Wendy's, the famous fast-food chain is the latest victim of credit card data breach. The company's banking sources detected unusual patterns on customer credit cards right after they were used at a Wendy's outlet, and informed the company right-away. It immediately hired a cybersecurity firm to investigate the fraudulent activities that seem to have been tracked to Midwest and, lately, the East Coast. The investigation is currently ongoing and Wendy's did not provide any clear information on the findings.
Hamburger chain Wendy's Co (WEN.O) will buy back $1.4 billion of shares, including $211 million from Nelson Peltz's Trian Group, its largest shareholder, in its biggest repurchase program.
The Wendy's Company said it had sold 30 restaurants in Austin to HAZA Foods and another 19 restaurants to Desmond Foods as part of its System Optimization initiative.
Wendy's planned to cut down the total number of company-operated stores by selling 425 restaurant units to well-capitalized franchisees.
Today, NPC International announced completing its purchase deal of 13 Wendy's restaurants priced at US$11 million.
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