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Wendy's names Anderson CEO
DUBLIN, Ohio (Nov. 10) - It’s official: Wendy’s International Inc. awarded the chief executive’s title Thursday to Kerrii Anderson, who had been doing the job on a try-out basis since Jack Schuessler resigned the post last spring.
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Wendy's sales talk sizzling
April 27, 2007 Friday - Chicago Final Edition:
Big shareholder Peltz may plan to emulate Burger King revival - Two years ago, hedge fund operator Nelson Peltz made no bones about what he wanted when he acquired a nearly 10 percent stake in Wendy's International Inc., the nation's No. 3 hamburger-maker.
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Wendy's Sells Baja Fresh
[2006-10-12] Wendy's International today announced a definitive agreement to sell the Baja Fresh Mexican Grill restaurant chain to a west coast restaurant operating company for about $31 million.
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Wendy's Spinoff of Tim Hortons Remains on Track
[2006-09-20] Wendy's International, Inc. confirms distribution ratio for special dividend of Tim Hortons Inc. shares
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Wendy's unveils comprehensive revitalization plan
DUBLIN, Ohio (Oct. 12) - Wendy's International Inc. outlined Thursday a strategic plan to "revitalize" its namesake brand and increase shareholder value, including a possible national breakfast rollout, an $800 million dutch auction share buyback and the investment of $525 million over the next five years into its Wendy's chain.
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Wendy’s 3rd-Q net income plummets 56%
DUBLIN, Ohio (Oct. 25) — Wendy’s International Inc. on Thursday reported a steep drop in its third-quarter net income as year-ago profits from the now-spun-off Tim Hortons, restructuring costs and expenses from the company’s current strategic review chopped latest-quarter earnings by more than half from a year ago.
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Wendy’s gets court’s go-ahead for Hortons spin-off
NEW YORK (Sept. 28) - Wendy’s International Inc. said it would proceed with the spin-off Friday of the Tim Hortons Inc. doughnut business after a U.S. District Court here rejected Thursday afternoon a request from a group of note holders that the divestiture be blocked because they believe it violates stipulations on Wendy’s debt.
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Wendy’s promises preferential buying to pork, chicken suppliers that improve animal welfare systems
DUBLIN, Ohio (Jul. 12) — Wendy’s International Inc., based in Dublin, Ohio, said Thursday it has pledged to give preferential buying support to its pork and chicken suppliers who improve humane animal welfare systems.
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Wendy’s unveils plan for Hortons spin-off
DUBLIN, Ohio (Aug. 31) - Wendy’s International Inc. said it would divest its remaining 82.3 percent interest in the Tim Hortons Inc. doughnut chain by giving the stake to its own shareholders. In a special dividend, Wendy’s shareholders would receive about 1.4 shares in Hortons for each Wendy’s share they hold as of Sept. 15, for a total distribution of 159.9 million shares.
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WRA weighs legal options over labeling law
OLYMPIA, Wash. (Jul. 27) — The Washington Restaurant Association said it “is evaluating the legal and discriminatory impacts of the new King County regulations” requiring chain restaurants to post nutritional information on menus and all foodservice establishments to eliminate trans fats.
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Yum Completes Purchase of Pizza Hut U.K.
[2006-09-13] The transaction purchase price is $184 million plus the assumption of $25 million in certain debt and liabilities.
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Yum Executives Combined Pay Nearly $15M
[2007-04-08] Proxy statement released last week shows hefty payday for Yum executives.
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Yum! hires expert to avert a rat redux
NEW YORK (Mar. 2) — Yum! Brands Inc. said it has hired "a renowned expert in the area of pest control" to review the sanitation practices of the company's New York City franchisees, which have been at the center of a media frenzy since rats were videotaped inside a lone Taco Bell-KFC combo unit in New York.
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Yum! Takes Control of Pizza Hut United Kingdon
[2006-08-01] Yum! has agreed to acquire the remaining 50 percent ownership of its Pizza Hut United Kingdom joint venture from Whitbread PLC
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Zagat survey shows Wendy's, Panera as top QSR chains
NEW YORK (May. 11) — The Zagat Survey revealed Friday that Wendy's and Panera Bread are consumers' top choices for quick-service restaurants. The information was a result of Zagat's first Fast Food Survey in which 24 chains were surveyed, with 5,535 voters weighing in on everything "from pizza to poultry, burritos to burgers and salads to subs."
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2006 SPIRIT Award Winners Announced
[2006-08-21] 2006 SPIRIT Award winners include Bambara, Carlson Restaurants Worldwider, Ohio State University Medical Center, and The Coffee Bean & Tea Leaf
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Activist investor buys stake in O’Charley’s
NASHVILLE, Tenn. (Nov. 20) — Hedge fund Crescendo Partners, a well-known activist investor, has taken an 8.9-percent stake through its funds and chief executive, Eric Rosenfeld, in the casual-dining operator and franchisor O'Charley's Inc. Crescendo said that it has no plans to take an activist role in the troubled restaurant company, but it left open the possibility of taking further action.
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Advocacy group sues 7 chains under Calif.’s Prop. 65
LOS ANGELES (Sept. 28) - A Washington-based advocacy group said it filed a lawsuit here against seven national restaurant chains for failing to alert customers in California to the potential health hazards of their grilled-chicken items, as required under the state’s Proposition 65 public-protection statute.
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Another franchisee group sues Quiznos
GREEN BAY, Wis. (Nov. 21) - A group of Quiznos Subs franchisees filed a class-action lawsuit Monday in federal court here against the Denver-based franchisor of the 5,000-plus-unit chain, alleging the company has systematically defrauded its franchisees in a scheme to build the brand at the expense of operators in the field.
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Applebee's also inviting consumers to come up with the next big burger
OVERLAND PARK, Kan. (Jun. 11) — Applebee's is asking consumers to develop the chain's next burger in a contest similar to the one launched last week by Wendy's.
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Applebee's franchisee hires home-office vet to buy co. stores
HARRISON, N.Y. (Aug. 23) — Apple-Metro Inc., a 28-unit franchisee of Applebee's International, has hired a former high-ranking official of the franchisor to help in acquiring company-operated locations.
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Applebee’s could pay $60M if IHOP deal stalls
OVERLAND PARK, Kan. (Jul. 19) — The merger agreement between Applebee’s International Inc. and its pending acquirer, IHOP Corp., calls for Applebee’s to pay IHOP $60 million should it back out of the deal, according to a Wednesday night filing with the Securities & Exchange Commission.
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