Announced on Wednesday, Wendy's the third largest hamburger chain has announced that they have put a committee together to discuss the possible sale of the company. They are third behind McDonald's and Burger King. The committee plans to look at strategic options. The company will not be making announcements as to their progress of the sale or other options. Wendy's revenue is up 2 percent to $590 million from $579 million. Wendy's also sold its Baja Fresh Mexican Grill chain in November and has since then focused on the burger business again. It is said that the sales market is heading in the right direction however, cuts still need to be made.
Article Link:
http://www.msnbc.msn.com/id/18316001/
Friday, April 27, 2007
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