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...
Food People: Dunkin' Brands, Grocery Manufacturer's Association, Arby's, Coke
BNET
- 2008-12-12
Dunkin' Replaces CEO Luther with Papa John's Chief The Associated Press says that the resume of Dunkin' Brands' new CEO Nigel Travis "reads like a list of diet don'ts â€" pizza, ice cream and doughnuts." Travis, 58, will replace Jon Luther, the man credited with...
Wendy's, Arby's both have losses in the third quarter
- 2008-11-07
NEW YORK -- Wendy's/Arby's Group Inc., formed after the owner of Arby's bought Wendy's, said Thursday that both chains swung to losses in the third quarter as sales slowed and costs associated with the acquisition ate into profits. Triarc Cos. Inc., which operates Arby's and was run by...
Triarc Takeover of Wendy's Complete
BNET
- 2008-09-15
It's official: Triarc Companies will now officially take control of Wendy's now that shareholders have approved the proposed merger. Triarc owner Nelson Peltz got quite a deal, as he originally proposed buying Wendy's for $37-$41 per share, and three attempts later ended up controlling the franchise for just over $26...
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...
Arby's Restaurant Group
- 2008-05-26
Brian Kolodziej, former vice president of culinary innovations and operations at Metromedia Restaurant Group in Piano, Texas, is now vice president of product development at Arby's Restaurant Group, based in Atlanta.
Arby's breaks first social-network campaign to generate a 'brigade' of advocates for the brand
- 2008-05-19
ATLANTA --As a further sign that traditional marketing campaigns often need an online boost, Arby's Restaurant Group is venturing into social networking with the launch of a Facebook page and other interactive elements to combat what it calls the "ho-hum everyday fast food" its competitors sell.
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