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Update: Wendy's/Arby's Group to sell Arby's to Atlanta-based Roark Capital Group
Atlanta Journal-Constitution ^ | 06-13-2011 | By Jeremiah McWilliams

Posted on 06/13/2011 11:24:54 AM PDT by Red Badger

Atlanta-based Wendy's/Arby's Group agreed to sell most of its Arby's division to a buyer formed by Roark Capital Group, an Atlanta-based private equity firm with $1.5 billion of equity capital under management. Roark's portfolio includes Moe's Southwest Grill, Schlotzsky's, Wingstop and other restaurant companies.

The deal, valued at $430 million, will break up a fast-food company that was formed less than three years ago and arguably never reached its full potential. About 40 jobs at the Wendy's/Arby's headquarters will be eliminated, but more than 300 people will either join Roark or stay with the Wendy's brand in Atlanta. The headquarters of the Wendy's brand will remain in Ohio.

Wendy's/Arby's had previously said it planned to explore alternatives, including a sale of Arby's, to allow it to focus its resources on the larger Wendy's brand. The parent company wants to update the core menu at Wendy's, modernize restaurants, add breakfast items, build new Wendy's restaurants in the U.S. and expand globally.

Meanwhile, Arby's has posted six months of sales growth at established stores in the United States. Executives say that is an indication that the brand's turnaround is underway, after it was caught with an overpriced menu in a budget-killing recession.

In an interview with The Atlanta Journal-Constitution, Roland Smith, chief executive of Wendy's/Arby's Group, said the company had proved doubters wrong by finding a willing buyer.

(Excerpt) Read more at ajc.com ...


TOPICS: Business/Economy; Culture/Society; US: Georgia
KEYWORDS: beef; fastfood; restaurant
Where's the beef?..............
1 posted on 06/13/2011 11:25:02 AM PDT by Red Badger
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To: Red Badger

Howard Roark laughed.


2 posted on 06/13/2011 11:26:27 AM PDT by ClearCase_guy (The USSR spent itself into bankruptcy and collapsed -- and aren't we on the same path now?)
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To: Red Badger

Schlotskys? I think someone has a case of the Mondays!


3 posted on 06/13/2011 11:31:33 AM PDT by PhilosopherStone1000
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To: Red Badger

Sometimes I feel like I’m dumber than a hamster. Reference the Simpson’s episode where Lisa was doing a science experiment to show that a hamster was smarter than Bart. The hamster quickly learned not to touch the food due to the resulting shock, while Bart kept trying for the cupcake, getting shocked over and over and over.

How does this relate to me? Every few years I seem to go to an Arby’s thinking “Maybe I won’t get sick this time.”


4 posted on 06/13/2011 11:33:55 AM PDT by antiRepublicrat
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To: Red Badger

Will all of the Arby’s and Schlotsky’s stores be converted to neoclassical architecture?


5 posted on 06/13/2011 11:37:38 AM PDT by oblomov
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To: antiRepublicrat

I’ve never had a problem at Arby’s. Go there frequently. Maybe it’s your particular Arby’s that is unclean or maybe mine is exceptional.
Or it could be the ton of Horsey Sauce I use that kills all bacteria.............................


6 posted on 06/13/2011 11:38:24 AM PDT by Red Badger (Nothing is a 'right' if someone has to give it to you................)
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To: Red Badger
I dated a girl who worked the drive-thru at Wendy's, by driving through.

Ah those were days!

7 posted on 06/13/2011 11:39:50 AM PDT by Berlin_Freeper
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To: antiRepublicrat
Every few years I seem to go to an Arby’s thinking “Maybe I won’t get sick this time.”

I had their roast beef with cheddar once long ago. The cheese looked like plastic. I couldn't finish it. Never been a big Arby's fan since.

8 posted on 06/13/2011 11:41:24 AM PDT by VeniVidiVici (Tony Weiner - Internet Flasher)
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To: Berlin_Freeper

You must have bought a lot of fries.....................


9 posted on 06/13/2011 11:46:31 AM PDT by Red Badger (Nothing is a 'right' if someone has to give it to you................)
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To: Red Badger
Actually the problem (imho).

Arby's went started going down hill a couple of decades ago when they started expanding their menu into an "all things to all people" menu, and lost their focus on sliced roast beef sandwiches.

A roast beef sandwich, potato cakes, and Jamoca shake was once their core menu item, and pretty much all they needed.

The last time I went into an Arbys and ordered a roast beef sandwich, it was like "wtf is this?"

They need to get back to basics. Throw out all the fried chicken and specialty sandwiches and get back to sliced roast beef. Add sliced turky or chicken, and maybe sliced ham, and build the menu from there.

"You want sliced beef, turkey, or ham? What side item would you like: potato cakes or curly fries? Would you like a coke or milkshake?" Do just a few things and do them well.


www.nerds4cain.com

10 posted on 06/13/2011 11:49:57 AM PDT by Brookhaven (Herman Cain knows math, computers, pizza, money, hamburgers, banking, and Coca-Cola)
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To: VeniVidiVici; antiRepublicrat

***Every few years I seem to go to an Arby’s thinking “Maybe I won’t get sick this time.”***

Ah for the days when there was Roy Rogers’ Roast Beef and Minnie Pearl’s Fried Chicken!

Meanwhile I like Arby’s.


11 posted on 06/13/2011 11:51:05 AM PDT by Ruy Dias de Bivar (Click my name. See my home page, if you dare!)
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To: Brookhaven

***and Jamoca shake ***

OH! A JAMOCA SHAKE! I must go get one now!


12 posted on 06/13/2011 11:54:41 AM PDT by Ruy Dias de Bivar (Click my name. See my home page, if you dare! NEW PHOTOS!)
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To: Brookhaven

I hate fast food anyway. Their menus are just aggravating. Combo1....combo 15..... supersized?..........


13 posted on 06/13/2011 11:57:28 AM PDT by Red Badger (Nothing is a 'right' if someone has to give it to you................)
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To: Red Badger
after it was caught with an overpriced menu in a budget-killing recession.

I'll say it's overpriced. I'm cheap, but Arby's is a once a year visit for me except for their coupon deals (which can be good value).

14 posted on 06/13/2011 11:57:45 AM PDT by steve86 (Acerbic by nature, not nurture (Could be worst in 40 years))
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To: TR Jeffersonian

Arby’s ping


15 posted on 06/13/2011 11:58:26 AM PDT by kalee (The offenses we give, we write in the dust; Those we take, we engrave in marble. J Huett 1658)
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To: Red Badger

for those who cannot follow this without a scorecard:

-Dave Thomas passed away in 2002

-The new management ran Wendys Corp into the ground
within just a few years

- Wendys filed for bankruptcy and was bought by Arbys

- Arbys nursed them back to health and quickly found Wendys to be a much more profitable enterprise than Arbys

- So Arbys is selling off Arbys and becoming Wendys. Wendys will be the company formerly known as Arbys while Arbys is taken over by this group from Atlanta.


16 posted on 06/13/2011 12:17:56 PM PDT by Buckeye McFrog
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To: Red Badger

Our city got an Arby’s six months ago and it just closed. Opening 200 feet from a Sonic wasn’t a good plan.


17 posted on 06/13/2011 12:18:09 PM PDT by SeaHawkFan
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To: Ruy Dias de Bivar
Ah for the days when there was Roy Rogers’ Roast Beef and Minnie Pearl’s Fried Chicken!

LOL! I was thinking about Roy's roast beef and chicken too! Didn't Marriot close them down or sell them and then they closed? I loved their chicken.

18 posted on 06/13/2011 12:21:09 PM PDT by VeniVidiVici (Tony Weiner - Internet Flasher)
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To: Red Badger
Ahh... Horsey sauce. Have tried to replicate it for years — Just can't get it quite right.
19 posted on 06/13/2011 12:23:49 PM PDT by Gordon Pym (2+2=4)
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To: Gordon Pym

20 posted on 06/13/2011 12:28:09 PM PDT by Red Badger (Nothing is a 'right' if someone has to give it to you................)
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To: Red Badger
Maybe it’s your particular Arby’s

That's what I thought, so I've never hit the same one twice, and it's been in three states. Just something between me and what they serve, and what they serve always wins. Too bad, I like the taste, but haven't been back in about four years.

That's it, maybe I need to eat much more often in order to build up immunity.

21 posted on 06/13/2011 12:30:40 PM PDT by antiRepublicrat
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To: Red Badger

I have managed to duplicate that and use it on coleslaw.

Well, back to the lab — Er.. Kitchen..


22 posted on 06/13/2011 12:32:58 PM PDT by Gordon Pym (2+2=4)
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To: antiRepublicrat

Ask for a handful of Horsey Sauce packets.......................


23 posted on 06/13/2011 12:34:38 PM PDT by Red Badger (Nothing is a 'right' if someone has to give it to you................)
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To: Gordon Pym

Why duplicate it? Just go in the door and grab a handful of Horsey Sauce packets.............


24 posted on 06/13/2011 12:36:26 PM PDT by Red Badger (Nothing is a 'right' if someone has to give it to you................)
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To: Buckeye McFrog

Sounds like the AOL/Time-Warner deal............


25 posted on 06/13/2011 12:37:22 PM PDT by Red Badger (Nothing is a 'right' if someone has to give it to you................)
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To: Red Badger

Arby’s has one item worth ordering: the roast chicken club.


26 posted on 06/13/2011 12:57:05 PM PDT by savedbygrace (But God.)
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To: antiRepublicrat
How does this relate to me? Every few years I seem to go to an Arby’s thinking “Maybe I won’t get sick this time.”

Yep. It made me sick every time too, but I learned my lesson a long time ago.

27 posted on 06/13/2011 1:05:01 PM PDT by Moonman62 (The US has become a government with a country, rather than a country with a government.)
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