GFM Network News


Wendy’s sells stake in Arby’s owner

Reuters — Hamburger company Wendy’s Co. ended its decade-old ties with Arby’s as it sold its 12.3 per cent stake in the sandwich chain’s parent for US$450 million on Thursday, giving it a boost as it battles larger rivals McDonald’s and Burger King. Wendy’s will sell its stake to Inspire Brands, owned by Roark Capital, […] Read more