Wendy’s Names New CEO Amid Store Closures
#Wendys #FastFoodWendy’s appoints Robert Wright as new CEO amid store closures and activist investor pressure. Same-store sales fell 10% in Q4, with up to 358 U.S. locations closing this year. The burger chain aims to refocus on value to win back customers. read more
Wendy's to Close 140 Stores, Open 250-300 New Locations
#Wendys #RestaurantBusinessOnlineWendy's plans to close 140 underperforming stores by the end of the year but aims to open 250 to 300 new locations worldwide by 2024, focusing on growth and profitability. read more