Tuesday, July 5, 2011

“Where’s the (Roast) Beef?”

The Wendy’s Company has sold the majority of its ownership of the Arby’s fast food brand.  In fact, at every Wendy’s in the country, the food tasted just a little bit better today.

Wendy’s had struggled since it was combined with Arby’s in 2008, but Wall Street now describes Wendy’s future as hot and juicy.

Arby’s was sold to Roark Capital Group, an equity firm based in Atlanta.  At first, Roark was not interested in acquiring Arby’s, but it seemed a lot more appealing once it had a little horsey sauce on it.

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