date:Feb 19, 2014
The Wendy's (WEN), a quick-service hamburger company, announced the sale of 70 restaurants in the Dallas-Ft. Worth metroplex to Texas-based MUY Hamburger Partners, a Wendy's franchisee.
The sale is part of the company's system optimization initiative, designed to promote new restaurant growth and reimaging, while generating a more predictable revenue stream for the company.
Wendy's is globally concentrating its restaurant ownership through the sale of about 415 company-operated restaurants in