
Tag Archives sandwich

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

Subway says it shut hundreds of U.S. restaurants last year
Reuters — U.S. sandwich chain Subway Restaurants said on Thursday it shut 359 restaurants in the U.S. last year, amid stiff competition in a highly fragmented fast-food industry. Subway, owned by Doctor’s Associates, is the world’s largest fast-food chain by number of restaurants. It had 26,744 locations operating in the U.S. at the end of […] Read more