Wendy's/Arby's Group Announces Major Development Agreement with Tab Gida
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. "We're accelerating our international expansion opportunities by working with proven operators, like Tab Gida, who know how to successfully develop and operate quick-service restaurants."
Tab Gida General Manager Cancer Dikici said, "We're proud to add Arby's, which is known for its quality food and service, to our brand portfolio. With slow-roasted, freshly sliced roast beef and Beef 'n Cheddar sandwiches, curly fries and other signature products, we will offer our customers great-tasting alternatives to traditional quick-service food."
Tab Gida, operating in the quick-service restaurant segment since 1995, owns or sub-franchises more than 430 restaurants in metropolitan areas throughout Turkey. With the addition of Arby's, the company's restaurant portfolio now includes four well-known international brands.
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 restaurant system. The combined restaurant systems include more than 10,000 restaurants in the U.S. and 24 countries and territories worldwide.
Note: Arby's franchisees are independent third parties that Wendy's/Arby's Group and its subsidiaries do not control.Numerous factors beyond the control of the company and its franchisees may affect new restaurant openings.Accordingly, there can be no assurance that commitments under development agreements with franchisees will result in new restaurant openings.
SOURCE: Wendy's/Arby's Group, Inc