Wendy’s owns about 18.5 percent of Arby’s, valued at around $325.9 million. Arby’s has more than 3,300 outlets nationally and is the third largest sandwich chain behind Subway. In 2011, Wendy’s sold Arby’s to Roark Capital but kept an 18.5 percent stake. Arby’s owns Buffalo Wild Wings, Sonic Drive-In and Jimmy John’s. The cowboy hat reflects the Wild West nature of Arby’s.
Founding and Expansion
Arby’s was founded in 1964 by the Raffel brothers. Initially, Arby’s only served roast beef sandwiches, chips and soft drinks. In the 1970s, Arby’s expanded by 50 stores per year and added menu items like beef ‘n cheddar, jamocha shakes, chicken sandwiches and curly fries. The family-owned business’ IPO attempt in 1970 was unsuccessful due to a stock market fall, leading to a sale to Royal Crown Cola Company in 1976 for $18 million.
Current Ownership
Arby’s is now owned by Inspire Brands, which was originally called Arby’s Restaurant Group until it acquired Buffalo Wild Wings in 2018. Inspire Brands also owns Jimmy John’s, Sonic Drive-In and Rusty Taco, boasting over 8,300 locations. The largest Arby’s franchisee is RB American, with 370 restaurants across 9 states. In 1992, the first Canadian Arby’s opened in Quebec.
Wendy’s previously sold most of Arby’s but retains an 18.5% stake worth around $325.9 million. Arby’s, known for roast beef and deli sandwiches, maintains a cowboy hat logo reflecting their Wild West spirit.
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