Wendy's Buys Majority Stake in Cafe Express

<b></b>

Dublin, Ohio-Wendy's International Inc. has taken another step outside of its core hamburger niche by buying a majority stake in Cafe Express, a Houston-based chain of fast-casual restaurants.

Wendy's purchased a 45 percent stake in Cafe Express in 2002 for $9 million. On Monday, it announced it was upping its ownership position to 70 percent. Cafe Express has 18 restaurants in Texas.

Wendy's has been working to diversify its restaurant portfolio in recent years. It acquired Tim Hortons, a Canadian doughnut and sandwich chain, Baja Fresh Mexican Grill, a fast-casual chain based in Newbury Park, California, and a 25 percent stake in Pasta Pomodoro, a chain of 24 Italian restaurants in the San Francisco Bay area. -Columbus Business Journal

Editor's Pick

Have More Responsibilities at Work, But No Pay Bump? Use This Script to Get the Raise You Deserve.
Black and Asian Founders Face Opposition at All Levels — Here's Why That Has to Change
Business News

'This Made Me Physically Recoil From My Phone': Lingerie Brand Apologizes For 'Creepy' Ad Referencing Ryan Reynolds and Bras

Online lingerie retailer Harper Wilde is under fire for a bizarre sponsored post it has since pulled from Instagram.

Thought Leaders

5 Small Daily Habits Self-Made Millionaires Use to Grow Their Wealth

We've all seen what self-made millionaires look like on TV, but it's a lot more subtle than that. Brian Tracy researched what small daily habits these successful entrepreneurs adopted on their journey from rags to riches.

Business News

Viral Sensation 'Popcorn Guy' Has Earned a Gig at the 2023 Oscars

Jason Grosboll first went viral on TikTok for his theatrical method of buttering popcorn in a Texas movie theater.