Wendy's/Arby's Group reaches development pact
Jan. 27, 2011
by Bryan Salvage
ATLANTA – Wendy’s/Arby’s International Inc., a subsidiary of Wendy’s/Arby’s Group Inc., has reached an agreement with Desarrollos Gastronomicos S.A. (DEGASA) to develop 50 Wendy’s restaurants in Argentina during the next 10 years. The first location is set to open this year in Buenos Aires. DEGASA is a private investment company.
“Argentina is the latest example of the meaningful progress that we are making in the acceleration of our international expansion efforts,” said Roland Smith, Wendy’s/Arby’s Group president and CEO.
“This agreement is a substantial step forward in DEGASA´s strategy of creating one of the leading foodservice operators in Latin America,” added Guillermo Stanley, DEGASA spokesperson.
Since June 2009, Wendy’s/Arby’s Group subsidiaries have also reached long-term development agreements with franchisees for the Middle East and North Africa, Singapore, Turkey, Russia and the Eastern Caribbean. The company is aggressively pursuing potential opportunities in Japan, China, Brazil and other key international markets.
Wendy’s/Arby’s Group Inc. is the third-largest quick-service restaurant company in the US and includes Wendy’s International Inc., the franchisor of the Wendy’s restaurant system, and Arby’s Restaurant Group Inc., the franchisor of the Arby’s restaurant system. Combined, the restaurant systems total more than 10,000 restaurants in the US and 24 countries and US territories worldwide.