James White, President & CEO of Jamba Juice, is renowned for his franchising success. He is a perfect fit for Michael Landau, co-owner of Drybar, a hair salon in the Brentwood area of Los Angeles that only does blowouts; ‘ no cuts, no colors’. Drybar has been an instant success since its early 2010 opening. Michael’s instinct is to jump on the opportunity to create a national, recognizable brand by opening more locations. However, without a well thought business plan, getting too big too fast is a major concern. He’s at a crossroads regarding whether to franchise or remain company-owned. James is running a company that does both and offers key insight to help Michael decide how best to push Drybar forward.
Hudson Yards, the $20 billion Related Cos. development on Manhattan’s far west side, is taking a key step forward as work begins on a platform over the area’s rail depot designed to support three skyscrapers.
The European Union may give national regulators the power to impose tougher penalties for banks that fail to disclose dangers to their survival, according to proposals designed to safeguard the region’s financial markets.