COVID-19 and franchisors
Franchisors are faced with the duel pressures of managing their own businesses, which are in part dependent on the success of their network of franchisees.
A franchisor’s ability to support its network through the immediate effects of retail closures, travel restrictions and physical distancing, and plan for their emergence post-COVID-19, are critical to survival and success. The Consumer Markets & Franchising team is here to help – we are working closely with experts throughout the firm to assist our clients to navigate issues such as negotiations with landlords, workforce management, debt restructuring and franchisee management – all with an eye to success in the post COVID-19 world.
Franchisors: Planning for COVID-19
What strategic steps could franchisors consider enacting to buffer, as much as is possible, their network and their own businesses, from the worst effects of COVID-19? We have set out below some of the action our clients are taking in the face of the unprecedented economic conditions.
COVID-19 and premises and forced business closures – how to deal with the process and the aftermath?
A critical and pressing issue for those businesses with a ‘bricks-and-mortar’ presence is: How do I prepare for, survive and implement a forced shutdown? and What if I need to shut down my network in advance of a government directive to do so?
Navigating business closures in COVID-19
The Consumer Markets & Franchising team have put together a factsheet summarising critical issues currently facing franchisors that have been created by the COVID-19 pandemic – especially in the face of retail closures.
ACCC updates advertising and selling guide
By Laura Cantillon
The ACCC has updated its guidance to Australian businesses on what is required to ensure compliance with the ACL
Managing climate change-related risks in the financial system
By Patrick Ibbotson & Jessica Dorricott
Risks posed by climate change to the stability of the US financial system.
Franchisors, it’s time to update your disclosure documents
Key considerations when updating the franchising disclosure documents as per the Franchising Code of Conduct (Code).