Printer Friendly
The Free Library
14,634,628 articles and books
Member login
User name  
Password 
 
Join us Forgot password?

There's Magic in a Name: And It's Fatburger.


When Earvin "Magic" Johnson, the retired Laker and 12-time NBA NBA
abbr.
1. National Basketball Association

2. National Boxing Association

NBA (US) n abbr (= National Basketball Association) → Basketball-Dachverband (=
 All-Star, announced last week that he was leading a group of investors in the purchase of the 47-unit Fatburger Corp., his strategy was simple take advantage of a well known name.

Rather than "Magic," however, Johnson is leveraging an existing brand and concept, continuing to avoid the pitfalls that have plagued concepts like Michael Jordan's in Chicago and the sports-themed All-Star cafe.

In those ventures, athletes who put their name out front have generated short-term business, but often end up disappointing guests who expect the stars to be at the restaurants.

"He's invested in good concepts," said Ron Paul, president of Chicago-based restaurant consulting group Technomic, citing Johnson's previous investments in TGlFriday's and Starbucks.

"(Michael Jordan This article is about the former basketball player. For other uses, see Michael Jordan (disambiguation).

Michael Jeffrey Jordan (born February 17 1963) is a retired American professional basketball player.
)wasn't there," said Paul of Jordan's Chicago and New York New York, state, United States
New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of
 restaurants. "And when he was there, he was behind glass."

Johnson has, in essence, reiterated his desire to play second fiddle second fiddle
n. Informal
1. A secondary role.

2. One who plays a secondary role.


second fiddle
Noun

Informal a person who has a secondary status

Noun
 to the restaurant brand.

"I'm not like a typical celebrity that just wants to lend their name to something or throw their money in and then say 'Whatever happens, happens,"' said Johnson. "I'm at the office every single day."

Johnson is wary of those entertainers or athletes who believe a famous name is enough to support a successful restaurant.

"A lot of people still don't know Don't know (DK, DKed)

"Don't know the trade." A Street expression used whenever one party lacks knowledge of a trade or receives conflicting instructions from the other party.
 about Fatburger, so we're going to market it to death," said Johnson, who declined to disclose terms of the acquisition of the chain, which was founded in Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850.  in 1952.

Those marketing plans include tripling the size of the chain in an aggressive expansion plan involving 100 new stores over the next five years.

The growth, from 47 to about 150 stores, will be led by Johnson Development Corp. President Kenneth Lombard and former Fatburger president and newly appointed Chief Executive Keith Warlick.

The expansion plan is expected to span eastward into 10 additional states. Warlick first worked with Fatburger founder Lovie Yancey in 1987, and was named president in 1996. "He's withstood the test of time in the industry," said Janet Lowder, president of Rancho Palos Verdes-based Restaurant Management Service.

Lombard added, "we think we have a product that's universally accepted by everybody so there's no need to make any adjustments."

Johnson's two theater complexes -- a third is scheduled to be opened in Houston at the end of the year -- do bear his name. But unlike renowned sports figures like Michael Jordan, Mickey Mantle Noun 1. Mickey Mantle - United States baseball player (1931-1997)
Mickey Charles Mantle, Mantle
 and Tommy Lasorda
    For the Chrysler executive, see .
Thomas Charles Lasorda (born September 22 1927 in Norristown, Pennsylvania) is a former Major League baseball pitcher and manager.
, Johnson's real push has been in using existing brand names rather than his own to further his reach in the $400 billion U.S. food and beverage F&B is a common abbreviation in the United States and Commonwealth countries, including Hong Kong. F&B is typically the widely accepted abbreviation for "Food and Beverage," which is the sector/industry that specializes in the conceptualization, the making of, and delivery of foods.  industry.

And while he said there were some celebrities and athletes who have expressed an interest in franchising opportunities, he'll demand they share his approach.

"They have to put in quality people who understand the hamburger business," said Johnson. "We've got to protect the brand."
COPYRIGHT 2001 CBJ, L.P.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2001, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Title Annotation:Magic Johnson's strategy for acquiring and expanding Fatburger Corp.
Comment:There's Magic in a Name: And It's Fatburger.(Magic Johnson's strategy for acquiring and expanding Fatburger Corp.)
Author:KING, DANNY
Publication:Los Angeles Business Journal
Article Type:Brief Article
Geographic Code:1USA
Date:Oct 8, 2001
Words:484
Previous Article:Reproductive Issues Surface in Tenet Takeover.(Tenet Healthcare Corp. acquisitions may be blocked by California Women's Law Center)(Brief...
Next Article:Three Local Hospitals Bolt Struggling Catholic System.(Catholic Healthcare West reorganizes)(Brief Article)(Statistical Data Included)
Topics:



Related Articles
Fatburger rolls out kid-sized patty to prepare for expansion. (Fatburger Corp.)
Magic Johnson's Group May Redevelop Ambassador Hotel.
Big Chains Are Realizing Value of Urban-Area Stores.(Brief Article)(Statistical Data Included)
MAGIC GOBBLES UP FATBURGER FAST-FOOD CHAIN.(News)
Inner-City Insight.(Interview with housing and retail projects developer)(Interview)
FATBURGER LOSES `MAGIC' EX-LAKERS STAR SELLS HOLDINGS; MANAGEMENT RIFT CITED.(Business)
Review & preview.(California to borrow $3 bn in notes)
Fatburger sings.(The LABJ's L.A. Stories)
SOMETHING TO CHEW ON.(News)
First stand, last stand? The original Fatburger is being sold for development. Preservation is a possibility.(News & Analysis)

Terms of use | Copyright © 2009 Farlex, Inc. | Feedback | For webmasters | Submit articles