BNET Industries

Arby's

is in the Food Industry

  • 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. ...

Contact Information

PO BOX 11626

San Rafael, California 94912-1626

arbys.net

1 415 457 0600

NAICS Code Food Services and Drinking Places: 722

News & Analysis

arby's and triarc ltd. - All News and Analysis

  • Triarc Provides Corporate Update

    - 2008-03-12

    Considering name change to reflect transformation to "pure play" restaurant company Deerfield Capital common stock to be distributed to shareholders ATLANTA -- Triarc Companies, Inc. (NYSE: TRY; TRY.B) today provided a corporate update. To reflect the company's more focused identity as a "pure play" restaurant company, Triarc's...

    Tags: Arby's, Triarc Ltd.

  • Triarc Reports Full Year and Fourth Quarter 2007 Results

    - 2008-02-29

    Arby's operating profit increases 14% to $109 million due to new unit development, positive franchisee same store sales and steady operating margins ATLANTA -- Triarc Companies, Inc. (NYSE: TRY; TRY.B) announced today the results of operations for its fiscal year and fourth quarter ended December 30, 2007. Consolidated...

    Tags: Arby's, Deerfield & Co., Triarc Ltd.

  • Arby's owner Triarc sheds last non-restaurant asset

    - 2008-01-21

    ATLANTA -- Triarc Cos. Inc., franchisor of the Arby's sandwich brand and owner of nearly 1,100 of the chain's 3,600 restaurants, has completed its restructuring into a purely foodservice company by concluding the delayed sale of Deerfield & Co. LLC to Deerfield Triarc Capital Corp. The buyer, which paid...

    Tags: Arby's, Triarc Ltd.

  • Triarc Announces Organizational Changes

    - 2007-09-04

    Atlanta-based Arby's executives assume additional Triarc corporate responsibilities NEW YORK -- Triarc Companies, Inc. (NYSE: TRY; TRY.B) said today it has made several executive changes effective September 1, 2007 as part of its previously announced corporate restructuring, including: * Thomas A. Garrett has been named Executive Vice President...

    Tags: Arby's, Triarc Ltd.

  • Triarc Reports First Quarter 2007 Results

    - 2007-05-11

    NEW YORK -- Triarc Companies, Inc. (NYSE: TRY; TRY.B) announced today the results of operations for its first quarter ended April 1, 2007. Consolidated Highlights * Consolidated revenues increased to $302.0 million in the 2007 first quarter from $292.0 million in the 2006 first quarter, primarily reflecting the...

    Tags: Arby's, Company, Deerfield & Co., Triarc Ltd.