USA: Taco Bell franchisees receive financial assistance from Taco Shell Suppliers
Tricon Global Restaurants, Inc. (NYSE: YUM) Friday (8 June) announced that FRANMAC, an association representing U.S. Taco Bell franchisees, together with Tricon, have reached an agreement with Taco Bell's taco shell suppliers under which those suppliers will provide $60 million to Taco Bell franchisees. These funds will assist Taco Bell franchisees to partially recover lost sales in the wake of marketplace confusion following a taco shell recall of supermarket products licensed under the Taco Bell brand name by Kraft Foods in September, 2000. The funds will be allocated on a pro rata basis to franchisee operators based on their number of restaurants.
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