Madison Reed Plans Growth Tied To Franchise Model

Madison Reed plans to operate a total of 600 stores by 2024, including 500 franchised locations and 100 company-owned locations. That would represent a significant increase from its current count of nine physical stores. The brand plans to start selling franchises beginning in November, according to Forbes. The company sees the franchise model as a way to expand quickly without large capital investment. Madison Reed has tappedFranworthto handle franchisee recruitment, real estate negotiations an...