Inspire Brands: Difference between revisions
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Undid revision 864796454 by 64.22.227.161 (talk) - reverted in good faith (again); please read the actual sources and press releases; Wendy's sold the shares directly to Inspire and not Roark; unless Inspire resold the shares to Roark, the ownership % did not change and Inspire has the option to resell the shares to a third party, such as a company officer) |
The article clearly states Wendy's sold their 12.3% stake back to the company, making it 100% owned by Roark |
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'''Inspire Brands, Inc.''', formerly Arby's Restaurant Group, Inc., is the owner of the [[Arby's]] restaurant chain, [[Buffalo Wild Wings]], and [[Rusty Taco]]. The company is based in Atlanta with a support center in Minneapolis.<ref name=qsr0>{{cite news|last1=Klein|first1=Danny|title=Arby's CEO: We're Not Done Buying Brands After BWW|url=https://www.qsrmagazine.com/news/arbys-ceo-were-not-done-buying-brands-after-bww|accessdate=February 7, 2018|work=QSR magazine|date=February 5, 2018|language=en}}</ref> Inspire Brands is |
'''Inspire Brands, Inc.''', formerly Arby's Restaurant Group, Inc., is the owner of the [[Arby's]] restaurant chain, [[Buffalo Wild Wings]], and [[Rusty Taco]]. The company is based in Atlanta with a support center in Minneapolis.<ref name=qsr0>{{cite news|last1=Klein|first1=Danny|title=Arby's CEO: We're Not Done Buying Brands After BWW|url=https://www.qsrmagazine.com/news/arbys-ceo-were-not-done-buying-brands-after-bww|accessdate=February 7, 2018|work=QSR magazine|date=February 5, 2018|language=en}}</ref> Inspire Brands is owned by [[Roark Capital Group]].<ref name="nrn-2015nov16">{{cite news |url=http://nrn.com/blog/arbys-sale-keeps-paying-wendys |title=Arby's sale keeps paying off for Wendy's |magazine=[[Nation's Restaurant News]] |date=November 16, 2015 |first=Jonathan |last=Maze}}</ref> |
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Arby's Restaurant Group, Inc. (ARG) was renamed Inspire Brands, Inc. as the company took ownership of [[Buffalo Wild Wings]] on February 5, 2018. Buffalo Wild Wings also owned the R Taco chain (Now [[Rusty Taco]]).<ref name=nrn>{{cite news|last1=Thorn|first1=Bret|title=Arby's, Buffalo Wild Wings new parent Inspire Brands debuts|url=http://www.nrn.com/mergers-acquisitions/arby-s-buffalo-wild-wings-new-parent-inspire-brands-debuts|accessdate=February 7, 2018|work=Nation's Restaurant News|date=February 5, 2018}}</ref><ref name=ap>{{cite news|title=Arby's closes deal for Buffalo Wild Wings, makes new company|url=http://www.startribune.com/arby-s-closes-deal-for-buffalo-wild-wings-makes-new-company/472765433/|accessdate=February 7, 2018|work=Star Tribune|agency=Associated Press|date=February 5, 2018}}</ref> Arby's CEO Paul Brown was selected to continue as Inspire Brand CEO.<ref name=nrn/> Brown expected that Inspire would acquire additional chains in different segments. He plans to structure the company similar to Hilton Hotels & Resorts.<ref name=qsr0/> |
Arby's Restaurant Group, Inc. (ARG) was renamed Inspire Brands, Inc. as the company took ownership of [[Buffalo Wild Wings]] on February 5, 2018. Buffalo Wild Wings also owned the R Taco chain (Now [[Rusty Taco]]).<ref name=nrn>{{cite news|last1=Thorn|first1=Bret|title=Arby's, Buffalo Wild Wings new parent Inspire Brands debuts|url=http://www.nrn.com/mergers-acquisitions/arby-s-buffalo-wild-wings-new-parent-inspire-brands-debuts|accessdate=February 7, 2018|work=Nation's Restaurant News|date=February 5, 2018}}</ref><ref name=ap>{{cite news|title=Arby's closes deal for Buffalo Wild Wings, makes new company|url=http://www.startribune.com/arby-s-closes-deal-for-buffalo-wild-wings-makes-new-company/472765433/|accessdate=February 7, 2018|work=Star Tribune|agency=Associated Press|date=February 5, 2018}}</ref> Arby's CEO Paul Brown was selected to continue as Inspire Brand CEO.<ref name=nrn/> Brown expected that Inspire would acquire additional chains in different segments. He plans to structure the company similar to Hilton Hotels & Resorts.<ref name=qsr0/> |
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Revision as of 16:34, 24 October 2018
| File:Inspire Brands.png | |
| Company type | Private |
|---|---|
| Predecessors | Arby's Restaurant Group and Buffalo Wild Wings, Inc. |
| Founded | February 5, 2018 in Atlanta, Georgia, United States |
| Founders | Paul Brown and Neal Aronson |
| Headquarters | , |
Areas served | United States Canada Kuwait[1] Qatar Turkey United Arab Emirates |
Key people | Paul Brown (Co-Founder/CEO) Neal Aronson (Co-Founder/MP at Roark) David Pipes (CFO) Nils H. Okeson (General Council/CAO) |
| Owners | Roark Capital Group |
| Subsidiaries | Arby’s Buffalo Wild Wings Rusty Taco |
| Website | inspirebrands |
Inspire Brands, Inc., formerly Arby's Restaurant Group, Inc., is the owner of the Arby's restaurant chain, Buffalo Wild Wings, and Rusty Taco. The company is based in Atlanta with a support center in Minneapolis.[2] Inspire Brands is owned by Roark Capital Group.[3]
Arby's Restaurant Group, Inc. (ARG) was renamed Inspire Brands, Inc. as the company took ownership of Buffalo Wild Wings on February 5, 2018. Buffalo Wild Wings also owned the R Taco chain (Now Rusty Taco).[4][5] Arby's CEO Paul Brown was selected to continue as Inspire Brand CEO.[4] Brown expected that Inspire would acquire additional chains in different segments. He plans to structure the company similar to Hilton Hotels & Resorts.[2]
On August 16, 2018, The Wendy's Company announced that it sold its 12.3% stake in Inspire Brands back to Inspire Brands for $450 million, which includes a 38% premium over its stake most recent valuation.[6][7][8]
On September 25, 2018, Inspire Brands announced that it was buying Oklahoma City-based Sonic Drive-In for $2.3 billion.[9] The firm expects that the acquisition should be completed by the end of the year.
References
- ^ "Arby's FAQ". Arby's.
- ^ a b Klein, Danny (February 5, 2018). "Arby's CEO: We're Not Done Buying Brands After BWW". QSR magazine. Retrieved February 7, 2018.
- ^ Maze, Jonathan (November 16, 2015). "Arby's sale keeps paying off for Wendy's". Nation's Restaurant News.
- ^ a b Thorn, Bret (February 5, 2018). "Arby's, Buffalo Wild Wings new parent Inspire Brands debuts". Nation's Restaurant News. Retrieved February 7, 2018.
- ^ "Arby's closes deal for Buffalo Wild Wings, makes new company". Star Tribune. Associated Press. February 5, 2018. Retrieved February 7, 2018.
- ^ "Wendy's sells stake in Arby's owner for $450 million". CNBC. August 16, 2018. Retrieved August 16, 2018.
- ^ Klein, Danny (August 2018). "Wendy's Sells Inspire Brands Stake for $450 Million". QSR Magazine.
- ^ "The Wendy's Company Sells Ownership Interest in Inspire Brands for $450 Million". PR Newswire (Press release). August 16, 2018.
- ^ Thorn, Bret (September 25, 2018). "Inspire Brands to buy Sonic Corp. for $2.3B". Nation's Restaurant News. Retrieved September 25, 2018.
Categories:
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- Companies based in Sandy Springs, Georgia
- Fast-food chains of Canada
- Fast-food chains of the United States
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- 1964 establishments in Ohio
- Wendy's International
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