Franchise news


Triarc and Wendy’s shareholders approve merger

Triarc Companies, Inc. and Wendy's International, Inc. announced recently that their respective shareholders have approved all proposals related to the pending merger. According to the information provided, the transaction is expected to be completed by the end of September. Once the merger has been closed, the combined company will be called Wendy’s/Arby’s Group, Inc.

Roland Smith, Chief Executive Officer of Triarc, commented on the deal, saying, “We are very pleased that the shareholders of both Triarc and Wendy’s have approved the merger, and we look forward to working together with employees of both companies in setting a new course for the Wendy’s/Arby’s Group.”

Triarc is a holding company and, through its subsidiary Arby’s Restaurant Group, Inc., is the franchisor of the Arby’s® restaurant system. Arby’s is, it says, the second largest restaurant franchising system in the sandwich segment of the quick service restaurant industry. The network currently consists of 3,719 Arby’s restaurants made up of 1,169 company-owned and 2,550 franchised locations. Wendy’s operates quick-service restaurants. At present it has 6,625 Wendy’s restaurants in the United States as well as in 21 other countries and territories. (kbp)

Arby's (USA)

quick-service restaurants serving roast beef, chicken and specialty sandwiches
» to the franchisor

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Triarc and Wendy’s shareholders approve merger

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Arby’s signs agreements to develop 35 new restaurants in thirteen states

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