Wendy’s/Arby’s Group Announces Major Development Agreement with Tab Gida
Wendy’s/Arby’s Group, Inc. (NYSE:WEN) today announced that one of its subsidiaries, Arby’s Restaurant Group, Inc., has signed a major development agreement with Tab Gida Sanayi ve Ticaret A.S. to open at least 100 Arby’s® restaurants in Turkey over the next 10 years, including 50 during the next five years.
At Least 100 Arby’s Restaurants to be Built in Turkey
These restaurants will be incremental to eight Arby’s franchise restaurants previously operated by Celebi in Turkey, which Tab Gida purchased as part of a separate agreement between the two organizations.
“Our agreement with Tab Gida is another important step in our international growth strategy”
“Our agreement with Tab Gida is another important step in our international growth strategy,” said Wendy’s/Arby’s Group President and Chief Executive Officer Roland Smith. “We’re accelerating our international expansion opportunities by working with proven operators, like Tab Gida, who know how to successfully develop and operate quick-service restaurants.”
Tab Gida General Manager Cancer Dikici said, “We’re proud to add Arby’s, which is known for its quality food and service, to our brand portfolio. With slow-roasted, freshly sliced roast beef and Beef ‘n Cheddar sandwiches, curly fries and other signature products, we will offer our customers great-tasting alternatives to traditional quick-service food.”
Tab Gida, operating in the quick-service restaurant segment since 1995, owns or sub-franchises more than 430 restaurants in metropolitan areas throughout Turkey. With the addition of Arby’s, the company’s restaurant portfolio now includes four well-known international brands.
Logos, product and company names mentioned are the property of their respective owners.
- Wendy's Remakes Its Burgers; Here's How It Did That - USATODAY
- Wendy’s/Arby’s Group Completes Sale of Arby’s to Roark Capital Group
- Wendy’s/Arby’s Group Announces Definitive Agreement to Sell Arby’s to Roark Capital Group
- Wendy’s/Arby’s Group Reports Fourth Quarter and Full-Year 2010 Results
- Wendy’s/Arby’s International and Higa Industries Announce Joint Venture to Re-launch Wendy’s in Japan
- Papa Bello Issues LOI to Acquire ForgetAboutIt! Foods
- Dickey's Barbecue to Expand Across Mississippi
- Benihana to Be Acquired by Angelo, Gordon & Co.'s Private Equity Group for $296 Million
- Menchie's Celebrates New Milestone As the World's Largest Self-Serve Frozen Yogurt Franchise
- Tossed® Adds Some Green to Boston's Financial District with New Eatery
