news jweekly.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from jweekly.com Daily Mail and Mail on Sunday newspapers.
Alameda County indoor dining reopens; Cosecha to leave Swan's Market berkeleyside.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from berkeleyside.com Daily Mail and Mail on Sunday newspapers.
The state has ordered fast casual burger chain Burgerim to refund $57 million in franchise fees paid by more than 1,500 would-be restaurant operators after finding the Encino company violated California’s franchise regulations. According to a complaint filed last week by the state’s Department of Financial Protection and Innovation, Burgerim; its founder, Oren Loni, and a third entity called Burgerim Group Inc. were ordered to return all “ill-gotten funds” to current and former franchisees who have not been made whole. The complaint characterizes Burgerim Group as an “alter ego” established by the original company to hide assets from franchisees. The financial department’s complaint was first reported by Restaurant Business Online. ....
Dive Brief: Last week, California ordered Burgerim to pay almost $4 million in fines to refund franchisee fees because the burger chain violated several of the state s franchise regulations, according to an order from California s Department of Financial Protection and Innovation. It was reported first by Restaurant Business. The company sold franchises to 1,550 operators who paid $57.7 million in fees from 2015 to July 2019. The order states that Burgerim created a successor company, called the Burgerim Group, to commit fraud against and shield assets from franchisees. Burgerim Group received almost $400,000 in rebates from third-party vendors between August 2019 and August 2020. California has also ordered Burgerim to refund the franchisee fees within 30 days of an operator s request and to offer to rescind franchise agreements. ....