11 h. ago
Toronto man 'blindsided' after company quietly hands franchise over to new owner
The owner of one Toronto restaurant location was shocked to find himself locked out of his business after his parent company quietly handed it over to someone new, he claims.For the past 13 years, Allen, a Toronto resident and owner of three different sushi restaurants in the city, has proudly owned and operated the Sushi Shop location in Union Station, but, he tells blogTO, it all came crashing down earlier this week."[On the morning of March 18,] I arrived at my store as I had done every day for 13 years, but this time I wasn’t allowed in," Allen claims. "The locks had been changed. My business, my livelihood, my existence had been taken from me overnight."Allen tells blogTO that he was ultimately "blindsided" to show up for work and find that MTY, the parent company of Sushi Shop and a number of other quick-service food companies in Canada, had, apparently without his knowledge, sold the franchise to a new owner, who would be taking over the restaurant immed...
Economics
