Denny's Joins "Pathways" Program to Support Black Franchise Ownership

Rhea-AI Summary

Denny's has joined the Pathways to Black Franchise Ownership program, partnering with the Multicultural Foodservice & Hospitality Alliance (MFHA). This initiative aims to create 100 Black-owned franchises by 2023, addressing the current discrepancy where only 8% of franchise owners are African American. Denny's has a long commitment to diversity, having invested over $2 billion in underrepresented suppliers since 1993. This partnership will provide training and support to aspiring Black entrepreneurs, promoting equity and inclusion in the restaurant industry.

Positive

• Partnership with MFHA aims to create 100 Black-owned franchises by 2023.
• Denny's has invested over $2 billion in underrepresented suppliers since 1993.
• Program will offer training, coaching, and mentoring to aspiring Black franchisees.

Negative

• None.

America's Diner will work with Multicultural Foodservice & Hospitality Alliance to expand opportunities for Black franchisees

SPARTANBURG, S.C. , June 15, 2022 /PRNewswire/ --  Today, Denny's announced its commitment to the Pathways to Black Franchise Ownership program created by the Multicultural Foodservice & Hospitality Alliance (MFHA). Denny's and MFHA have enjoyed a successful 25-year alliance and, as a new Pathways to Black Franchise Ownership partner, Denny's will help MFHA reach its goal of creating 100 Black-owned franchises by 2023.

The Pathways to Black Franchising program aims to make systemic change and drive greater wealth in the Black community by empowering African American entrepreneurs to operate high-performing franchise businesses. Research from the US Census Bureau and the International Franchise Association shows that African Americans make up only 8% of franchise business owners, and, together, Denny's and MFHA will work to close that gap by providing participants with specialized training, coaching, mentoring and other support to help them open both single and/or multi-unit franchise businesses.

Joining Pathways marks another chapter in Denny's long-standing commitment to diversity, equity and inclusion. Since 1993, Denny's has invested more than $2 billion in underrepresented suppliers, including hiring minority-owned small business operators and entrepreneurs as consultants.

"At Denny's, diversity, equity and inclusion are key components of our business strategy and that includes every part of our organization from our board of directors to our franchisee association," said Denny's CEO John Miller. "Our expanded partnership with MFHA will help close the ownership gap for Black business owners and bring new faces and fresh thinking to Denny's. We're humbled to be able to create more opportunities for Black business owners who are historically underrepresented in the restaurant industry."

"MFHA is excited to welcome Denny's to the Pathways program," said Gerry Fernandez, Founder and President of MFHA. "Together, we can make a lasting impact by helping Black entrepreneurs achieve their dream of owning their own restaurant, uplifting their communities and building wealth for their family and future generations."

Pathways to Black Franchise Ownership was launched in 2020 with the goal of creating 100 Black-owned franchises by the end of 2023. MFHA is working closely with the National Restaurant Association, the National Restaurant Association Education Foundation (NRAEF) and the International Franchise Association to expand the program.

Companies and aspiring Black entrepreneurs can click here to learn more and register for the Pathways webinar on June 16, 2022.

About Denny's Corp 

Denny's Corporation is the franchisor and operator of one of America's largest franchised full-service restaurant chains, based on the number of restaurants. As of March 30, 2022, Denny's had 1,643 franchised, licensed, and company restaurants around the world including 153 restaurants in Canada, Puerto Rico, Mexico, the Philippines, New Zealand, Honduras, the United Arab Emirates, Costa Rica, Guam, Guatemala, El Salvador, Indonesia, and the United Kingdom. For further information on Denny's, including news releases, please visit the Denny's website at www.dennys.com or the brand's social channel via Facebook, Twitter, Instagram, TikTok, LinkedIn or YouTube.

About Multicultural Foodservice & Hospitality Alliance

The Multicultural Foodservice & Hospitality Alliance (MFHA) is dedicated to advancing diversity, equity and inclusion (DEI) across the restaurant, foodservice and hospitality industry. Founded by Gerry Fernandez in 1996, MFHA serves as a leading resource for companies large and small seeking to improve DEI across their organization and to become culturally competent. MFHA provides tailored solutions and guidance that draw from a broad range of best practices, research, DEI partnerships and expertise in current and emerging social issues.

As a non-profit 501(c)(3), MFHA is also affiliated with the National Restaurant Association Educational Foundation (NRAEF), the non-profit arm of the National Restaurant Association. MFHA members have access to a range of products and services, including workshops, webinars, research, programs, events and speaking engagements.

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SOURCE Denny's

FAQ

What is the goal of Denny's partnership with MFHA?

Denny's partnership aims to create 100 Black-owned franchises by 2023 through the Pathways to Black Franchise Ownership program.

How much has Denny's invested in underrepresented suppliers?

Since 1993, Denny's has invested over $2 billion in underrepresented suppliers.

Why is Denny's joining the Pathways program important?

Joining the Pathways program is important for Denny's as it addresses the underrepresentation of Black franchise owners in the industry.

What support will Denny's provide to Black entrepreneurs?

Denny's will provide specialized training, coaching, and mentoring to help Black entrepreneurs open franchise businesses.

When was the Pathways to Black Franchise Ownership program launched?

The Pathways to Black Franchise Ownership program was launched in 2020.