Arby's Restaurant Group (US)
Arby's is one of America's biggest sandwich restaurant chains, sitting some way behind Subway. It is best-known for freshly sliced hot roast beef sandwiches. The business was owned for several years by investment group Triarc, but following the acquisition of larger chain Wendy's in 2008, the Arby's business became increasingly overshadowed. It was sold to private investment backers in 2011, and performance has improved significantly as a result. The chain celebrated its 50th anniversary in 2014.
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Recent stories from Adbrands Weekly Update:
Adbrands Weekly Update 16th Nov 2017: Consolidation continues in the US restaurant industry. Roark Capital, the investment fund that owns Arby's, Hardee's, Carl's Jr and Jimmy John's, has offered to acquire casual dining chain Buffalo Wild Wings. The bid of $2.3bn represents a significant premium over Buffalo's current value, though still below past highs. The chain has suffered inconsistent performance in the past couple of years, and faces the imminent retirement of CEO Sally Smith, who has led the business for more than 20 years. Investors believe a rival bid might emerge over the coming weeks.
Adbrands Weekly Update 26th Sep 2013: Arby's announced the departure of CEO Hala Moddelmog in favour of George Condos, previously COO. At the same time, Rob Lynch was named as Arby's new chief marketing officer.
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