wendy's Message Board - Msg: 2315217

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Non-Tech : wendy's

WEN 8.085

-3.9%

Jan 26 3:59 PM EST

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To: GARTH GILBERT who wrote (41)	9/30/1997 11:50:00 AM
From: Lynda Culberson	of 91

News out Monday, Sept. 29 at 8:07pm. "Wendy's plan expansion into Europe-paper" LONDON, Sept 30 (Reuter)- Wendy's International, Inc. the world's third-largest hamburger chain, is looking for partners in Britain and continental Europe as part of a fourfold expansion in its network outside the U.S., the Financial times reported. The report said executives from the company, who are in Britain this week to meet analysts and investors, expect to add up to 150 restaurants this year to the 564 in its international arm. Within five years they expect to have more than 2,000 brances outside the U.S. In Europe, the main focus in on the UK, Greece and Turkey, where the company hopes to increase its growth rate by converting local fast food chains to Wendy's, the report said. The Financial Times said analysts suggested on Monday possible targets would be Belgian-owned chain Quick Restaurants SA (QUICT.BR) and Wimpy of the UK. It said Wendy's was also intersted in joint ventures with leisure companies such as Bass Plc. (BASS.L).

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