WENDY’S ARBY’S GROUP
WENDY’S ARBY’S GROUP (WEN)
Wendy’s/Arby’s Group, Inc (NYSE: WEN) is a holding company for two major fast food chains, Arby’s and Wendy’s. Wendy’s/Arby’s Group has its headquarters in Sandy Springs, Georgia.
The company’s principal subsidiaries, Arby’s Restaurant Group, Inc. (ARG) and Wendy’s International, are the franchisors of Arby’s and Wendy’s restaurants, respectively. As of June 2008, the combined company has over 10,000 restaurants in both chains. There were a total of 3,719 Arby’s restaurants in the system, including 1,169 Company-owned and 2,550 franchised locations.
There were 6,625 Wendy’s restaurants in operation in the United States and in 21 other countries and territories. Of these restaurants, 1,402 were operated by Wendy’s and 5,223 by Wendy’s franchisees. The company is also a franchisor of T.J. Cinnamons and the Pasta Connection and owns 243 T.J. Cinnamons outlets and 6 Pasta Connection outlets.
On April 24, 2008, Triarc announced the acquisition of Wendy’s, the international fast food company. The transaction was part of the company’s strategy to transition from a holding company for varied businesses into a true food and beverage company. Under the terms of the deal announced, the stock swap will go for $2.3 billion. The purchase was finalized on September 15, 2008, when shareholders of both Triarc and Wendy’s agreed to the terms. As part of the terms, the name was changed to Wendy’s/Arby’s Group, Inc.