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[27] [28] It was officially announced on January 20, 2011, that the group would seek a buyer for its Arby’s Group with 3,700 restaurants. [29] On June 13, 2011, Wendy's/Arby's Group Inc. announced that it would sell the majority of its Arby's chain to Roark Capital Group , maintaining an 18.5% stake in the company.
An Arby's restaurant with a vintage sign in Midland, Michigan (2006). Arby's was founded in Boardman Township, Ohio, on July 23, 1964, by brothers Forrest (1922–2008) [15] and Leroy Raffel (1927–2023), [16] owners of a restaurant equipment business who thought there was a market opportunity for a fast food franchise based on a dish other than hamburgers.
Inspire Brands LLC is an American fast-food restaurant franchise company. Owned by Roark Capital Group, it owns the Arby's, Buffalo Wild Wings, Sonic Drive-In, Jimmy John's, Mister Donut, Dunkin' Donuts, and Baskin-Robbins chains, which have a combined 31,700 locations and US$30 billion in system sales.
On September 29, 2008, the company merged with Triarc Companies Inc., the publicly traded parent company of Arby's; [35] [36] Wendy's headquarters remained in Dublin. Triarc then became known as Wendy's/Arby's Group, and later as the Wendy's Company following the sale of Arby's to Roark Capital Group.
In November 2017, Roark Capital Group and The Wendy's Company, co-owners of Arby's Restaurant Group, announced its plan to purchase the chain for about $2.4 billion plus debt. [ 13 ] [ 14 ] This deal was completed on February 5, 2018 with Arby's Restaurant Group being renamed Inspire Brands and set up as the holding parent company to Arby's ...
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Number of U.S. locations Areas served Notes 7 Brew Coffee: Rogers, Arkansas: 2017 273 Nationwide 7 Leaves Cafe: Westminster, California: 2011 41 Southwestern United States Argo Tea: Chicago, Illinois: 2003 Chicago, Illinois: 41 East and Upper Midwest Biggby Coffee: East Lansing, Michigan: 1995 Lansing, Michigan: 265 Southeast and Midwest ...
Sonic Corporation, founded as Sonic Drive-In and more commonly known as Sonic (stylized in all caps), is an American drive-in fast-food chain owned by Inspire Brands, the parent company of Arby's, Dunkin' Donuts and Buffalo Wild Wings. [5] Sonic, founded by Troy N. Smith, Sr., opened its first location in 1953, under the name Top Hat Drive-In. [6]