Hasta La Baja.Hasta La Baja: Wendy's International Wendy's International, Inc. NYSE: WEN is the parent company of Wendy's Old Fashioned Hamburgers. It also owns 70 percent of Cafe Express and 25 percent (fully diluted) of Pasta Pomodoro. The Tim Hortons chain was spun off by Wendy's into a separate company in September 2006. Inc. completed the sale of its struggling Baja Fresh Baja Fresh is a restaurant chain of Fresh Mex restaurants founded in Newbury Park, California, United States in 1990 by Jim and Linda Magglos. Categorized as a "fast-casual" restaurant, the quality and preparation time of its food is between that of a fast-food restaurant and a Mexican Grill chain to a consortium of investment groups led by David Kim Dr. David Kim (born November 7, 1969) is a physician and orthopedic surgeon who specializes in sports medicine, arthroscopy and shoulder reconstructive surgery. His office is located in Huntington Beach, California at the Huntington Beach Orthopedics and Sports Medicine practice. . The Anaheim-based restaurateur res·tau·ra·teur also res·tau·ran·teur n. The manager or owner of a restaurant. [French, from restaurer, to restore; see restaurant. and retailer bought the 298-unit Thousand Oaks-based chain for approximately $31 million last month. Kim, who also owns the Sweet Factory chain and is a franchisee of Cinnabon and Denny's restaurants, paid far less than the $275 million Wendy's shelled out when it bought the then-173 unit Baja Fresh chain four years ago. Since becoming part of Wendy's, Baja Fresh has cost the Dublin, Ohio-based hamburger chain around $300 million in write-offs, closures and goodwill charges. Wendy's intends to focus on its flagship fast food franchises. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion