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

5 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

5 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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