The Wendy’s Co (NASDAQ:WEN)’s Sells 23 Stores – ODP


Dallas, Texas 12/18/2013 (FINANCIALSTRENDS) – The Wendy’s Co (NASDAQ:WEN) has sold around 23 units in southwestern Washington and the Portland, Ore., region in its attempt to sell 425 restaurants by mid next year to franchisees who commit to aid the firm’s aggressive store-remodeling plan.

Conditions of the contract with Group W Partners LLC, headed by veteran Wendy’s franchisees Dan O’Brien and Doug Rich, were not revealed yesterday.

O’Brien and Rich also possess Bodan Inc., the Boulder, Colo., holder of 18 Wendy’s eateries in Wyoming, Nebraska as well as Colorado. O’Brien maturated in Westerville and commenced his Wendy’s profession in the year 1973 as a management apprentice at the original Wendy’s eatery on E. Broad Street in Columbus.

Thus far, the Dublin-based fast-food firm has sold or decided to sell 233 eateries.

The Wendy’s Co (NASDAQ:WEN) unveiled new flagship in Dublin

The fast-food chain has opened its signature redesign to the public on Tuesday across from its Dublin HQs. It has been in progress for over a year and offers the firm both a convenient proving ground for novel products, procedures and techs and a platform for its history.

At 4,324 sq. ft, the building is over 1,000 square feet bigger than a characteristic Wendy’s, with that additional space going in the direction of a community room, which will show off memorabilia memorializing the chain’s past and commemorating originator Dave Thomas.

Wendy’s Co. (NASDAQ:WEN) has over 6,500 restaurants all over the globe.

Office Depot Names Former Wendy’s Executive to CFO Post

Office Depot Inc (NYSE:ODP)  has appended a second former Wendy’s Co. (WEN) administrative to the office retailer’s latest executive group, naming Stephen Hare as the new CFO, effective immediately.

Mr. Stephen replaces co chief financial officer Mike Newman, who got retire from the Office Depot, and interim co-CFO Deb O’Connor, who has come back to her place as senior VP of finance and co-chief accounting officer.