Browse the latest corporate news from Wendy's/Arby's Group Inc..
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ATLANTA, Jun 16, 2011 (BUSINESS WIRE) -- Wendy's/Arby's Group, Inc. (NYSE: WEN) announced today that management will present at the 11th Annual Oppenheimer Consumer Conference at the Four Seasons Hotel in Boston on Wednesday, June 29, 2011. The presentation will begin at 11:55 a.m. ET.
Investors and interested parties may listen to a live webcast by visiting the investor relations section of the Company's website at http://ir.wendysarbys.com. About Wendy's/Arby's Group, Inc. Wendy's/Arby's Group, Inc. is the third largest quick-service restaurant company in the United States and includes Wendy's International, Inc., the franchisor of the Wendy's restaurant system, and Arby's Restaurant Group, Inc., the franchisor of the Arby's restaurant system...
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Wendy's/Arby's Retains 18.5% Ownership of Arby's Wendy's/Arby's Estimates Transaction Value of $430 Million ATLANTA, Jun 13, 2011 (BUSINESS WIRE) -- Wendy's/Arby's Group, Inc. (NYSE: WEN), today announced a definitive agreement for the sale of Arby's Restaurant Group, Inc. to a buyer formed by Roark Capital Group. Wendy's/Arby's Group will retain an 18.5% ownership interest in the Arby's® business. Atlanta-based Arby's is the second largest quick-service sandwich chain in the U.S. with more than 3,600 restaurants systemwide. Roark Capital Group is an Atlanta-based private equity firm that focuses on investing in franchise, brand management and restaurant companies. Wendy's/Arby's Group had previously announced that it was exploring strategic alternatives for Arby's...
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Arby's(R) Partners with Parry Gripp to Celebrate New Advertising Campaign ATLANTA, March 8, 2011 /PRNewswire via COMTEX/ -- Parry Gripp, popular singer-songwriter well known for his original YouTube video jingles, is bringing his infectious music to Arby's. In celebration of Arby's new advertising campaign, Arby's. It's Good Mood Food.(TM), Gripp has released a brand new video and theme song called, "Do You Like Roast Beef," which can be viewed at http://youtu.be/S9wxHEUrP74.
The Gripp-produced music video features cartoon versions of Arby's signature menu items, including a roast beef sandwich, curly fries and Horsey Sauce(R), Arby's lovable icon - Arby's Junior, a dancing Arby's hat, along with bright graphics and a colorful cast of characters...
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First Wendy's Restaurant Expected in Tokyo with Plans for Rapid Growth ATLANTA, Mar 02, 2011 (BUSINESS WIRE) -- Wendy's/Arby's International, Inc., a subsidiary of Wendy's/Arby's Group, Inc. (NYSE: WEN), and Higa Industries Co., Ltd., a successful food importer and distributor based in Tokyo, today announced the signing of a joint venture agreement to develop and operate Wendy's(R) restaurants in Japan.
The first Wendy's restaurant is expected to open in Tokyo later this year with plans to rapidly expand the brand throughout the country in the coming years.
Higa Industries is led by Ernest Higa, who successfully owned and operated 180 Domino's Pizza stores in Japan before selling this business in February 2010. A pioneer of the Japanese home delivery market, Higa's stores became known for gourmet pizza products and the use of the internet and wireless technology to promote menu items and enhance the customer ordering experience...
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ATLANTA, Mar 01, 2011 (BUSINESS WIRE) -- Wendy's/Arby's Group, Inc. (NYSE: WEN) announced today that the Company plans to participate in three upcoming investor conferences. The dates, times and speakers are as follows: March 10, 2011 at 11:20 a.m. EST - Bank of America Merrill Lynch's Consumer Conference to be held at The Palace Hotel in New York. The presentation will be given by Steve Hare, Chief Financial Officer. March 14, 2011 at 9:30 a.m. PDT - ROTH Growth Stock Conference to be held at The Ritz Carlton Laguna Niguel in Dana Point, CA. The presentation will be given by Steve Hare, Chief Financial Officer. March 28, 2011 at 3:45 p.m. PDT - J.P. Morgan Gaming, Lodging, Restaurant and Leisure Management Access Forum to be held at the Mandarin Oriental in Las Vegas, NV...
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Franchisee Commits to Expand Brand to 75 Restaurants in the Philippines ATLANTA, Feb 23, 2011 (BUSINESS WIRE) -- Wendy's International, Inc., a subsidiary of Wendy's/Arby's Group, Inc. (NYSE:WEN), today announced the signing of a long-term agreement with Wenphil Corporation to significantly expand Wendy's(R) brand presence in the Philippines.
The new agreement with Wenphil - a Wendy's franchisee since 1983 - calls for the development of 44 additional restaurants, which would increase the total number of Wendy's locations in the country to 75. As part of the agreement, Wenphil will expand outside of Metro Manila into other cities and regions in the Philippines through the use of sub-franchising.
Elizabeth Pardo-Orbeta, Chairman of Wenphil Corporation, said: "We're delighted to renew our franchise relationship with Wendy's and we're excited about the opportunity to further expand our business in the Philippine market through innovative use of sub-franchising...
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ATLANTA, Feb 07, 2011 (BUSINESS WIRE) -- Wendy's/Arby's Group, Inc. (NYSE: WEN), the parent company of Wendy's International, Inc. and Arby's Restaurant Group, Inc., announced today that it will release fourth quarter and full-year 2010 financial results on Thursday, March 3, 2011 before the market opens.
A conference call with slides will follow at 10:00 a.m. ET and will be webcast live from the investor relations page of the company's website, at www.wendysarbys.com. Hosting the call will be Roland Smith, President and Chief Executive Officer, Steve Hare, Chief Financial Officer, and John Barker, Chief Communications Officer.
The conference call can be accessed live over the phone by dialing 877-572-6014 or for international callers by dialing 281-913-8524...
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New Franchisee Plans 50 Wendy's Restaurants First Wendy's to Open in Buenos Aires in 2011 ATLANTA, Jan 27, 2011 (BUSINESS WIRE) -- Wendy's/Arby's International Inc., a subsidiary of Wendy's/Arby's Group, Inc. (NYSE:WEN), today announced an agreement with Desarrollos Gastronomicos S.A. (DEGASA) to develop 50 Wendy's(R) restaurants in Argentina over the next 10 years, with the first location to open this year in Buenos Aires.
DEGASA is a private investment company, with investors that control D&G, a company that operates and franchises Havanna Café -- a quick-service coffee chain with more than 180 outlets in Argentina. The chain, which is the largest coffee retailer in Argentina, has recently expanded to nine additional countries in Latin America and Europe, with 68 outlets...
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ATLANTA, Jan 26, 2011 (BUSINESS WIRE) -- Wendy's/Arby's Group, Inc. (NYSE: WEN), the parent company of Wendy's International, Inc. and Arby's Restaurant Group, Inc., announced the declaration of its regular quarterly cash dividend of $0.02 per share, payable on March 15, 2011 to Wendy's/Arby's Group, Inc. stockholders of record as of March 1, 2011.
As of January 3, 2011, Wendy's/Arby's Group, Inc. had approximately 418 million shares of common stock outstanding. </p><h2>About Wendy's/Arby's Group, Inc.</h2><p> Wendy's/Arby's Group, Inc. is the third largest quick-service restaurant company in the United States, and includes Wendy's International, Inc., the franchisor of the Wendy's(R) restaurant system, and Arby's Restaurant Group, Inc...
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ATLANTA, Jan 20, 2011 (BUSINESS WIRE) -- Wendy's/Arby's Group, Inc. (NYSE: WEN), the third-largest quick-service restaurant company in the United States, today announced it is exploring strategic alternatives for Arby's Restaurant Group, Inc., including a sale of the brand. UBS Investment Bank is assisting in the process.
Arby's(R) is the second-largest quick-service sandwich chain in the U.S. with nearly 3,700 restaurants. Arby's restaurants specialize in slow roasted and freshly sliced roast beef sandwiches as well as Market Fresh(R) deli-style sandwiches, toasted subs and salads, all with the convenience of a drive-through.
Nelson Peltz, Chairman of Wendy's/Arby's Group, said, "We believe the way to maximize shareholder value is to focus all of our management and financial resources on continuing to build the Wendy's(R) brand...
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ATLANTA (BUSINESS WIRE) -- Wendy's/Arby's Group, Inc. (NYSE: WEN), the parent company of Wendy's International, Inc. and Arby's Restaurant Group, Inc., announced today that it will release third quarter 2010 financial results on Friday, November 12, 2010 before the market opens.
A conference call with slides will follow on Friday, November 12, 2010 at 8:30 a.m. ET and will be webcast live from the investor relations page of the company's website, at www.wendysarbys.com. Hosting the call will be Roland Smith, President and Chief Executive Officer, Steve Hare, Chief Financial Officer, and John Barker, Chief Communications Officer.
The conference call can be accessed live over the phone by dialing 877-572-6014 or for international callers by dialing 281-913-8524...
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ATLANTA (BUSINESS WIRE) -- Wendy's/Arby's Group, Inc. (NYSE: WEN) announced today that the company plans to participate in two upcoming investment conferences. The dates, times and speakers are as follows: September 16, 2010 at 8:30 a.m. ET - CL King's 8th Annual Best Ideas Conference to be held at the Omni Berkshire Place Hotel in New York. The presentation will be given by Steve Hare, Chief Financial Officer. September 28, 2010 at 9:05 a.m. PT - Telsey Advisory Group's Consumer Conference to be held at the Mandarin Oriental at City Center in Las Vegas. The presentation will be given by Steve Hare, Chief Financial Officer. About Wendy's/Arby's Group, Inc. Wendy's/Arby's Group, Inc. is the third largest quick-service restaurant company in the United States and includes Wendy's International, Inc...
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ATLANTA (BUSINESS WIRE) -- Wendy's/Arby's International, a subsidiary of Wendy's/Arby's Group, Inc. (NYSE:WEN) today announced the signing of a long-term restaurant development agreement that will give the Wendy's(R) brand significant presence throughout the Eastern Caribbean.
The agreement calls for the development of 24 Wendy's restaurants over the next 10 years in Trinidad and Tobago and eight other markets. The first of these restaurants is scheduled to open in 2011 in Trinidad.
"This agreement will enable us to expand Wendy's brand presence throughout the Caribbean basin," said Wendy's/Arby's Group President and Chief Executive Officer Roland Smith. "In the north, our franchise restaurants in Puerto Rico and the Bahamas generate some of the highest annual unit volumes in our international system; and, in the west, we have a growing presence in Central America...
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ATLANTA (BUSINESS WIRE) -- Wendy's/Arby's Group, Inc. (NYSE: WEN), the parent company of Wendy's International, Inc. and Arby's Restaurant Group, Inc., announced the declaration of its regular quarterly cash dividend of $0.015 per share, payable on September 15, 2010 to Wendy's/Arby's Group, Inc. stockholders of record as of September 1, 2010.
As of August 6, 2010, Wendy's/Arby's Group, Inc. had approximately 418 million shares of common stock outstanding. About Wendy's/Arby's Group, Inc. Wendy's/Arby's Group, Inc. is the third largest quick-service restaurant company in the United States, and includes Wendy's International, Inc., the franchisor of the Wendy's(R) restaurant system, and Arby's Restaurant Group, Inc., the franchisor of the Arby's(R) restaurant system...
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ATLANTA, Jul 22, 2010 (BUSINESS WIRE) -- Wendy's/Arby's Group, Inc. (NYSE:WEN), the parent company of Wendy's International, Inc. and Arby's Restaurant Group, Inc., announced today that it will release second quarter 2010 financial results on Thursday, August 12, 2010 before the market opens.
A conference call with slides will follow at 12:00 p.m. ET and will be webcast live from the investor relations page of the company's website, at www.wendysarbys.com. Hosting the call will be Roland Smith, President and Chief Executive Officer, Steve Hare, Chief Financial Officer, and John Barker, Chief Communications Officer.
The conference call can be accessed live over the phone by dialing 877-572-6014 or for international callers by dialing 281-913-8524...
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ATLANTA, Jun 16, 2010 (BUSINESS WIRE) -- Wendy's/Arby's Group, Inc. (NYSE: WEN) announced today that management will present at the Oppenheimer 10th Annual Consumer, Gaming, Lodging & Leisure Conference at The Four Seasons Hotel in Boston on Wednesday, June 30, 2010. The presentation will begin at 1:00 p.m. ET. About Wendy's/Arby's Group, Inc. Wendy's/Arby's Group, Inc. is the third largest quick-service restaurant company in the United States and includes Wendy's International, Inc., the franchisor of the Wendy's(R) restaurant system, and Arby's Restaurant Group, Inc., the franchisor of the Arby's(R) restaurant system. The combined restaurant systems include more than 10,000 restaurants in the U.S. and 24 countries and territories worldwide...
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At Least 100 Arby's Restaurants to be Built in Turkey
ATLANTA, Jun 03, 2010 (BUSINESS WIRE) --Wendy's/Arby's Group, Inc. (NYSE:WEN) today announced that one of its subsidiaries, Arby's Restaurant Group, Inc., has signed a major development agreement with Tab Gida Sanayi ve Ticaret A.S. to open at least 100 Arby's(R) restaurants in Turkey over the next 10 years, including 50 during the next five years.
These restaurants will be incremental to eight Arby's franchise restaurants previously operated by Celebi in Turkey, which Tab Gida purchased as part of a separate agreement between the two organizations.
"Our agreement with Tab Gida is another important step in our international growth strategy," said Wendy's/Arby's Group President and Chief Executive Officer Roland Smith...
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Board Approves $75 Million Increase in Stock Repurchase Authorization to a Total of $325 Million ATLANTA (BUSINESS WIRE) -- Wendy's/Arby's Group, Inc. (NYSE: WEN), the parent company of Wendy's International, Inc. and Arby's Restaurant Group, Inc., today announced the results of its 2010 Annual Meeting of Stockholders, which was held on May 27, 2010 in New York City.
The Company's stockholders voted to elect 12 directors: Nelson Peltz, Peter W. May, Clive Chajet, Edward P. Garden, Janet Hill, Joseph A. Levato, J. Randolph Lewis, Peter H. Rothschild, David E. Schwab II, Roland C. Smith, Raymond S. Troubh, and Jack G. Wasserman. Each director will serve until the 2011 Annual Meeting of Stockholders. Eleven of the twelve directors were previous Board members...
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ATLANTA (BUSINESS WIRE) -- Wendy's/Arby's Group, Inc. (NYSE:WEN), the third largest quick-service restaurant company in the United States, today announced that its subsidiary, Wendy's/Arby's Restaurants, LLC, has completed a new $650 million senior secured credit facility, which includes a $150 million revolving credit facility and a $500 million term loan.
Proceeds from the new term loan were used to retire approximately $251 million of outstanding indebtedness under the Company's existing term loan, which was to mature in 2012, and will be used to redeem $200 million of Wendy's International, Inc.'s 6.25% senior notes due November 15, 2011, plus a redemption premium of approximately $15 million. The remainder of the proceeds of the term loan will be used to pay related expenses of the transaction, with approximately $15 million of residual cash added to the balance sheet...
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Hala Moddelmog Returns Home to the Arby's Brand Where She Began Her Business Career Previously was President of Church's Chicken and Susan G. Komen for the Cure ATLANTA (BUSINESS WIRE) -- Wendy's/Arby's Group, Inc. (NYSE:WEN) announced today that Hala Moddelmog, 54, has been named President of Arby's Restaurant Group, Inc. Moddelmog is a seasoned restaurant industry executive with a proven track record and she has extensive experience leading successful, high performance organizations.
She will begin her new duties on May 20 and report to Wendy's/Arby's Group President and Chief Executive Officer Roland Smith.
Moddelmog's extensive leadership background includes service from 1995-2004 as President of Church's Chicken, which is now the world's fourth-largest chicken chain with more than 1,650 restaurants...
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This web page does not constitute a franchise offering or an offer to sell a franchise. A franchise offering can be made by us only in a state if we are first registered, excluded, exempted or otherwise qualified to offer franchises in that state, and only if we provide you with an appropriate franchise disclosure document.
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Wendy's/Arby's Group, Inc. is the nation's third largest quick service restaurant company and is comprised of the Wendy's(R) and Arby's(R) brands, two companies distinguished by traditions of quality food and service.
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