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

1 month 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

1 month 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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I Love Juice Bar Debuts New Fall LTO: “Save the Pumpkins”

I Love Juice Bar Debuts New Fall LTO: “Save the Pumpkins”

I Love Juice Bar is launching an initiative this Autumn to save the pumpkins. The premium fresh juice franchise, already known for delicious, health-conscious juices... Read more ...

Catfish Craze comes to Captain D's restaurants today providing a delicious...

Catfish Craze comes to Captain D's restaurants today providing a delicious, craveable variety of Catfish meals

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Restaurant Vendors Find New Leads for Restaurants Opening Soon

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Flhip.com has released its latest restaurant openings report, providing restaurant vendors with a sampling of fresh sales and marketing leads that can be found on their... Read more ...

5 Ingredient Peanut Butter Bars

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5 Ingredient Peanut Butter Bars are an easy snack or dessert you can put together in no time. AND they're sugar free & low carb! Read more ...

GABF Results Are In: No New England Breweries Won Medals for NEIPA

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This weekend, more than 2,400 brewers landed in Denver, Col. for the 37th annual Great American Beer Festival. Brewers from 49 states and Washington, D.C. turned out for the... Read more ...

Poznan Pride - Poland's Culinary Capital Proves Its Worth  

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If you didn't know, Poznan is known as the culinary capital of Poland. Images by Jakub Pindych With that title, the city has very big shoes to fill given other culinary... Read more ...

Smoking jet pilot

Smoking jet pilot

1 oz Mezcal 3/4 oz Batavia Arrack 3/4 oz Reposado Tequila 1/2 oz Lime Juice 1/2 oz Grapefruit Juice 1/2 oz Cinnamon Syrup 1/2 oz Falernum 1 dash Herbsaint 1 dash Angostura... Read more ...

McDonald's Announces President, International Lead Markets & Chief...

McDonald's Announces President, International Lead Markets & Chief Restaurant Officer Doug Goare to Retire

Company also announces updated global business segments, beginning in 201 Doug Goare Chicago, IL Chief Restaurant Officer Doug Goare, 66, will retire after 40 years of service... Read more ...

Cicis Invites Guests to Find Flavors They Love at Second Montgomery Location

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Best Ever Indian Lamb Biryani

Best Ever Indian Lamb Biryani

This restaurant style lamb biryani is the best ever Indian lamb biryani you will make at home and won't ever forget its deliciousness! Read more ...