It's officially over. Private equity is going to buy Wendy's and strip it for parts
>>22265462Wendy's nutz lol
This is the way American culture dies: scrapped and sold for parts by nameless men from the Financial District
>>22265462I don't see any notice of a completed sale or the government signing off on this. That said, if this sucked, it would only make Wendy's marginally more worse than it is now. I haven't gone there in years. Have at it.
>>22265462What the fuck is there to strip? The chain was decimated by 2011, they haven't done anything noteworthy as a brand since the Baconator.
Which fast food chain is going to go under first?
wendys has been awful for a decade straight, good riddance
>>22265467yep, and they kept lowering ingredients quality repeatedlyreally weird that the best burger chain was systematically destroyed
>>22265465>the government signing off on this.Why would the government need to approve this? Dave Thomas died and the company has simply gone downhill ever since. Cheapening of ingredients, terrible promo sandwiches, shit fries, a remodel of all restaurants to look and feel like a corporate 00s break room, and those freestyle coke machines than were either out of every flavor or it was not setup properly so it was weak soda. Kiosks installed but they're usually out of order but it doesn't matter because it's never busy enough to beg to expedite ordering.
I'll just buy from a local place that is cheaper and of higher quality lol
Holy fuck! Wendy's is only worth 1.4 billion dollars? That's insane. That's less than 1 single percent of McDonald's market cap. I didn't know Wendy's fell that hard.
>>22265501>I didn't know Wendy's fell that hard.Their primary selling feature was relatively high quality for the sector. Remove quality and there's nothing left to sell. Others either chains do cheap shit better, or expensive higher quality better. Wendy's shit is not cheap, it hasn't been good in 15 years and they essentially ceded everything appealing they had to competitors. Private equity is just the undertaker of dead companies come to dispose of the corpse and remaining estate.
Dave Thomas is rolling in his grave what they did to this company is criminal
>>22265527Makes me wonder how much Arby's is worth. Are there any national fast food chains worth less than a billion dollars? It seems so incredibly low for how ubiquitous they are in the US.
>>22265462Wait, all of the Wendy's chain is only worth $1.4 billion? Really?
>>22265543Most locations are franchises. The $1.4 billion offer also would assume the corporate debt. I have no idea what their balance sheet looks like but $1.4 billion seems undervalued, despite it trading for even less than that on the public market.
>>22265569realised i made a typo at the start of this post meant to say *white race is on their knees
>private equity is why Wendy’s sucks!>somehow they went back in time and made it bad before they even bought itretards actually believe this
>>22265585do you make up scenarios in your head that no one said to cry over part time or is it a fulltime gig?
Why the fuck did she let it crumble on her watch?
>>22265585>>somehow they went back in time and made it bad before they even bought itYou probably work for Nelson Peltz.Trian Fund Management (led by Nelson Peltz) first purchased shares of Wendy's in 2005 to 2007They accumulated 5.5%For over 20 years, Trian remained the single largest shareholder or maintained a heavy influence over the company.This cocksucker is stealing this company.
>>22265467Real estate
>>22265484>Why would the government need to approve this?Do you know how big corporate mergers work and what the law is? Granted, our current government doesn't seem too interested in the enforcement of such things unless it's a pretext for brutalizing people
>>22265485every fucking thread one of you niggers says this, where the fuck do you live where you have local mom and pop burger spots everywhere that are magically cheaper than any fast food chain, this 100% does not exist where i'm from
>>22266365tell me about it
>>22266365Dave’s Town Club in Delano sells a 1/3rd lb burger for the price of a McDon’t’s quarter pounder and it’s an actual good burger. The steak special is 12 oz for $14 and is also good.The problem is it’s always too busy for the size of their kitchen, so wait time for a burger and tots is frequently 40 minutes even on a normal ass weeknight if you don’t call ahead.
>>22266359>current*allIf it’s any consolation, they at least pretend. My company’s acquisition took forever because we’re in tech and the buyer was a scary Japanese.
>>22265585>he doesn't know about jewish time traveling financial technology and borrowing money from the future
>>22265462It says "offers". Nothing is decided.
>>22265462They were dead to me once they switched to shredduce.
>>22266359>Do you know how big corporate mergers work and what the law is? Kinda, when businesses buy other businesses the government will check to see if it's monopolistic or in violation of other anti competition. Private equity buying fast food brands isn't really something the government is known for caring about other than taxes. Private equity bought Whataburger, nobody at the government batted an eye.
I can't believe a national (technically international) American chain like Wendy's can be worth only 1.5 bouillon. They really have fallen into despair.
>>22266367Those are aussie dollars... right?
>>22267028non of those beers are sold in Australia anon
>>22265624Bodied that faggot hard
>>22265462Peltz was the only sane near majority shareholder at Disney trying to unfuck Iger's boomer bullshit. He might actually turn it around.
>>22266359Kek $1.4b is not a "big merger" and Wendys is a tiny fraction of the fast food market, much less the restaurant industry. Billion dollar companies get.boight and sold every day, the government only cares / gets involved if there's an anti trust concern.
Ma'am, this is a Wendy's.
>>22265464>American culture is literally soulless fast food brands
>>22267092Anyone who thinks the government would stop this should go look at how much of the industry is controlled by Roark Capital.
>>22265462>TrianLol imagine having a name that looks like a misspelling of Brain
>>22267351if roark capital were democrats incels would be screeching day and night over them. but due to the fact that they're largely right wing...not a fucking peep.same thing with billionaires like sheldon adelson and the koch brothers. just equally as active as soros in all kinds of ventures but you never hear about them because they're right leaning.
>>22267592they're le good jews like jesus o algo
>>22265624>>222670655% is 0%.
>>22267596>5% is 0%.
>>22267065No it’s just too retarded to respond to.
>>22267605gottem again.
>>22267605>anon makes post saying it's stupid to assume PE ruined wendy's before today>another anon shows PE has had nontrivial stakes in them for 20 years>"uhhh t-that's retarded..."lol
>>22267632>This publicly traded company that's shit is actually the fault of private equity because they owned 5% of itDoesn't match reality. You decided your conclusion and are now grasping at straws to support it.
>>22267643anon you got BTFO and you're desperately trying to deflect but all you can do is "n-nuh uh...". PEGs have fleeced countless once-great brands in this country. that other anon was right: you probably work for the PEG. which, if you're their damage control then i say they really jewed out by hiring you lol
>>22267653Do you think 5% is 50%, you innumerate retard?
>>22265463Lol! GOTTEM!!
>>22267657Do you understand how much 5% in a public company is? Hit the books retard, your YouTube and Reddit finance degree has failed you.
>>22267592If you knew what Roark in their name was a reference to, you'd understand that given the chance, they'd put a lolbertarian in the White House.
>>22267643>>22267653In this particular case, I have to wonder if they used their influence as a major shareholder to tank the company enough to make it cheap for them to purchase entirely. Then they can do a turnaround once it is fully under their ownership, increasing its value several times over.
>>22267699>increasing its value several times over.I rarely ever hear about PE permanently turning a company around FOR THE CONSUMERS for good
>>22267673It's almost 10% of a majority stake.
>>22267769It doesn't have to be for the consumer good for the value to increase. Look at Microsoft and Apple. Both have crapified while becoming multi-trillion dollar companies.
>>22267834>It doesn't have to be for the consumer good for the value to increaseThat's why I capped "for the consumer". >Look at Microsoft and Apple. Both have crapified while becoming multi-trillion dollar companies.Not saying PE didn't have a hand in them but I think their success has been less PE and more being in the right place at the right time in a nascent industry + shrewd leadership
>>22267643>Doesn't match reality.Do you know what an Activist Investor is?Peltz is a textbook example.He exerted a lot of pressure upon Wendy's management for TWENTY YEARS.Between himself and his Trian Fund, he owns more than 24%.He went from 5 to 24% within the past 20 years.I don't care enough to flesh out the milestones.I know that Wendy''s quality and portion has deteriorated during that time, in addition to becoming insanely expensive.
>>22267699>In this particular case, I have to wonder if they used their influence as a major shareholder to tank the company enough to make it cheap for them to purchase entirelyI independently came to that conclusion as well.Here's why:Peltz has stated the intent to1.Acquire2.Then Privatize WendysHe wants to collect ALL of the economic rent.My guess is that he'll permit some level of product improvement, but it will never be what Dave Thomas gave to us.
>>22267351oh no wonder Sonic fucking blows now.
>>22267351LOLThere's zero Antitrust enforcement in this shithole country.Thanks for the list, anon.
>>22265462The sassy twitter page didn't save the company? :(
Wendys tried to position themselves as "fresh" and "superior" even though it was still generally mediocre at slightly higher prices
>>22265462I really used to like Wendy's. The last time I went there years ago I spent 15 dollars for a single meal. This isn't rocket science. Just don't make us pay 20 dollars for a sandwich fries and soda.
Just give us the classic fries one more time before you go under. We don’t care if they are soggy: greatest fries ever
>>22265617She should have just been the cute cartoon girl on the sign instead of IRL land whale. She definitely looks like she enjoys Wendy's, though
>>22268583They were never that good anon :[
>>22265464Wendy's died when they replaced the spicy chicken breast sandwich with that awful shit that gets shat out by a machine like BK's chicken sandwich. I went to Wendy's one day, which was rare because I only eat out when I'm suddenly pulled away from home for whatever reason, and they served me this awful adulterated patty, it was disgusting. I have never gone into a Wendy's since, and never will, and I will dance on their shitty grave when this is all over.McDonalds is next. Quality has been going down for at least 15 years there, portions smaller, more disgusting artificial ingredients, and the faggy poof of a CEO can't even bring himself to bite into his own sandwich.
>>22265462Wendy's hasn't been good since the removal of the Super Bar
>>22269127>portions smaller,Didn't happen. Big Mac has always used 3.2 oz beef. A portion of fries in the 50s was 2.4 oz and a large fry today is 5.9 oz, same as in the 90s. The drink sizes are the same as the 90s too, and much much larger than the 50s. The food just looks smaller to you because you're a fat, disgusting goy who's tripled in weight.
>>22265462Surely after this aquisition, the quality of Wendy's food and restaurants will only increase. Because everyone knowd thats what always happens whenever these kinds of big corpo purchaces occur.
>>22269183The baconator when it first came out was good
>>22265462the only thing I would miss would be the chili
>>22269372got u covered pal
>>22269344You're talking pre-cooked weight. They add water to the beef and siloxane to the fries.This won't work you know, you can't just lie on the Internet.
>>22269423>you can't just lie on the Internet.Then how come you do? McDonald's beef portions are the same. They use a smaller bun for the Big Mac than they originally did because of the Wendy's "Where's the beef?" campaign. The fries and drinks are much larger now. These are facts about the world.
>>22269424>McDonald's beef portions are the same.Pre-cooked weight. But after all the water they add boils off you end up with far less meat than you used to. It's also obviously pink slime, not real ground beef.McDonalds is the nastiest of all the fast food places.
>Never frozen beefDoes anyone care about this? I don't understand why this would be a chain's main selling point.
>>22269127The spicy chicken was the only decent thing they had left and they turned it into garbage covered in sauce, pickles and shitty shredded lettuce.
Do the workers even have any grill skills now a days? https://www.youtube.com/watch?v=MbVDQKcxg00
>>22269515ntaany proof for your claims?
>>22265462Oh no, not another billion dollar corperation, the horror.
>>22265462I’m genuinely surprised that one of these tech billionaires doesn’t buy a beaten down fast food chain, like Wendy’s or Jack in the Box, and change it to offer good food at a good price. Instant reputation improvement with the masses for what to them isn’t a lot of money
