Wendy's/Arby's to develop in Russia
August 10, 2010
by Eric Schroeder
ATLANTA — Wendy’s/Arby’s International, a subsidiary of Wendy’s/Arby’s Group, Inc., has signed an agreement with Moscow-based Wenrus Restaurant Group Ltd. to develop 180 dual-branded Wendy’s and Arby’s restaurants in the Russian Federation during the next 10 years. The move continues Wendy’s/Arby’s international growth, which in recent years has included development in Turkey, Malaysia, Singapore and Mexico.
“This is a key step in the continued acceleration of our international development strategy,” said Roland Smith, president and chief executive officer of Wendy’s/Arby’s. “Russia is a dynamic market that offers significant long-term expansion potential. We are very pleased to partner with WRG — their extensive knowledge of the Russian food service market will allow us to bring our premium hamburgers and roast beef sandwiches to consumers across the country.”
WRG is part of Food Service Capital, which operates 28 restaurants, including Goodman Steak Houses, in Moscow and Novosibirsk in Russia, Kiev in the Ukraine and London in the United Kingdom.