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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arby's and merger - All News and Analysis
Triarc and Wendy's Announce September 15, 2008 Shareholders Meetings To Approve Proposed Merger
- 2008-08-15
ATLANTA, Ga. & DUBLIN, Ohio -- Triarc Companies, Inc. (NYSE: TRY; TRY.B), the parent company of Arby's Restaurant Group, Inc., which is the franchisor of the Arby's([R]) restaurant system, and Wendy's International, Inc. (NYSE: WEN) announced today that the Securities and Exchange Commission ("SEC") has declared effective the Form S-4...
Triarc Announces Plans for Key Leadership Positions at Wendy's upon Completion of Merger
- 2008-07-25
J. David Karam to be President; Stephen D. Farrar to be Chief Operating Officer; and Ken C. Calwell to be Chief Marketing Officer ATLANTA -- Triarc Companies, Inc. (NYSE: TRY, TRY.B, "Triarc"), the franchisor of the Arby's([R]) restaurant system ("Arby's"), announced today that following the closing of the pending...
Wendy's rejects new Arby's merger plan, $900m offer: spurned suitor Peltz calls for shareholder confab
- 2008-04-28
DUBLIN, OHIO -- A year after a special board committee began weighing a possible sale of the company, Wendy's International has rejected a merger with Arby's or a newly proposed $900 million buyout, prompting rebuffed suitor Nelson Peltz to call for shareholders to decide Wendy's fate.
Triarc and Wendy's Sign Definitive Merger Agreement
- 2008-04-24
Combination Will Create Third Largest U.S. Quick Service Restaurant Company with Approximately $12.5 Billion in Annual System Sales Significant Operational Improvements and Several Growth Initiatives Are Planned for Arby's and Wendy's Brands ATLANTA & DUBLIN, Ohio -- Triarc Companies, Inc. (NYSE: TRY, TRY.B, "Triarc"), the franchisor of the...
S&P pan of Arby's-RTM merger turns table on gadfly investor Peltz
- 2006-07-10
NEW YORK -- Foodservice finance watchers may have sensed considerable irony in Standard & Poor's Rating Services' recent criticisms of the nearly 1,000-unit Arby's group owned by Triarc Cos. Inc., whose Arby's arm is franchisor of about 2,500 other Arby's outlets.
Arby's-RTM merger seen as buoying Triarc's profits: 1,008-unit group would tap top franchisee
- 2005-06-13
ATLANTA -- The new Arby's Restaurant Group, which is expected to kick off operations from its headquarters here this fall upon the completion of a merger of Arby's LLC and its largest franchisee, 775-unit RTM Restaurant Group, could propel the fortunes of Arby's brand owner and franchisor, Triarc Cos. Inc.
Triarc's cash-stock offer details Arby's merger plan
- 2005-06-06
NEW YORK -- Triarc Cos. Inc., franchisor of the nearly 3,500-unit Arby's brand, reached a "definitive" agreement to acquire Arby's largest franchisee, Atlanta-based RTM Restaurant Group, for $175 million in cash and 10 million shares of Triarc common stock. Under the deal to create a 1,008-unit Arby's operation, the merged...
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