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Wendy’s/Arby’s Group Inc. plans to slice away the Arby’s sandwich chain by putting it up for sale, people familiar with the matter said.
The move represents a concession by activist investor Nelson Peltz that Arby’s, known for its roast beef sandwiches, is having trouble competing in an industry where the only viable ways to grow are to steal market share from rivals or expand overseas-two things Wendy’s is better positioned than Arby’s to accomplish. Get the full story »
Nelson Peltz’s Trian Partners on Friday reported no stake in Kraft Foods Inc. on June 30, according to regulatory filings.
Peltz previously held nearly 4.5 million shares in the food company, a significant portion of his portfolio. The famously aggressive shareholder has generally been selling his one-time massive position in Kraft–once worth more than $1 billion–since early last year, according to disclosures. Get the full story »
