the wendy ' s company
the wendy’s company (“wendy’s”) is one of the largest quick - service hamburger companies in the world .
acquired the company in july 2011 and owns 81. 5% of the company, with
of cashier employees at the wendy' s company think they are paid fairly .
new company will be named wendy' s / arby' s group, inc .
of crew member employees at the wendy' s company think they are paid fairly .
of shift manager employees at the wendy' s company think they are paid fairly .
the wendy' s company switches the listing for its stock from the new york stock exchange to nasdaq .
the company' s presentation of ebitda is not intended to replace the presentation of the company' s financial results in accordance with gaap .
revenue of the wendy' s company worldwide from 2009 to 2017 (in billion u. s. dollars )
net income of the wendy' s company worldwide from 2009 to 2017 (in million u. s. dollars )
operating income of the wendy' s company worldwide from 2009 to 2017 (in million u. s. dollars )
total assets of the wendy' s company worldwide from 2009 to 2017 (in billion u. s. dollars )
advertising expenditure of the wendy' s company worldwide from 2014 to 2017 (in million u. s. dollars )
farber said she had just gotten off the phone with her sister wendy, 46, the company' s namesake .
new york (cnnmoney) - - the company that owns both wendy' s and arby' s is ditching the roast beef chain to focus on reinventing wendy' s .
wendy' s and arby' s merges, creating a new public company called the wendy' s / arby' s group, inc. , headquartered in atlanta, georgia .
wendy’s opens its flagship restaurant near its dublin, ohio headquarters, featuring the company’s image - activated design concept, as well a community room that showcases dave thomas memorabilia in homage to the company’s history .
roark capital group (81. 5 %); the wendy' s company (18. 5% )
wendy’s successfully spins off tim hortons as a separate public company, with an initial public offering of the canadian chain .
wendy' s has been modernizing the look of some of its stores. image source: wendy' s .
number of wendy' s restaurants in the u. s. 2011 - 2017
the wendy’s company (nasdaq: wen), a hospitality company based in united states, saw significant share price volatility over the past couple of months on the nasdaqgs, rising to the highs ofread more ...
cost of sales of the wendy' s company worldwide from 2009 to 2017, by segment (in million u. s. dollars )
wendy’s also reported that first quarter earnings fell 72 percent in part because of expenses tied to a board committee’s search for alternatives that would bolster the company’s shares .
wendy' s introduces the wendy' s service excellence® program in the western region of the u. s. ; later, it expands to every restaurant nationwide .
this statistic shows the net income of the wendy' s company worldwide from 2009 to 2017. fast food chain wendy' s had a net income of approximately 194 million u. s. dollars in 2017 .
he had argued in a letter to wendy' s chairman james pickett that triac would be a natural buyer of wendy' s. peltz gained three seats on the company' s board last year .
wendy' s / arby' s retains 18. 5% ownership of arby' s
wendy' s and arby' s both franchise the majority of their restaurants. a franchisee, usually a local entrepreneur, requests permission from the company in order to open a wendy’s or arby' s restaurant. the company' s franchising agreement requires the franchisee to provide the initial capital for equipment, signs, seating and decorations. meanwhile, the company owns or obtains long - term leases for the building of the restaurant and the land. these franchises generate revenue for the company through payment of rent, royalties based on sales, and initial fees .
wendy' s / arby' s group, inc. changes its name to the wendy' s company upon the spin - off of the arby' s® brand. wendy' s then announces the move of its corporate headquarters back to its original location, dublin, ohio, after three years in atlanta, georgia .
wendy' s celebrates its 25th birthday with nearly 4, 400 restaurants. the company finishes the year with all - time record sales and profitability .
the wendy' s company, through its subsidiaries, operates as a quick - service restaurant company. it is involved in operating, developing, and franchising a system of quick - service restaurants specializing in hamburger sandwiches. the company' s restaurants offer a range of chicken breast sandwiches, chicken nuggets, chili, french fries, baked potatoes, salads, soft drinks, desserts, and kids' meals. as of april 20, 2018, its restaurant system included approximately 6, 600 franchise and company - operated restaurants worldwide. the company was formerly known as wendy' s / arby' s group, inc. and changed its name to the wendy' s company in july 2011. the wendy' s company was founded in 1969 and is headquartered in dublin, ohio .
number of wendy' s restaurants in the u. s. in 2017, by state
in january 2011, it was announced that wendy' s / arby' s group were looking into selling the arby' s side of the business to focus on the wendy' s brand .
ebitda is used by the company as a performance measure for benchmarking against the company' s peers and competitors. the company believes ebitda is useful to investors because it is frequently used by securities analysts, investors and other interested parties to evaluate companies in the restaurant industry .
the marketing venture was a failure resulting in lawsuits being filed by each company against the other .
in 2011, following the merger of wendy’s international and triarc (which became known as the wendy’s / arby’s group, inc. and thereafter wendy’s), trian helped devise several operational initiatives focused on improving and growing the core wendy’s brand. after selling control of the arby’s brand in mid - 2011, wendy’s launched image activation, a remodel program, in 2012 with the goal of substantially reimaging the system’s restaurants by 2020. in 2013, wendy’s embarked on a refranchising strategy (called system optimization) to significantly reduce the percentage of company - owned stores by the end of 2016. additionally, wendy’s sold its bakery operations in mid - 2015. in 2017, wendy’s announced significant overhead reductions for completion by 2020 .
sold: arby' s buys wendy' s for $ 2. 34 billion
american customer satisfaction index: wendy' s restaurants in the u. s. 2000 - 2017
the wendy’s holds the first father' s day frosty weekend at restaurants in the u. s. and canada, raising more than $ 1 million for the dave thomas foundation for adoption' s signature program, wendy' s wonderful kids® .
over the past 12 months, the special committee of the wendy' s board conducted a rigorous process that will result in wendy' s shareholders receiving a premium for their shares ,
said james v. pickett, wendy' s chairman .
we believe this transaction with triarc is in the best interests of all of wendy' s constituencies and represents superior value to what the board anticipates wendy' s would have generated as an independent company .
wendy’s begins its menu diversification program by adding the salad bar to its menu .
nelson peltz, peter may and matt peltz serve on the board of wendy’s .
roland smith, 53, triarc' s chief executive officer, will continue in that role for the combined company and also will become chief executive officer of the wendy' s brand .
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. the combined restaurant systems include more than 10, 000 restaurants in the u. s. and 26 other countries and u. s. territories worldwide .
wendy' s ceo todd penegor explains how the chain is driving sales via the brand' s creative twitter account .
trian originally invested in wendy’s international, inc. , the predecessor company of wendy’s, in late 2005, as trian believed there were opportunities to improve value in the brand as a standalone hamburger business by divesting ancillary brands, and returning capital to shareholders. in september 2008, trian helped to orchestrate a merger between triarc companies, inc. (which owned the arby’s® restaurant company) and wendy’s international .
service attributes in wendy' s drive - thrus in the u. s. as of july 2017
wendy’s makes another bold marketing move by introducing the wendy' s super value menu, featuring nine quality items available every day for just 99¢ each .
the new owners turned the company around by closing more underperforming locations, changing the company' s marketing strategy, and by introducing new products on a regular basis. after four years, arby' s was able to issue a $ 300
wendy' s opens its 5, 000th restaurant, a wendy' s / tim hortons combo unit located in columbus, ohio .
the wendy' s board has been studying strategic alternatives since early last year, and expenses related to that contributed to the company' s 72 percent drop in first - quarter earning announced thursday .
wendy’s deferred comment to triarc, which said it would discuss the deal later thursday .
triarc said it will also change its name to include the wendy' s name .
wendy' s / arby' s group, inc. is the third largest quick - service restaurant company in the united states and is the franchisor of the wendy' s (r) and arby' s (r) restaurant systems. the combined restaurant systems include more than 10, 000 restaurants in 50 states and 21 countries worldwide. to learn more about wendy' s / arby' s, please visit the company' s web site at www. wendysarbys. com, which will be available beginning on september 30, 2008 .
there can be no assurance as to the actual value that may be realized with respect to the 18. 5% common stock interest in the arby' s business retained by the company. furthermore, there can be no assurance of the ultimate value of the tax benefit to the company, whether the company will be able to utilize such benefit and, if utilized, the time frame of such utilization .
wendy' s sells arby' s for $ 430 million - jun. 13, 2011
wendy' s / arby' s group will have a consolidated support center based in atlanta, georgia, which will oversee all public company responsibilities and shared service functions. the headquarters of the wendy' s brand will remain in dublin, ohio and the headquarters of the arby' s brand will remain in atlanta, georgia .
he also said the name of the company will eventually be changed, but that the new name won' t be announced until the deal closes .
wendy' s is full steam ahead on trying to craft the future of ordering fast food. thestreet talks with wendy' s ceo todd penegor at the deal' s annual corporate governance conference .
upon consummation of the merger, the combined company will be called wendy' s / arby' s group, inc. and will trade under the symbol
wen
on the new york stock exchange. triarc and wendy' s (r) expect that the merger will be consummated on or about september 29, 2008 .
wendy’s announced today that additional malicious cyber activity has recently been discovered in some franchise - operated restaurants. wendy’s has disabled the malware where it has been detected .
triarc will pay about $ 26. 78 per share for the company, which has about 87 million shares outstanding. the price is a premium of 6 percent from the company' s closing price of $ 25. 32 wednesday .
wendy' s is an international fast food restaurant chain. founded in the united states in 1969, it now has over 6, 500 outlets worldwide. in 2017, there were 5, 432 franchised and 337 company - owned wendy' s restaurants in the u. s .
pam thomas farber, 53, the daughter of wendy’s founder, dave thomas, said the family was devastated by the news .
dublin, ohio — the owner of arby’s, the triarc companies, said thursday that it was buying the hamburger chain, wendy’s international, in an all - stock deal worth $ 2. 34 billion that comes after the burger chain’s board rejected at least two earlier offers by the company .
- - arby' s will leverage its management team' s established track record of operational excellence to improve the results of wendy' s company - owned stores. planned operating improvements at wendy' s company - owned stores are estimated to generate approximately $ 100 million of annual incremental operating profit over time through improved costs associated with food, labor and general operating expenses .
sold: arby' s buys wendy' s for $ 2. 34 billion - abc news
wendy' s stock is listed on the new york stock exchange, using the trading symbol
wen .
kerrii anderson, ceo and president of wendy' s, said :
we are committed to a seamless transition as the merger closes, working closely with the triarc team. wendy' s has a strong foundation with outstanding employees and franchisees to help drive growth for the new company .
under the terms of the deal, shareholders at wendy’s, the nation’s no. 3 hamburger chain after mcdonalds and burger king, will receive 4. 25 shares of triarc class a stock for each share of wendy’s stock they own .
wendy' s hits the 500th restaurant milestone, with a new restaurant in toronto, canada .
wendy' s introduces the grilled chicken sandwich, as part of an expanded corporate nutrition policy .
wendy' s has a plan and it has been executing it well. these are realistic goals for 2020 that the company has steadily built toward and should be able to reach .
wendy’s research and development team earns nation’s restaurant news’ menumasters award in the category of best limited - time offer for the creation of the popular pretzel bacon cheeseburger .
wendy' s introduces
where' s the beef® ?
starring clara peller and sidekicks elizabeth shaw and mildred lane .
where' s the beef ?
was the year’s most popular television commercial .
wendy' s launches a company - wide transformation that will contemporize the brand and improve the customer experience. key initiatives include bold new restaurant designs, product innovation, and engaging advertising and digital media .
initial franchise investments for wendy' s restaurants in the united states in 2017 (in u. s. dollars) *
wendy’s announces it plans to sell all 135 company - operated canadian restaurants to new and existing franchisees. this strategy aims to create a strong platform for future growth .
wendy' s / arby' s group plans to hold a conference call for analysts and investors in early november to discuss third quarter financial results, as well as to provide an update on the progress of the combined company' s merger integration activities .
as triarc completed its first decade of business, executives completed the transformation of the company into a branded consumer products company. in 1999, triarc sold its stake in national propane, leaving it focused on the production and marketing of beverages and the marketing of its franchise restaurant systems. as the company prepared for the 21st century, further brand development in these two core business segments stood as the primary emphasis for the future .
wendy' s international, inc. is one of the world' s most successful restaurant operating and franchising companies, with more than 6, 600 wendy' s restaurants in the united states, canada and international markets .
wendy' s introduces its new natural - cut french fries with sea salt in the u. s. , marking the first complete redesign of the company' s classic fries. made from 100% russet potatoes, the fries are sliced
natural - style
with the skin on for additional texture and taste .
↑ wendy' s 2007 10 - k item 1. business - franchise restaurants
million in dividends, which result in wendy' s receiving $ 54. 9
wendy' s opens its 3, 000th restaurant, located in the french quarter in new orleans .
wendy' s introduces the baconator® — a double cheeseburger with six strips of bacon and fresh toppings .
wendy' s adds the vanilla - flavored frosty™ to the menu, giving customers another tasty option for its iconic dessert .
combination will create third largest u. s. quick service restaurant company with approximately $ 12. 5 billion in annual system sales significant operational improvements and several growth initiatives are planned for arby' s and wendy' s brands
under the terms of the deal, which is expected to close in the second half of the year, shareholders at wendy' s will receive 4. 25 shares of triarc class a stock for each share of wendy' s stock they own .
fresh beef costs at wendy' s: wendy' s main product is hamburgers, making it particularly sensitive to fluctuations in the price of beef. wendy' s purchases as much as 17 - 20 million pounds each financial quarter. wendy' s battle with volatile beef costs is further complicated by the fact that the company uses fresh beef in its food offerings. because wendy' s ships its beef no more than seven days in advance, it is unable to take full advantage of drops in the price of beef through stockpiling. however, wendy' s tries to hedge these risks by by buying beef futures and other derivatives to lock in prices and lower volatility .
the roast town concept received poor marks in market tests and was quickly discontinued. pierce and his team left the company and it sold all of its 354 company - owned locations to rtm restaurant group, an existing arby' s franchise, for $ 71
dublin, ohio, july 9, 2018 / prnewswire / - - the wendy' s company (wen) will release its second quarter 2018 results after the market closes on tuesday, august 7. the company will host a conference call on wednesday, august 8 at 9: 00 a. m. et, and a simultaneous webcast and the related presentation materials will be publicly available on the investors section of the company' s website at urltoken the live conference call will also be available by telephone at (877) 572 - 6014 for domestic callers and (281) 913 - 8524 for international callers. the archived webcast and presentation materials will also be publicly available on the company' s website. wendy' s® was founded in 1969 by dave thomas in columbus, ohio .
wendy' s became the first national quick - service restaurant chain to introduce hot stuffed baked potatoes nationwide .
wendy' s old fashioned hamburgers was founded in 1969 in columbus, ohio by dave thomas. since 1969 wendy' s international inc. has become one of the largest restaurant operating and franchising companies in the world. wendy' s ended 2007 with just over 6, 600 wendy' s old fashioned hamburgers restaurants in operation. [ 9 ] of these, 1, 414 (21 %) were company owned and operated while the remaining 5, 231restaurants were franchised [ 10 ]. in addition to wendy' s old fashioned hamburgers, wendy' s is invested in the cafe express and pasta pomodoro restaurant chains, owning 70% and 29% of those chains, respectively [ 11 ]. until 2006 wendy' s international inc. also owned the tim hortons and baja fresh franchises .
on june 13, 2011, wendy' s / arby' s group inc. announced that it would sell the majority of its arby' s chain to
wendy’s shares fell 32 cents, to $ 25 in electronic pre - market trading .
wendy' s opens its 6, 000th restaurant, located in tijuana, mexico .
wendy’s recently reported additional malicious cyber activity involving some franchisee - operated restaurants. the company believes this criminal cyberattack resulted from a service provider’s remote access credentials being compromised, allowing access – and the ability to deploy malware – to some franchisees’ pos systems .
, and changed its name to wendy' s / arby' s group, to reflect their core businesses .
energy consumption: committed to a 20% energy reduction per transaction in u. s. company - owned restaurants by 2025
of the 1930s, nehi began to struggle; competition and lackluster sales made it hard for the company to pay its bills. hatcher died in 1933, and h. r. mott took control of nehi, dropping poor - performing drinks and streamlining operations to make the company debt free in a year. mott' s plan included taking the original chero - cola and reintroducing it. the new chero - cola, released in 1934 and named royal crown after hatcher' s first drink, was a big hit, and in the late 1950s the company changed its name to royal crown cola company. (courts ruled in 1944 that the company could once again use
cola
in its name. )
billionaire hedge fund manager nelson peltz, known for taking over and spinning off companies, has been one of wendy' s largest shareholders and has sat on the wendy' s / arby' s group board since 1993 .
the dave thomas building and conference center opens at wendy’s headquarters in dublin, ohio. this building is later awarded the u. s. green building council' s leed® silver certification .
wendy’s hosts a professional golf tournament - - the wendy' s 3tour challenge® - - to benefit the dave thomas foundation for adoption. the challenge continues through 2013, raising more than $ 11. 6 million in net proceeds over two decades .
wendy' s honors the nation' s most esteemed high school seniors by establishing the wendy’s high school heisman®, in partnership with the heisman memorial trophy® committee. each year, this leadership award recognizes well - rounded young men and women who excel in learning, performing and leading in the classroom, on the field and in the community .
roland smith, president and ceo of wendy' s / arby' s group, said in a release that the deal will
allow us to devote our full attention and resources on the exciting growth opportunities we have at wendy' s .
wendy' s shares did not pop just because the company had a decent quarter, or even a good year. investors are starting to believe that the once - struggling brand has found a road map to compete in the competitive fast - food space .
atlanta & dublin, ohio, sep 29, 2008 (business wire) - - triarc companies, inc. (nyse: try; try. b), the parent company of arby' s restaurant group, inc. , which is the franchisor of the arby' s (r) restaurant system, and wendy' s international, inc. (nyse: wen), announced today that they have completed their merger transaction. effective immediately, the combined company will be named wendy' s / arby' s group, inc .
dave thomas opens the first wendy' s® restaurant in columbus, ohio, at 257 e. broad street .
wendy' s has also delivered 15 consecutive quarters of positive same - restaurant sales. in addition, the chain has been making steady progress modernizing its stores, and reducing company ownership to less than 5% of the entire system .
revenue of wendy' s worldwide from 2015 to 2017, by segment (in million u. s. dollars )
2. there can be no assurance that the necessary triarc and wendy' s shareholder approvals of the merger will be obtained or the timing of such approvals .
also effective today, the company' s board of directors was expanded from 11 to 12 members. as previously announced, russell v. umphenour, jr. has resigned and two former wendy' s directors, janet hill and j. randolph lewis, have been appointed to the board of directors. additionally, roland c. smith has assumed the position of president and chief executive officer of wendy' s / arby' s group and chief executive officer of wendy' s, thomas a. garrett has assumed the role of president and chief executive officer of arby' s, michael i. lippert has assumed the role of chief operating officer of arby' s, j. david karam has assumed the position of president of wendy' s, stephen d. farrar has assumed the position of chief operating officer of wendy' s and kenneth c. calwell has assumed the position of chief marketing officer of wendy' s .
wendy' s merges with tim hortons®, a canadian coffee and baked goods restaurant chain .
information on this situation is included in wendy’s press release distributed on july 7, 2016 .
information on this situation is included in wendy’s press release distributed on june 9, 2016 .
under the merger agreement, wendy' s shareholders received 4. 25 shares of triarc' s class a common stock for each common share of wendy' s. in addition, each outstanding share of triarc class b common stock, series 1, was converted into one share of triarc class a common stock, resulting in a post - merger company with a single class of common stock. commencing on tuesday, september 30, 2008, the combined company will trade under the symbol
wen
on the new york stock exchange. in addition, the company will unveil a new corporate web site at urltoken concurrently with the opening of the stock market on that date .
source: international directory of company histories, vol. 34. st. james press, 2000 .
the quick service industry (qsr) is one of the largest components of the over $ 440 billion restaurant and food service industry, and is one of the most competitive industries in the world. [ 41 ] wendy' s international most clearly falls under the fast food hamburger category, and competes against multi - national giants mcdonalds, burger king and wendy' s. arby' s, on the other hand, competes more closely with specialty qsr' s such as sonic, quiznos and subway. more broadly, both company compete with yum! brands, parent company of kfc and taco bell .
wendy’s unveils a new, contemporary brand logo in wendy' s restaurants, on uniforms and on packaging, as part of its brand transformation initiative. this is the first major logo change in 30 years .
the company believes this financial measure provides a meaningful perspective of the underlying operating performance of the company' s current business. ebitda is not a recognized term under u. s. generally accepted accounting principles (
gaap
). because all companies do not calculate ebitda and similarly titled financial measures in the same way, those measures as used by other companies may not be consistent with the way the company calculates such measures and should not be considered as alternative measures of operating profit or net loss .
those prediction sent shares in the company, which had been relatively flat for much of the year, much higher to close 2015. after ending 2015 at $ 10. 77, the company' s stock finished 2016 at $ 13. 52, a 25% gain, according to data from s & p global market intelligence .
wendy' s celebrates its 15th birthday with more than 2, 900 restaurants in the united states and 14 countries .
systemwide sales of wendy' s worldwide from 2015 to 2017, by segment (in million u. s. dollars )
wendy' s is primarily engaged in the business of operating, developing and franchising a system of distinctive quick - service restaurants serving high quality food. as of june 29, 2008, 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 .
wendy' s once again brings bold innovation to the industry with one of the most unique and anticipated product offerings: the pretzel bacon cheeseburger. this limited time pub - style cheeseburger gains customer acclaim, outperforming any other promotional hamburger in recent wendy' s history .
triarc is a holding company and, through its subsidiary arby' s restaurant group, inc. , is the franchisor of the arby' s (r) restaurant system. arby' s is the second largest restaurant franchising system in the sandwich segment of the quick service restaurant industry. as of june 29, 2008, there were a total of 3, 719 arby' s restaurants in the system, including 1, 169 company - owned and 2, 550 franchised locations .
wendy' s average worldwide sales per unit from 2015 to 2017, by segment (in million u. s. dollars )
wendy’s wins a silver cannes lion in the promo & activations category for the use of social platforms for its pretzel bacon cheeseburger # pretzellovesongs digital campaign .
the trend toward cigarettes spelled the end for dwg' s cigar operations. quite gradually, the company began to consider other lines of business where its wholesale and distribution skills could be effectively employed. in the meantime, dwg reorganized its stagnant but still profitable tobacco operations. the company purchased the m. trelles company in new orleans in 1961, and in 1963 formed a new subsidiary in columbia to oversee the company' s south american buying and processing operations. by this time, several other cigar operations had been wound up, and the product line was slimmed down. this process helped to derive new efficiencies from dwg' s cigar business, but also compacted the widely varied operations into a single unit that could be disposed of quickly and easily .
“it’s a very sad day for wendy’s, and our family, ” ms. farber said. “we just didn’t think this would be the outcome. ”
dave thomas’ and wendy' s support of adoption awareness programs reaches new heights when the u. s. postal service releases a postage stamp celebrating adoption .
the announcement comes after top executives at the company said earlier this year, that they were searching for
strategic alternatives
for arby' s, after being approached by an unnamed buyer .
rc cola was bought in october 2000 by the british company cadbury schweppes. its u. s. operations continue under cadbury schweppes' s largest beverage subsidiary, while its international operations are handled by canada' s cott corporation .
information on this situation was included in wendy’s q1 2016 earnings release distributed on may 11, 2016 .
wendy' s (wen) down 3. 5% since earnings report: can it rebound ?
the transaction will bring together arby' s and wendy' s, two leading quick service restaurant brands distinguished by traditions of quality food and service. the combined systems will have approximately 10, 000 restaurant units and pro forma annual system sales of approximately $ 12. 5 billion, positioning it as the nation' s third largest quick service restaurant company .
wendy’s is in the late stages of its investigation into unusual payment card activity at some restaurant locations, with the support of cybersecurity experts and other resources. the investigation began earlier this year and is proceeding as expeditiously as possible. based on the preliminary findings of the investigation and other information, wendy’s believes that malware affected one particular point of sale system at fewer than 300 of approximately 5, 500 franchised north america wendy’s restaurants, starting in the fall of 2015 .
soon after detecting the malware, wendy’s identified a method of disabling it and thereafter has disabled the malware in all franchisee restaurants where it has been discovered. the investigation has confirmed that criminals used malware believed to have been effectively deployed on some wendy’s franchisee systems starting in late fall 2015 .
“we knew what dave karam’s commitment was to wendy’s, his family’s commitment — just as ours, ” she said. “his dad was a very good friend of our dad’s and was one of the very first franchisees, so there’s a lot of history. ”
as triarc set out, it comprised a jumbled mass of unrelated businesses assembled during the posner era. triarc' s management was intent on giving the company what it had lacked for decades - - a defined strategic focus - - which meant shedding disparate assets such as lamp manufacturing operations and grapefruit groves and creating a company with a much narrower operating scope. divestitures ensued, leaving the company focused on four areas of interest: soft drinks, fast food, textiles, and liquefied petroleum gas. the company' s strategic focus would be sharpened further, but initially, amid a series of divestitures, attention had to be paid to resolving the operational difficulties bred under the controversial leadership of posner. by 1995, much of the healing work was completed, enabling executives to devote their energies toward more positive work. with the proceeds gained from asset sales, triarc assumed an acquisitive posture and began adopting the attributes that described the company at the start of the 21st century .
wendy' s financial advisors were j. p. morgan securities inc. and greenhill & co. llc. wendy' s legal advisors were akin gump strauss hauer & feld llp and winston and strawn, and the special committee' s legal advisor was baker hostetler .
wendy' s adds five fresh salads to go to the menu: grilled chicken, deluxe garden, taco caesar and side salads .
farber said the family had a supported an alternate bid led by wendy' s franchisee david karam, president of cedar enterprises inc .
the transaction is subject to regulatory approvals and customary closing conditions, including the expiration or termination of the waiting period under the hart - scott - rodino antitrust improvements act of 1976. the transaction also requires the approval of triarc and wendy' s shareholders. the transaction is expected to close in the second half of 2008 .
wendy' s international inc. deferred comment to triarc, which had nothing further to say right away .
5. triarc, wendy' s and their respective directors, executive officers and certain other members of management and employees may be soliciting proxies from triarc and wendy' s stockholders in favor of the stockholder approvals required in connection with the merger. information regarding the persons who may, under the rules of the sec, be considered participants in the solicitation of the triarc and wendy' s stockholders in connection with the stockholder approvals required in connection with the proposed merger will be set forth in the proxy statement / prospectus when it is filed with the sec. you can find information about triarc' s executive officers and directors in its definitive proxy statement filed with the sec on april 30, 2007. you can find information about wendy' s executive officers and directors in its definitive proxy statement filed with the sec on march 12, 2007. you can obtain free copies of these documents from triarc and wendy' s using the contact information below .
peltz was named chairman and chief executive officer of triarc while may was named president and chief operating officer. the new team appointed a series of new heads for the company' s subsidiaries. john carson was put in charge of royal crown, donald pierce took over at arby' s, ronald paliughi headed national propane, and douglas kingsmore was promoted to the top position at graniteville. the ouster of victor posner, the change in management and, perhaps most importantly, the supervision of the company' s activities by judge lambros did a great deal to shore up dwg' s balance sheet and improve share value. these provided an important base for the company as it began its transformation into triarc .
supplier code of conduct: in 2016, wendy’s launched its supplier code of conduct, deployed to the company’s suppliers of food, paper and packaging, which covers topics such as human rights and labor practices, environmentally sustainable business practices and food safety. in 2017, wendy’s expanded the code of conduct to include additional assurances and requirements related to human rights and labor practices for certain suppliers of hand - harvested, whole fresh produce
dwg became the controlling agent for only half of posner' s empire. he used another company, the vulcanized fiber manufacturer nvf, to build up a controlling interest in pennsylvania - based sharon steel corp. , one of the country' s largest specialty steel manufacturers .
consumer spending in the quick service restaurant sector in the u. s. 2004 - 2017
the wendy’s board has been studying strategic alternatives since early last year. sales have slid in struggling economy that has hurt many restaurant chains .
ms. farber said the family had a supported an alternate bid led by a wendy’s franchisee, david karam, president of cedar enterprises .
wendy' s opens its state - of - the - art research and development innovation center at its corporate headquarters in dublin, ohio .
wendy' s directors deeply appreciate the patience and dedication of our shareholders, franchisees and employees during a long process. wendy' s needs stability and bringing closure will enable our employees and franchisees to focus solely on the business and customers. the board and management look forward to working with the triarc team ,
said pickett .
we believe the combination of arby' s and wendy' s will create a powerful new restaurant company and a' must own' restaurant stock with significant upside potential as we execute on the many opportunities we see to expand and improve these two very valuable brands ,
said roland smith .
working together with the wendy' s team, we expect to improve margins significantly at wendy' s company - owned stores. we also expect to drive significant synergies and improve efficiency, resulting in substantial annual savings for our combined organization. through the execution of major operating improvements and the realization of synergies, we expect to generate substantial value for shareholders. we also expect to execute on a number of growth initiatives for the combined organization that should further increase shareholder value .
wendy' s, based in suburban dublin, operates about 6, 600 restaurants in the united states and abroad. it trails mcdonald' s and burger king holdings inc. in the burger business .
wendy’s opens 90° lab in columbus, ohio to fuel future technology innovation. the lab is designed to provide an open, collaborative environment for wendy’s team members to create ideas and solutions for consumer - facing opportunities, as well as key business initiatives .
ubs investment bank acted as financial advisor to wendy' s / arby' s group, inc. paul, weiss, rifkind, wharton & garrison llp is serving as legal advisor to the company. king & spalding llp and dla piper llp are serving as legal advisors to roark capital group .
the wendy' s / arby' s group also signed a similar franchise deal in june 2010 with tab gida sanayi ve ticaret to open dual - branded restaurants in turkey .
peltz, who runs the trian fund, and his allies own 9. 8 percent of wendy' s stock. arby' s has more than 3, 000 restaurants .
in the meantime, it is always a good idea to regularly monitor card accounts and to quickly report suspicious activity to your bank or credit card company .
as we move through this transition year, we are laying the groundwork for wendy' s to deliver 10% to 15% average annual ebitda growth in 2012 and beyond. we view wendy' s as one of the most attractive growth stories in the quick - service restaurant industry ,
smith said .
it was the philly cheesesteak and the fajita beef. the beef fajita returned with the new chicken fajita in 2009 .
wendy' s / arby' s group expects that arby' s will be reported as a discontinued operation in wendy' s / arby' s group' s second quarter 2011 financial results. the transaction is expected to close early in the third quarter and is subject to regulatory approvals and customary closing conditions, including the expiration or termination of the waiting period under the hart - scott - rodino antitrust improvements act of 1976. the agreement provides for post - closing adjustments to the purchase price, based primarily on net working capital. there can be no assurance that the transaction will be completed .
triarc operates and franchises arby' s, a chain of fast food restaurants specializing in roast beef sandwiches with a total of 3, 700 company - owned and franchised restaurants nationwide. [ 1 ] in may, 2008, triarc announced its $ 2. 4 billion acquisition of wendy' s international, [ 2 ] one of the world' s largest hamburger chains, with just under 6, 000 total restaurants in the united states as well as an additional 600 international locations. [ 3 ] as of fy 2007, wendy' s had a 14% market share of the fast food, or quick service restaurant (qsr) industry. the combined company will have approximately 10, 000 restaurant units and projected annual sales of approximately $ 12. 5 billion, making it the nation' s third largest quick service restaurant company. [ 4 ]
wendy’s has received the final report from its investigator related to the separate malware discussed in wendy’s may 11 update. that malware targeted similar payment card information, including credit or debit card number, expiration date, cardholder verification value, and service code, but did not target customer names .
the aggregate transaction value is estimated to be $ 430 million. the terms of the agreement provide for wendy' s / arby' s group to receive at closing approximately $ 130 million of cash, subject to customary adjustments, and retain an 18. 5% common stock interest in the arby' s business expected to be valued at approximately $ 30 million. the buyer will assume approximately $ 190 million of arby' s - related debt, consisting primarily of capital lease and sale - leaseback obligations. the terms of the transaction will trigger an income tax benefit to wendy' s / arby' s group valued at an estimated $ 80 million, which wendy' s / arby' s group currently expects to realize over the next few years .
under the merger agreement, wendy' s shareholders will receive 4. 25 shares of triarc' s class a common stock for each share of wendy' s common stock that they own. in addition, each outstanding share of triarc class b common stock, series 1, will be converted into one share of triarc class a common stock, resulting in a post - merger company with a single class of common stock .
fast food burger chains with the best fries in the u. s. as of june 2015
wendy' s and arby' s have been slower to move into the fast - food breakfast market than competitor mcdonald' s. breakfast sales have propelled growth at mcdonald' s in the last fiscal year; 2007 breakfast sales were expected to top $ 8 billion or over a quarter or total sales. breakfast is partly responsible for the discrepancy in the per restaurant sales of the two chains. mcdonald' s generates $ 1. 8m per year compared with $ 1. 4m and $ 1. 01m at wendy' s and arby' s. as of the first quarter of 2008, wendy' s offered breakfast menus at 1, 000 of its 6, 600 locations. [ 42 ]
rising food costs bite into margins: wendy' s and arby' s are both heavily dependent on a wide array of agricultural commodities such as beef, corn, cheese and poultry. over the past few years, the prices of these commodities have increased drastically; on the other hand, intense competition in the qsr industry limits arby' s and wendy' s ability to pass these costs onto customers [ 34 ] .
by 1976, posner' s security management company controlled 67 percent of dwg' s shares. in addition, the parent company held a 44 percent share of nvf and another quasi - investment vehicle, the pennsylvania engineering corporation, a steelmaking equipment manufacturer which posner acquired in 1966. in turn, dwg held 51 percent of southeast public service company, 42 percent of wilson brothers and 100 percent of national propane. posner' s corporate conglomerate held few synergies - - particularly within dwg. through his other companies, posner bought small shares of burnup & simms, a small utility service company; uv industries, a smelting and mining company; and foremost - mckesson, a large food and drug company. with these similarly undervalued companies in play, and the 13d form on each president' s desk, these companies scrambled to keep posner out of their boardrooms. their defense strategies varied. foremost - mckesson sought out a rival bidder and uv industries broke up. even in cases where the companies bought up their own shares, posner usually emerged with a handsome profit. if he met no resistance, he ended up with yet another undervalued company to turn around .
a wendy' s (wen. o) restaurant in oklahoma is under fire after an employee video showing a mouse inside a bag of hamburger buns was widely shared online. the facebook video was filmed at a wendy' s restaurant in catoosa, oklahoma, the employee, sky frame, said in a post .
not only does wendy' s now have mice - we have crew members who leave cigarettes all over the place .
everything on
wendy' s
in one document: edited and divided into handy chapters. including detailed references .
triarc' s predecessor, dwg, had two very different lives. the company was first established in 1890 as a small ohio - based partnership. the founders of the deisel - wemmer company (their full names have disappeared into obscurity) dealt in the importation and manufacturing of cigars. highly popular during the early years of the 20th century, cigars were a common male accessory that indicated discretion, affluence, and manliness. the cigar trade was a very profitable business, populated with hundreds of specialty manufacturers .
wendy' s has its initial public stock offering on the nasdaq exchange, issuing one million common shares of stock, at $ 28 per share .
wendy’s establishes the dave thomas foundation for adoption®, a charity with one goal: helping every child in foster care find a permanent, loving home .
mark pendergrast, for god, country, and cola - cola: the definitive history of the great american soft drink and the company that makes it, 2d ed. (new york: basic books, 2000) .
it' s a very sad day for wendy' s, and our family. we just didn' t think this would be the outcome ,
said farber, 53 .
a young pharmacist named claud hatcher developed rc as a bottled drink in 1905 to sell in his family' s grocery store. after customers clamored for the drink, the family expanded into the soft - drink business, starting union bottling works. its best - selling product, chero - cola, helped the company grow so rapidly that by 1920 it had 700 franchise bottling plants. known as the chero - cola company, it faced a lawsuit from cola - cola, which insisted on exclusive rights to the word
cola .
high legal bills and rising sugar prices forced the company to drop
cola
from its name in 1923 .
heine, through his granada investments company, sued posner for failing to take his $ 22 per share bid for dwg seriously. posner countersued, maintaining that the bid was without merit. in 1991 posner lost to heine, whose company was awarded $ 5. 5 million for its expenses. in addition, judge thomas d. lambros, noting court investigations of posner' s compensation and charges of illegal stock trading to acquire fischbach, appointed three directors to dwg' s board, with responsibility for the company' s audit, compensation, and intercorporate transactions committees .
the company continued to grow, and in 1954 it became the first beverage company to nationally distribute soft drinks in cans. shortly thereafter, in 1959, rc became one of the first to introduce the sixteen - ounce bottle. the company produced the first low - calorie diet cola (diet rite), the first caffeine - free diet cola (rc 100), and the first diet cherry cola (diet cherry rc). yet despite such innovations, royal crown products reportedly reached only 2. 5 percent of the soft - drink market in the mid - 1990s; coke was the leader with about 43 percent, just ahead of pepsi, which had about 31 percent of the market share. today, none of the top - ten - selling soft drinks are royal crown products .
wendy’s announces the completion of its system optimization initiative with the sale of 104 restaurants in four u. s. markets. the move is part of a strategy to geographically align its restaurant ownership for efficiencies, while generating a more predictable revenue stream .
bowers, paige .
royal crown cola company .
new georgia encyclopedia. 19 august 2013. web. 09 july 2018 .
wendy’s partners with honest tea to launch honest tropical green tea, a proprietary blend of fair trade certified organic green tea leaves with hints of mango and pineapple flavors, and sweetened with fair trade organic cane sugar. the freshly brewed iced tea flavor is exclusive to wendy’s .
healthy menu options: wendy’s is a leading purveyor of salads and was the first quick service restaurant to create a salad bar in 1979. in june 2018, wendy’s announced initiatives to source vine - ripened tomatoes for its north american restaurants exclusively from greenhouse farms by early 2019
the wendy 's company , is an american holding company for the major fast food chain , wendy 's . its headquarters are in dublin , ohio . the company was known as deisel-wemmer co. from 1884 to 1929 , deisel-wemmer-gilbert corporation from 1929 to 1946 , dwg cigar corporation from 1946 to 1966 , dwg corporation from 1966 to 1993 , triarc companies , inc. from 1993 to 2008 , and wendy 's / arby 's group , inc. from 2008 to 2011 . the company 's principal subsidiary , wendy 's international , is the franchisor of wendy 's restaurants . the company is also a franchisor of t.j. cinnamons and the pasta connection , owns 243 t.j. cinnamons outlets and 6 pasta connection outlets and is a minority owner ( 18.5 % ) of the arby 's fast food roast beef sandwich chain . 
the wendy's company, is an american holding company for the major fast food chain, wendy's. its headquarters are in dublin, ohio. the company was known as deisel-wemmer co. from 1884 to 1929, deisel-wemmer-gilbert corporation from 1929 to 1946, dwg cigar corporation from 1946 to 1966, dwg corporation from 1966 to 1993, triarc companies, inc. from 1993 to 2008, and wendy's / arby's group, inc. from 2008 to 2011. the company's principal subsidiary, wendy's international, is the franchisor of wendy's restaurants. the company is also a franchisor of t.j. cinnamons and the pasta connection, owns 243 t.j. cinnamons outlets and 6 pasta connection outlets and is a minority owner (18.5 %) of the arby's fast food roast beef sandwich chain.
the wendy's company, is an american holding company for the major fast food chain, wendy's. its headquarters are in dublin, ohio. the company was known as deisel-wemmer co. from 1884 to 1929, deisel-wemmer-gilbert corporation from 1929 to 1946, dwg cigar corporation from 1946 to 1966, dwg corporation from 1966 to 1993, triarc companies, inc. from 1993 to 2008, and wendy's / arby's group, inc. from 2008 to 2011. the company's principal subsidiary, wendy's international, is the franchisor of wendy's restaurants. the company is also a franchisor of t.j. cinnamons and the pasta connection, owns 243 t.j. cinnamons outlets and 6 pasta connection outlets and is a minority owner (18.5 %) of the arby's fast food roast beef sandwich chain.