Why Wendy wants to buy 400 from his own bankruptcy places
A grand franchisee filed for the bankruptcy of Chapter 11 in July.
The parent company ofWendy's Hope to buy hundreds of franchised locations in bankruptcy to prevent them from being sold.
The company of Wendy Wants the restaurants nearly 400 Wendy exploited by Franchisee NPC International to stay the locations of Wendy. But there is a problem: NPC International filed forChapter 11 Bankruptcy in July. NPC International exploits more than1,200 restaurants from the pizza hut and 385 Wendy's, the last time the bankruptcy has announced its intention to sell. (In touch:9 restaurant chains that have closed hundreds of locations this summer.)
Now, Wendy's company itself seems ready to be the buyer. The company is concerned that many affected places do not stay the restaurants of Wendy if they are sold, instead of the Caisse, so that the property can be used for other purposes. In a deposit with theSAFETY AND EXCHANGE COMMISSIONWendy has clearly indicated that it has not planned to maintain hundreds of locations acquired indefinitely. Instead, "several existing and new franchisees would be the ultimate buyers in most NPC markets, the company acquiring at most one or two markets."
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In other words, society does not try to consolidate power. He really wants Wendy's restaurants currently existing to stay as such. Overall, about5% of the chain of more than 6,500 locations are collectively detained. This figure is in contrast marked with the rival McDonald's, where is close to45% of the restaurants of the restaurant have a general property.
Wendy'sreported Its highest global growth in global sales over 15 years old at the end of the third quarter. The turnover of $ 452 million also emphasized the$ 437 million Won the previous year, which gives the credibility to the actions of the company of Wendy.
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