date:Dec 30, 2013
son Near. The purchase price: $19.8 million.
At the time, a Wendys spokesman told Columbus Business First in Ohio: We intend to operate the Austin market as a company market. Austin is a strong market for Wendys, and this gives us an opportunity to test new products and other major initiatives.
The Near brothers had been longtime Wendys franchisees. They are the sons of former Wendys Chairman and CEO Jim Near, who died in 1996. David Near was Wendys chief operations officer from 2006 to 2008.