GuruFocus.com4h agobearish
Wendy's Hit by Major Franchisee BankruptcyFranchise economics are becoming a bigger turnaround challenge
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Associated Press3d agobearish
Operator of 314 US Wendy's locations files for bankruptcy protectionOne of Wendy’s largest U.S. franchisees has filed for bankruptcy protection after Wendy’s tried to terminate its franchise agreement. Meritage Hospitality Group, which operates 314 Wendy’s restaurants in 15 states, said in a statement last week it intends to keep operating its restaurants and paying its 9,000 employees during the bankruptcy process. Grand Rapids, Michigan-based Meritage filed its bankruptcy petition in federal court in western Michigan on Sept. 17.
Quartz3d agobearish
Meritage Hospitality Group files Chapter 11 bankruptcy over Wendy's strugglesMeritage Hospitality Group, which operates 314 Wendy's locations, listed $651 million in liabilities and cited brand-level marketing failures
QSR3d agobearish
Major Wendy’s Franchisee Files for BankruptcyMeritage Hospitality Group, one of the largest Wendy’s franchisees in the U.S., filed for bankruptcy after the burger chain moved to terminate its franchise rights across more than 300 restaurants. The Grand Rapids, Michigan-based company filed its petitions September 17 in the U.S. Bankruptcy Court for the Western District of Michigan. Meritage operates 320 quick-service […]
Restaurant Dive6d agobearish
Major Wendy’s franchisee declares bankruptcyMeritage Hospitality Group, which operates 314 Wendy’s units, has closed at least 60 units and opted out or altered the breakfast daypart to improve store-level EBITDA.
TheStreet6d agobearish
Burger franchisee closes 60 stores, files Chapter 11 bankruptcyThe major franchisee operates over 350 fast-food burger restaurants and six brunch cafes.
Investing.com28d agobearish
Wendy’s stock plunges as Trian shelves take-private bid, Reuters reportsInvesting.com -- Wendy's (NASDAQ: WEN) shares have dropped more than 14% in premarket trading Thursday after Reuters reported that Nelson Peltz's Trian Fund Management has stepped back from a potential buyout of the burger chain.
Investing.com28d agobearish
Wendy’s stock plunges as Trian shelves take-private bid, Reuters reportsInvesting.com -- Wendy's (NASDAQ: WEN) shares have dropped more than 14% in premarket trading Thursday after Reuters reported that Nelson Peltz's Trian Fund Management has stepped back from a potential buyout of the burger chain.
Investing.com29d agobearish
Wendy’s drops as Trian reins in take-private ambitionsInvesting.com -- Shares of The Wendy’s Co (NASDAQ:WEN) plunged 14.8% in after-hours trading Wednesday following reports that Nelson Peltz’s Trian Fund Management currently has no plans to make a take-private bid for the fast-food chain. According to reporting from Reuters, citing sources familiar with the matter, the hedge fund has stepped back from pursuing a buyout at this time. The sudden retreat unwinds momentum generated earlier this month when reports indicated Trian was preparing a consor
MT Newswires48d agobearish
Wendy's Earnings Fall Amid Traffic Headwinds; Fast-Food Chain Withdraws OutlookWendy's (WEN) second-quarter earnings fell year over year amid weak traffic trends, while the fast-f