The Wendy's Company (NASDAQ: WEN) announced today that it has accepted an offer from Inspire Brands (Owner of Arby's, Buffalo Wild Wings, and R Taco) to sell its 12.3% ownership interest in the company back to Inspire Brands for $450 million.
This program has the full support of the Companys Franchise Advisory Council (FAC) and the Papa Johns Franchise Association (PJFA), and follows conversations with representatives from the FAC and PJFA to help address the sales and operating challenges following comments made by the Companys founder.
…and it reveals a blueprint for the future of the fast-food giant
The property is located in Tennessee and is occupied under a triple-net lease guaranteed by Buffalo Wild Wings corporate entity.
In 1988, Cold Stone Creamery opened its first location in Tempe, Arizona, and will be rolling out 30 new stores domestically and internationally this year.
Aramark (NYSE: ARMK) today announced a strategic partnership with Oath Pizza to bring the pizzerias Certified Humane brand to new, exclusive locations, from university campuses and sporting arenas to offices, hospital cafés and more.
The property is located in Michigan and is occupied under a triple-net lease guaranteed by Arbys corporate entity with approximately 6 years of term remaining. The transaction was priced at a 7.0% going-in cash cap rate, exclusive of transaction costs.
The chain hasn't had much luck buying its way to non-coffee growth, but with Princi, there's a different plan.
KSFs investigation is focusing on whether Papa Johns officers and/or directors breached their fiduciary duties to Papa Johns shareholders or otherwise violated state or federal laws.
Focus Brands Inc. and Jamba, Inc. (Nasdaq:JMBA) today announced that the companies have entered into a definitive merger agreement under which FBI will acquire Jamba for $13.00 per share in cash, in a transaction valued at approximately $200 million.