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Wendy's/Arby's Group considering Arby's sale

By The Associated Press
Posted 7:46AM on Thursday 20th January 2011 ( 13 years ago )
ATLANTA - Atlanta-based Wendy's/Arby's Group Inc. says it is considering selling its Arby's business.<br /> <br /> The restaurant operator has experienced softness at both its Wendy's and Arby's locations, but Arby's has long been suffering because its sandwiches can cost $5 or more, more expensive than many other fast-food offerings.<br /> <br /> Diners in the downturn focused on value and price, so they sought out cheaper alternatives.<br /> <br /> Chairman Nelson Peltz said in a statement on Thursday that the company believes the best way to maximize shareholder value is to concentrate its efforts on Wendy's.<br /> <br /> He says the reality is that the Wendy's brand, given its relative size and scope, is the key drive of shareholder return.<br /> <br /> The Arby's sandwich chain has almost 3,700 restaurants.

http://accesswdun.com/article/2011/1/235449

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