Wendy's Mulls Acquisitions to Bolster Sales
Dublin, Ohio--Wendy's International Inc. is looking for acquisitions or investments of less than $50 million to help sustain its long-term sales and profit goals. Earlier this year, Wendy's paid $275 million to buy the Baja Fresh Mexican Grill chain and said it would consider buying another fast-casual concept.
According to the company, though, Wendy's, which owns Tim Hortons and has a 45 percent stake in Café Express, most likely wouldn't make another large acquisition in the next 18 months, partly because it wants to retain its investment grade debt ratings. The company has held talks on investments or acquisitions with about six companies in the last two years. -Nation's Restaurant News
Entrepreneur Editors' Picks
-
This Co-Founder Was Kicked Out of Retailers for Pitching a 'Taboo' Beauty Product. Now, Her Multi-Million-Dollar Company Sells It for More Than $20 an Ounce.
-
Have You Ever Obsessed Over 'What If'? According to Scientists, You Don't Actually Know What Would Have Fixed Everything.
-
After He Was Fired From the UFC, This Former Fighter Turned His Passion Into a Thriving Business
-
Most People Don't Know These 2 Things Are Resume Red Flags. A Career Expert Reveals How to Work Around Them.
-
How One Woman Turned Pandemic-Induced Boredom and a Makeshift Garage Art Studio Into a Thriving Franchise
-
Use These 4 Self-Care Rituals for More Resilience and Less Depletion
-
Shark Tank's Barbara Corcoran Wants to Invest in 'Someone Who Probably Needs a Good Shrink Instead of a Business'
