Business Digest || Group considers selling Arby’s

Group considers selling Arby’s

ATLANTA

Wendy’s/Arby’s Group Inc. is considering selling its struggling Arby’s business and concentrating more on its better-performing Wendy’s hamburger chain.

The Atlanta restaurant operator has seen softer sales at both its Wendy’s and Arby’s locations, but Arby’s has struggled more because its sandwiches — which can cost $5 or more — are more expensive than many other fast-food offerings.

Diners turned instead to cheaper alternatives during the economic downturn.

The company announced in November that it would be coming out with lower-priced options at Arby’s but now has decided to explore other options, including potentially shedding the business. UBS Investment Bank will help Wendy’s/Arby’s as it explores alternatives for Arby’s.

There are almost 3,700 Arby’s restaurants in the chain, which is known best for its roast-beef sandwiches. Wendy’s has more than 6,500 restaurants in more than 20 countries.

From wire reports

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