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
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Wendy’s/Arby’s Group Inc. Q3 2009 Earnings Call Transcript
Seeking Alpha
- 2009-11-05
Question-and-Answer SessionOperator Operator Instructions Your first question comes from David Palmer - UBS. David Palmer - UBS Quick just a financial question, just with regard to the swap that you’re doing on the $360 million of debt, how much might that reduce your interest cost on that debt? Secondly,...
Wendy’s/Arby’s Group Inc. Q2 2009 Earnings Call Transcript
Seeking Alpha
- 2009-08-06
Question-and-Answer Session Operator Operator Instructions The first question comes from the line of John Glass - Morgan Stanley. John Glass - Morgan Stanley I appreciate all the detail on the Wendy’s margin improvement and your increased targets. You still haven’t specified though where you think the...
Wendy’s Arby’s Group, Inc. Q4 2008 Earnings Call Transcript
Seeking Alpha
- 2009-03-02
Question-and-Answer Session Operator Operator Instructions Your first question comes from John Glass – Morgan Stanley. John Glass – Morgan Stanley I appreciate all the detail on Wendy’s and your margin targets there for 2009. Could you maybe talk a little bit about your targets for Arby’s in...
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Glass Door
Food Industry Companies
| Company | Employer Rating |
| Kraft Foods |  |
| ADM |  |
| Kellogg | |
| Heinz | |
| General Mills |  |
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