NEW YORK -- In an effort to focus on its 3,600-plus-unit Arby's system, Triarc Cos. Inc. has agreed to sell its investment advisory firm, Deerfield & Co. LLC, for nearly $290 million in cash and stock to Deerfield Triarc Capital Corp. Billionaire Nelson Peltz, chairman of Triarc Cos., stepped down...
NEW YORK -- In an effort to beef up expansion of its Arby's quick-service chain, Triarc Cos. Inc. is spinning off its restaurant and beverage groups into a new public company.
NEW YORK -- Triarc Cos. Inc., parent of the Arby's quick-service sandwich chain, reported an operating loss for the first quarter, compared with a profit a year ago, and said sales at company-owned units had fallen 3.7 percent.
NEW YORK -- Arby's parent, Triarc Cos. Inc., posted a loss of $11.1 million for the nine months ended Sept. 29, compared with profits of $45.92 million in the previous-year period.
ATLANTA -- Arby's parent Triarc Cos. Inc. disclosed several executives changes as part of a corporate restructuring to become a "pureplay" restaurant company. The realignment comes as the company was expected to review proprietary information about Wendy's International Inc. that could lead to a bid for the quick-service giant.
NEW YORK -- Triarc Cos. Inc., franchisor of the Arby's chain, has bid to acquire Sybra Inc., Arby's second-largest franchisee, and said it would make a $10 million investment in Sybra in return for 100 percent equity in the company.
NEW YORK -- Publicly traded Triarc Cos. Inc. is a holding company and franchisor of the 3,450-unit Arby's chain and operator of 235 Arby's restaurants in the United States through a subsidiary. It said it is negotiating to combine its Arby's business with that of RTM Restaurant Group, the quick-service...
ATLANTA -- Triarc Cos. Inc., parent of the 3,600-unit Arby's brand and owner of about 1,000 of those outlets, said its third-quarter restaurant operating profits jumped 15 percent from a year ago on a nearly 5-percent increase in sales, improved margins and lower corporate expenses.
NEW YORK -- Triarc Cos. Inc. reported that "strong results" at its Arby's restaurant franchising business have helped the company to more than double its earnings in 1998. to $1.26 per share, from year-earlier earnings of 52 cents per share.
NEW YORK-A recently completed securitization deal by Triarc Cos. Inc. represents the flip side of insurance risk securitizations done in recent years, with capital market risk being transferred into the insurance markets. The deal involved securitizi NEW YORK-A recently completed securitization deal by Triarc Cos. ...
NEW YORK - Moody's Investors Service has lowered its rating on RC/Arby's Corp. senior secured notes following a recent report that Triarc Cos. Inc. will spin off its subsidiary into a new publicly traded company next year.
NEW YORK--Triarc Cos. Inc., franchisor of the 3,351-unit Arby's chain, reported a net loss of $1 million for the first quarter ended March 31, vs. earnings of $8.2 million for the year-ago period. The company said that excluding depreciation and amortization, a litigation settlement payment and unusual and nonrecurring credit,...
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...
ATLANTA -- Arby's Restaurant Group, whose parent, Triarc Cos. Inc., is buying Wendy's International Inc., has hired Brian Kolodziej, as vice president of product development.
Atlanta -- Arby's Restaurant Group, a subsidiary of New York-based Triarc Cos. Inc., said it had signed development deals with three new and 10 existing franchisees to open 34 Arby's outlets, in Arizona, California, Florida, Georgia, Illinois, Iowa, Michigan, Ohio and Texas.
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.
FORT LAUDERDALE, FLA. -- Arby's, the franchised chain of more than 3,450 roast-beef specialty quick-service restaurants owned by Triarc Cos. Inc., plans to test a line of all-natural chicken sandwiches, wraps, tenders and salad products in four markets beginning this month.
ATLANTA -- Triarc Cos. Inc., only weeks after naming Roland Smith to replace Douglas Benham as president and chief executive of its Arby's Restaurant Group subsidiary here, has named Arby's chief operating officer Thomas Garrett to the additional post of president.
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.
NEW YORK -- Arby's Inc. added a new Ultimate BLT, $3.99, to its chain's Market Fresh sandwich line. The new sandwich features thick-cut pepper bacon topped with crisp leaf lettuce and fresh tomatoes on honey-wheat bread with mayonnaise. The 3,351-unit Arby's is a subsidiary of Triarc Cos. Inc., which also...
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