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The Wendy's Company Sells Ownership Interest in Inspire Brands for $450 Million

11 monthes ago   |   By Restaurant News

Sale Proceeds Expected to Provide Company Flexibility to Invest in Future Growth
Board of Directors Approves New $100 Million Share Repurchase Authorization
Dublin, OH The Wendy's Company announced today that it has accepted an offer from Inspire Brands (Owner of Arby's®, Buffalo Wild Wings®, and R Taco®) to sell its 12.3% ownership interest in the company back to Inspire Brands for $450 million. The agreement was approved by The Wendy's Company Board of Directors and represents a 38% premium on the Wendy's Company's previous valuation of the investment.
“The sale of our stake in Inspire...
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Constellation Brands Restructuring, Lays Off Dozens of Craft Sales Reps

Constellation Brands Restructuring, Lays Off Dozens of Craft Sales Reps

11 monthes ago   |   By Brewbound

On the same day that it announced a $4 billion investment into Canada's Canopy Growth Corporation , Constellation Brands also laid off dozens of employees tasked with selling the company's craft and specialty beers throughout the U.S.
Constellation - whose craft portfolio includes Ballast Point in California, Funky Buddha in Florida and Four Corners Brewery in Texas as well as Mexican import brands Corona, Modelo and Pacifico - terminated around 60 of its 100 or so craft and specialty reps, a source familiar with the situation told Brewbound.
Beer enthusiast website beerstreetjournal.com...
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Italian Style Beef Wellington

Beef Wellington is a true delicacy often served on holidays and very special occasions that your dinner guests will find very impressive. Making a great Beef Wellington is... Read more ...

Chicken Liver Pate

Pâté sounds intimidating to make but this Chicken Liver Pâté recipe is simple and inexpensive yet has a magnificent flavor. This recipe combines the flavors of chicken livers... Read more ...

Tequila-Lime Marinated Angus Sirloin - Sound of Flavor

The Roasted Red Pepper Semolina Focaccia recipe in the latest video from POV Italian Cooking is packed full of flavor but still an easy bread to make at home. This Italian... Read more ...

Estiatorio Milos's Sommelier Wants the World to Love Greek Wines

Estiatorio Milos's Sommelier Wants the World to Love Greek Wines

When Dimitris Zafeiropoulos opens up a bottle of Greek wine , he is immediately transported to Palaio Faliro, the seaside district of Athens where he grew up. As sommelier at... Read more ...

Keeping Bar: How to Use Bénédictine in Your Cocktails

Keeping Bar: How to Use Bénédictine in Your Cocktails

Johnny Acurso The centuries-old liqueur adds depth to any cocktail Bénédictine is a French liqueur that's been around for over 500 years, and it's been enjoying popularity at... Read more ...

The First Restaurants In Boston's Chinatown

The First Restaurants In Boston's Chinatown

Let's continue our exploration of the history of Boston's Chinatown restaurants and survey the first couple decades of the 20th century. At the start of the 20th century... Read more ...

Bar Rescue - The Stampede Saloon Update

Bar Rescue - The Stampede Saloon Update

On this week's episode of Bar Rescue, Jon Taffer and crew are in Fort Worth, Texas to rescue Whiskey Girl Saloon. Whiskey Girl is co-owned by "big time bar-persona" Rick... Read more ...

American Breweries Survived Prohibition by Making Near-Beer, Baby Formula...

American Breweries Survived Prohibition by Making Near-Beer, Baby Formula, and Ice Cream

Americans have a unique relationship with alcohol. For 13 years, from 1920 to 1933, we weren't allowed to drink it. More than 1,000 American breweries folded as a... Read more ...

Cherry Clafoutis Bars

Cherry Clafoutis Bars

Lush custard, studded with sweet cherries, atop a shortbread crust, these elegant Cherry Clafoutis Bars are simple and elegant! Read more ...

STIR FRIED GARLIC CHIVES & EGGS

STIR FRIED GARLIC CHIVES & EGGS

It is very authentic Chinese dish that not many Chinese restaurants in the states will serve this dish. Read more ...

BLUEBERRY PIE BARS

BLUEBERRY PIE BARS

These BLUEBERRY PIE BARS are a simple twist on the classic blueberry pie. This bar dessert is perfect for feeding a crowd. Read more ...

Upgrade for UPRIGHT - West Village Brew House Revamps

Upgrade for UPRIGHT - West Village Brew House Revamps

There are a couple of things you can be certain of when visiting the West Village of Manhattan, NYC. The neighborhood's charm, with its noble brownstones and tree-lined... Read more ...

Anheuser-Busch's Golden Road Brewing Inks Multi-Year Sponsorship Deal with...

COLORADO SPRINGS, Colo. - USA Swimming, the national governing body for the sport of swimming in the U.S., U.S. Masters Swimming and Golden Road Brewing has announced a new... Read more ...