7 Eleven store in Baltimore, MD. August 8, 2020. Is Franchising Doomed? (Part 3)
Threats to franchising just keep on coming, particularly given recent developments on the issue of whether franchisors can be considered employers of their franchisees.
April 20, 2022 at 12:15 PM
6 minute read
Franchising is still here, and growing. Indeed, the International Franchise Association, in a Feb. 16, 2022 Special Report, predicts that "Franchise growth is expected to stabilize in 2022, expanding by 2.2% to reach a total of 792,014 franchise establishments, 17,000 more than 2021 [and] Franchises' GDP contribution to the overall economy will remain stable at 3% in 2022, but the growth rate is likely to slow to 5.7%, still higher than the pre-pandemic level." But the threats to franchising just keep on coming, particularly given recent developments on the issue of whether franchisors can be considered employers of their franchisees.
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