World Business

The origin of the franchise agreement dates back some 150 years ago.An early example of what constitutes the characteristic appearance of the historic hotels in New South Wales for that franchise agreements were made between the brewers and hoteliers.An American example is the system of electric telegraph which managed several railroad companies but was controlled by the Western Union.The modern franchise had its boost in the 1950s with the rise of fast food restaurants including McDonald’s was the first to reap global success.Many traditional retailers are now dominated by the franchise system to the extent that facilities are managed individually rather the exception than the rule.Another case of success in the world of franchising is the chain Mail Boxes Etc.(In the USA the current name is The UPS Stores) with over 6,000 operating centers worldwide