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The Wendy's Company Sells Ownership Interest in Inspire Brands for $450 Million

2 monthes ago   |   By

Sale Proceeds Expected to Provide Company Flexibility to Invest in Future Growth
Board of Directors Approves New $100 Million Share Repurchase Authorization
Dublin, OH The Wendy's Company announced today that it has accepted an offer from Inspire Brands (Owner of Arby's®, Buffalo Wild Wings®, and R Taco®) to sell its 12.3% ownership interest in the company back to Inspire Brands for $450 million. The agreement was approved by The Wendy's Company Board of Directors and represents a 38% premium on the Wendy's Company's previous valuation of the investment.
“The sale of our stake in Inspire...
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Constellation Brands Restructuring, Lays Off Dozens of Craft Sales Reps

Constellation Brands Restructuring, Lays Off Dozens of Craft Sales Reps

2 monthes ago   |   By

On the same day that it announced a $4 billion investment into Canada's Canopy Growth Corporation , Constellation Brands also laid off dozens of employees tasked with selling the company's craft and specialty beers throughout the U.S.
Constellation - whose craft portfolio includes Ballast Point in California, Funky Buddha in Florida and Four Corners Brewery in Texas as well as Mexican import brands Corona, Modelo and Pacifico - terminated around 60 of its 100 or so craft and specialty reps, a source familiar with the situation told Brewbound.
Beer enthusiast website beerstreetjournal.com...
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Peanut Butter Bars

Peanut Butter Bars

Peanut Butter Bars are a peanut butter oat slice that's sweet and chewy and topped with a peanut butter chocolate ganache. Read more ...

Pappy Thanksgiving: This Bar Is Giving Away Its Pappy Van Winkle Stock for Cheap

Pappy Thanksgiving: This Bar Is Giving Away Its Pappy Van Winkle Stock for Cheap

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Guinness Releases Its First-Ever Barrel-Aged Stout

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Taste with me this Friday in Houston at Sud Italia (and Houston-centric...

Taste with me this Friday in Houston at Sud Italia (and Houston-centric Thanksgiving wine recommendations)

Please join me this Friday evening at Sud Italia on University Blvd. in Houston for an evening of great Italian wine and conversation. I'll be pouring bottles from the... Read more ...

Dulce de Leche Ice Cream

Dulce de Leche Ice Cream

Dulce de leche ice cream with morsels of Twix bars. Read more ...

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Fried chicken from the experts + one-of-a-kind Belgian Liege-style waffles = Kentucky Fried Chicken & Waffles Louisville, KY Kentucky Fried Chicken® - the original chicken... Read more ...

10 Benefits of Using a Digital Menu Board

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Chick-fil-A Announces Nationwide Delivery Service, Partners with DoorDash

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Healthy Paleo Mars Bars

Healthy Paleo Mars Bars

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