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

6 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

6 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 ...

Wing Zone Set to Open a Dozen New International Locations in 2019

Wing Zone Set to Open a Dozen New International Locations in 2019

Fast Casual Wing Franchise Continues Global Expansion with Multiple Openings in Panama and the Philippines Atlanta, GA Coming off the 25 th year since the brand's founding... Read more ...