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PERSPECTIVE: Franchise your way to a beefy profit; Following the news franchises in the West Midlands can now boast a record collective turnover of pounds 820 million, Clive Houlston discusses the importance of franchising to the UK economy and how it can help to produce some of the country's most recognisable companies.(News)
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The Birmingham Post (England)
- Article date:
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April 13, 2007
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Copyright informationCOPYRIGHT 2007 Birmingham Post & Mail Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Clive Houlston
Franchising has always had a reputation as a less aggressive form of business but this has certainly changed. The sector is now a large part of the UK's economy and is worth a record pounds 10.8 billion nationwide - up pounds 500 million on last year, according to the latest study by NatWest and the British Franchise Association
Originally introduced into America after the American Civil War, franchising became a popular business format in the 1960s and the 1970s. This growth and expansion meant at least one third of all retail sales carried out in ...
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