Wendy’s/Arby’s wraps Russian deal
Wendy’s/Arby’s Group Inc. is continuing its international expansion.
The Atlanta-based restaurant company announced a deal Tuesday between its international subsidiary and a Russia-based franchisee to open 180 dual-branded Wendy’s/Arby’s locations in Russia in the next 10 years.
“Russia is a dynamic market which offers significant long-term expansion potential,” Wendy’s/Arby’s CEO Roland Smith said in a release.
The deal is with Moscow-based Wenrus Restaurant Group Ltd., an affiliate of Food Service Capital, operators of 28 restaurants, including Goodman Steak House locations in Moscow, Novosibirsk, Kiev and London, according to information from Wendy’s.
Wenrus CEO Alexander Kovaler said in the release that Wendy’s and Arby’s are high-quality brands with menus that will differentiate its business from other restaurant chains in Russia.
The deal is the latest in a series of international agreements announced by the chain in the past year, including for 35 Wendy’s locations in Singapore, a 135 dual-branded restaurant deal covering nine countries in the Middle East and North Africa, and 100 Arby’s in Turkey No teletrak payday loan. Restaurants in Singapore and Dubai have opened under those deals.
The company, as of April, had 305 locations outside the U.S. and Canada, predominately Wendy’s restaurants. The bulk of them are in Venezuela, Puerto Rico, the Philippines, Honduras, Indonesia and Mexico.
Wendy’s/Arby’s Group (NYSE: WEN) earned $5.1 million last year on revenue of $3.6 billion.
There are 10 Wendy's and nine Arby's in Albuquerque.
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