The Wendy's Company
 |
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| The Wendy's Company | |
| Public company | |
| Traded as |
NASDAQ: WEN S&P 400 Component |
| Industry | Restaurants |
| Founded | 1890/1929 |
| Headquarters |
1 Dave Thomas Boulevard Dublin, Ohio, U.S. |
|
Area served
|
Worldwide |
|
Key people
|
Nelson Peltz, Chair Peter May, Vice Chair Todd Penegor, President & CEO |
| Revenue |
 $2 billion USD (2014) |
|
$161.1 million USD (2015) |
|
|
Number of employees
|
37,000 (2,500 salaried, 34,500 hourly) |
| Subsidiaries | Wendy's International |
| Website | www.wendys.com |
The Wendy's Company (Quality is Our Recipe, LLC) is an American holding company for the major fast food chain, Wendy's. Its headquarters are in Dublin, Ohio. The company was known as Deisel-Wemmer Co. from 1884 to 1929, Deisel-Wemmer-Gilbert Corporation from 1929 to 1946, DWG Cigar Corporation from 1946 to 1966, DWG Corporation from 1966 to 1993, Triarc Companies, Inc. from 1993 to 2008, and Wendy's/Arby's Group, Inc. from 2008 to 2011.
The company's principal subsidiary, Wendy's International, is the franchisor of Wendy's restaurants. The company is also a franchisor of T.J. Cinnamons and the Pasta Connection, owns 243 T.J. Cinnamons outlets and 6 Pasta Connection outlets and is a minority owner (18.5%) of the Arby's fast food roast beef sandwich chain.
The Wendy's Company traces its history back to several predecessors, the oldest of which (Deisel-Wemmer Co., a cigar manufacturer and importer based in Ohio) was founded in 1884. By January 23, 1929, Deisel-Wemmer incorporated as Deisel-Wemmer-Gilbert Corporation (DWG) when acquired by an investment group. DWG was a small outfit and just to keep up market share purchased other small cigar companies like Odin cigars in 1930 and the Bernard Schwartz Cigar Corporation in 1939. The Company on May 15, 1946, changed its name to a simple name, DWG Cigar Corporation. Another series of acquisitions started in 1948 with the Nathan Elson Company following with A. Sensenbrenner & Sons in 1955 and in 1956 Chicago Motor Club Cigar and Reading, Pennsylvania-based Yocum Brothers. With the weakening of the cigar market due to medical advisories, many smokers switch to cigarettes, which were then believe to be safer. DWG then steamlined cigar operations and began looking for other businesses that might suite DWG's wholesale and distribution strength. The delisted DWG in 1965 after an attempt at purchasing Allegheny Pepsi bottling company failed. DWG, thus free from NYSE reporting requirements, sold their remaining cigar operations or closed them in 1966. Renamed as DWG Corporation, DWG used its cash from the cigar operation sale to purchase a 12% share of the National Propane Corporation. Security Management Company, headed by Victor Posner, a major investor in DWG saw potential with the company as it was bold to sell its main operation. Posner saw it as a good takeover vehicle and became the controlling interest of DWG.
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Wikipedia