BNET Industries
- Private
- US
Dow Jones Description
Arby's was founded in 1964, but the concept for a roast beef sandwich franchise was rooted many years earlier. Forrest Raffel, a graduate of Cornell University School of Hotel and Restaurant Administration and his younger brother Leroy, a graduate of Wharton School of Finance, University of Pennsylvania, bought an uncle's restaurant equipment business in the 1950s. Raffel Brothers, Inc. became a fitting introduction to the foodservice industry for the brothers. The small company rapidly grew to become one of the country's leading foodservice consulting firms. Raffel Brothers, Inc. designed and installed hundreds of foodservice facilities including the flight kitchens at Greater Pittsburgh International Airport, interiors of six Ohio Turnpike restaurants and foodservice facilities for the Hospitality Inn motel chain of Standard Oil of Ohio. But the Raffel brothers quickly sensed the potential of fast food and decided to develop a franchise operation based on something other than hamburgers. Leroy remembers, "We were totally confident, while everyone else thought we were out of our minds." A late-night excursion to a small Boston sandwich shop one rainy Halloween was the inspiration for the Raffels, who joined a damp, but determined huddle of patrons to await the main attraction -- a 79-cent roast beef sandwich. The idea was born. The only kink in the chain's orderly development came with choosing a name for it. ...
NAICS Code Food Services and Drinking Places: 722
News & Analysis
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acquisition and arby's - All News and Analysis
Triarc Reports Second Quarter and First Half 2006 Results; Arby's Systemwide Same Store Sales Increase; Company-Owned Restaurants' Margins Improve Due To RTM Acquisition; Deerfield Assets Under Management Continue To Grow
- 2006-08-11
NEW YORK -- Triarc Companies, Inc. (NYSE: TRY; TRY.B) announced today the results of operations for its second fiscal quarter and first fiscal half ended July 2, 2006.
Arby's profits rise 34.7% as revs soar after acquisition
- 2006-05-22
NEW YORK -- Triarc Cos. Inc., franchisor of the 3,500-unit, Atlanta-based Arby's chain, reported a 34.7-percent increase in the chain's first-quarter operating profit to $19 million, on restaurant revenues that more than tripled to $277.3 million. The company's restaurant revenue gain primarily reflected the acquisition last July of RTM Restaurant...
Triarc Reports Full Year and Fourth Quarter 2005 Results; Arby's® revenues boosted by July 2005 acquisition of RTM; Deerfield's assets under management continue to grow
- 2006-04-03
NEW YORK -- Triarc Companies, Inc. (NYSE: TRY; TRY.B) announced today the results of operations for its fiscal year and fourth quarter ended January 1, 2006.
Triarc Completes Acquisition of RTM Restaurant Group, Arby's Largest Franchisee; Arby's Restaurant Group, Inc. Enters into $720 Million Credit Facility
- 2005-07-25
NEW YORK -- Triarc Companies, Inc. (NYSE: TRY; TRY.B) announced today that it has completed its acquisition of RTM Restaurant Group ("RTM"). Triarc, through its subsidiaries, is the franchisor of the Arby'sR restaurant system, which consists of approximately 3,500 restaurants, and is the owner and operator of 233 Arby's restaurants....
Arby's franchisee sandwiched in fight: parent Triarc, operator RTM battle for Sybra - fight for acquisition of Arby's brand - Brief Article - Statistical Data Included
- 2002-05-20
NEW YORK -- SYBRA Inc., which uses a backward spelling for Arby's as its name, doesn't know whether it is going or coming or possibly staying just where it is.
Arby's '01 same-store sales grow 2.1%; Triarc considers potential acquisitions - Finance - Brief Article - Statistical Data Included
- 2002-04-15
NEW YORK -- Higher sales of core products and the success of the Arby's Market Fresh sandwich line contributed to a 2.1-percent increase in domestic same-store sales at Arby's for the fiscal 2001 period ended Dec. 30.
Triarc Decides Not To Proceed With Acquisition Of Long John Silver's Restaurants, Inc.; Announces Stock Repurchase Program
- 1994-12-12
NEW YORK--BUSINESS WIRE--Dec. 12, 1994--Triarc Companies, Inc. (NYSE: TRY) announced that, due to adverse conditions in the financial markets, it has decided not to proceed with its previously announced acquisition of Long John Silver's Restaurants, Inc. Nelson Peltz, Chairman and CEO of Triarc commented that "despite the...
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