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Wendy’s/Arby’s Group Inc. plans to slice away the Arby’s sandwich chain by putting it up for sale, people familiar with the matter said.
The move represents a concession by activist investor Nelson Peltz that Arby’s, known for its roast beef sandwiches, is having trouble competing in an industry where the only viable ways to grow are to steal market share from rivals or expand overseas-two things Wendy’s is better positioned than Arby’s to accomplish. Get the full story »
Yum Brands Inc. said it’s shopping for a buyer for its Long John Silver’s and A&W All-American Food Restaurants to focus on international expansion.
The company, which also operates Taco Bell, Pizza Hut and KFC, said the chains don’t fit in with its long-term growth strategy, and it doesn’t expect the sale to have a material effect on its ongoing earnings or cash flow. Get the full story »
