Wendy's/Arby's Up For Sale?
"Wendy’s/Arby’s franchise holders said yesterday they are shocked and unprepared to hear Trian Management, the largest shareholder is peddling their burgers and beef chain restaurants."
Apparently, Wendy's franchisee association was unaware that Trian was shopping the franchise around.
"The head of the Wendy’s Old Fashioned Franchise Association, told Nation’s Restaurant News that the group had no idea Peltz, who purchased Wendy’s in 2008, was looking at an offer to sell the company."
The daughter of Dave Thomas, the deceased founder of Wendy's, was also caught offguard.
“I just honestly … there are no words to describe [this]. He loved, loved this business. One thing about my dad — it wasn’t about the money. It was about his passion and love for the business. Yeah, he had to feed his family, but he cared so much for his franchisees. This whole franchisee system is part of the Thomas family.” - IndyPosted