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
>>22269954because the current crop of tech billionaires don't give a flying fuck about providing a good service to society. they want to turn into immortal cyborgs and build fortresses on remote islands for when the bombs drop.
>>22269954>why don't people with money just do a thing that loses money!
>>22270560yup. rich people used to build libraries and museums and shit. now they don't give a fuck
>>22270566even then building those things happened because they had personal incentives to do so. it carried their names. something somewhere along the line changed through, some time in the mid 20th century.
>>22269954Elon already has a restaurant.
>>22270707This. For me it is the epic bacon fries
>>22270594yeah I guess what's changed is that they no longer care about their legacies, don't care about being liked or about their names carrying positive associations. all of those things mean that, on some level, you value the public's opinion bout you. if you don't care about that and if you think the world's on a course to more or less end, then I guess their mindset makes a sort of twisted sense
>>22270801They're "Citizens of the World" now. They have no reason to care about their legacy in the places they inhabit.
>>22267699It isn't like Trian hasn't tried to do this beforeDisneyGEMondelezetcThey make bank trying to pump and dump companies with activist shit
>>22270565The restaurants don’t have to lose money, just be high volume low profit like fast food is meant to be. Right now we’re even being priced out of bread and circuses, left with nothing to expect aside from rich men that think we’re NPC’s in a game they’re playing telling us we’re stupid>>22270707It’s only a single location and the dummy is selling a plain hotdog for $9.50
>>22265462That's what Wendy's gets for considering price gouging its customers.
Its always fucking cold
>>22271353Quality isnt cheap pal
>>22271311you haven’t figured out that they’re already low profit? there’s nothing left to squeeze.
>>22270566The rich people who built those buildings only did it to rehabilitate their images from siccing Pinkertons on strikers at the height of the worker's rights movements in the USIt worked (which is why people actually think of Carnegie as a """philanthrophist""") and now that worshiping the rich is built into US society they don't need to bother at all
>>22267120uh, yes, it literally is. America invented fast food.
>>22265462I too wish to purchase Wendy (she's my neighbors daughter)
>>22267120Its not not that obviously there's more to it than that but when you look globally and see all these ancient historical European or asian african cities with Starbucks and Burger king's looming around tourist spots you can't help but associate it with American culture. America is only 250 years old we dont have any culture or history you could compare to anywhere else
>>22265464>nameless menhis name is nelson peltz. his daughter was in transformers movie.
>People bitch about public ownership needing line go up>People bitch about private equity moving businesses to efficient basicswhat do you want
>>22271690Businesses to run at a loss and be heavily subsidized by taxpayer dollars. We hate capitalism here.
>>22269692Anyone time someone breaks this shit out you know they are wrong
>tank the product quality>hire nothing but surly Student Protestors who can't even get a bad product correct>double prices in under a few yearsAaaah, the beef prices! Aaaaaaah, the competition is so fierce now! Where are our customers!? We just can't make it in this environment! AAAAAAAAGH
>>22271783I think it’s the quality more than anything. People actually can handle price increases even in a trash economy. But with a drop in quality Wendy’s has no niche
Just went the other day and noticed they brought back the yellow packaging. Did they think that would bring people back?
>>22271690how cute, she has no idea how PEGs actually operate. or she's being willingly retarded.
>>22266367>the audacity to charge 9 dollars for a beer and then demand I pay in cash so they don't have to pay taxesI'd report them to the IRS
>>22267592dems screech and howl about how the Kochs are literal Satan constantly.
>>22270594true industrialists and inventors don't and can't exist anymore. so many laws and regulations and taxes exist now that nobody can truly innovate or create anymore unless they're already a billionaire and can afford to navigate the red tape. the layman "inventor" these days only has the option of making some flashy useless household trinket they can turn into a fad purchase and then cash out at the top of boom.
>>22272005Saying this when two companies created in the last decade are about to IPO for over a trillion dollars each is so funny.
>>22265463Kek
>>22271789Wendy’s quality is already at the bottom of the gutter, pick a new argument.
>>22265463Gottem!!
>>22265462Why they've been going to shit for so long now anyway?
>>22265462What a shame. I had Wendy's the other day. It's nice because they are the only big chain that lets you put extra veggies on your burger for free. Adding extra tomato, lettuce, onions and pickles on a burger makes it really hardy. The baked potato is also better than fries. Fuck might as well have another one of their biggie bag value meals before they shut down for good.
I used to work at Wendy's in the late 90's. Lot of the food tasted really good. We didn't get free meals though, just discounted. So I would sneak food when I could. Like the grilled chicken breast always had an extra small piece on some of the breasts when cooking them. Used to cut that off. Also the frosty machine had these bags of mix and the machine couldn't get the last bit of frosty out. So I drank that when I changed it out. I can't say they were good times, because work sucks, but looking back those were the good moments of a bad life. Thank you for reading my blog.
How can you turn down deals like this?
>Wendy's actually thinks this is a deal
>>22272350It's a dollar more in leaf land and comes with a frosty.
>>22272470damn that's like $2 americantoo bad a bunch of you know who's are preparing it
>>22272089>but looking back those were the good moments of a bad lifeVery poetic. Rude of them to not give the workers a free meal, Wendy must have eaten them all
I was watching an old porn scene the other day.Maybe from 2015? Can't remember the girl's name, but J Mac was the cocksman.He was talking with her at the start of the scene, asked what she had been doing before joining the industry.And she said something like, "Working at Wendy's. You know, slamming out those 4 for 4's."I had to pause the video and think to myself,Has it been that long?
>>22272089When I worked at BK, employees received a 50% discount on a combo meal if they worked four hours in a shift and a free combo for an eight hour shift. Though it wasn't franchisee policy, all of the managers would let you get one 50% off combo during your lunch break and another 50% off combo at the end of your shift if you did eight hours. Most employees didn't realize that wasn't a good deal if you did one free double whopper with cheese meal at lunch and then just paid full price for the smaller combo, should you even feel the need for more food that soon, at the end of your shift.
>>22265467triple baconator high key slaps tho
>>22272684Pretty nuts they ruined something as iconic as their 4 for 4Last thing remotely comparable was arbys 5 for 5
>>22271460Before or after the wheel?>>22271524Long gone granddaddy. Over here UShit is a tiny fraction of the market and most are closed now and replaced.. Döner is times of the murrican slop but they are not that disgustiung loudmouths and just do business
>>22272787subway's 5 dollar footlong tops them all
>>22273051
>>22266396>ass weeknightSounds like a weak-ass night.
>>22268047
>>22270566I WALK THE CORNER TO THE RUBBLETHAT USED TO BE A LIBRARYLINE UP TO THE MIND CEMETERY NOW
>>22272918the englishman says that because it doesnt matter to him if doner rapes his child if hes quiet about it.
>>22273117WHAT WE DON'T KNOW KEEPS THE CONTRACTS ALIVE AND MOVIN
>>22265468Pizza butt
>>22272067What kind of LLM slop is this? No one was making an argument, modern internet sucks cock lmao always some ESL thirdie or bot misinterpreting everything
