Latest News from WENDY'S

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Meritage Gets Court Approval to Close Up to 60 More Wendy’s

A federal bankruptcy judge has cleared Meritage Hospitality Group to close up to 60 more Wendy's franchise restaurants by November 13. The ruling comes in the same week that Flynn Group, which operates more than 340 Wendy's of its own, joined Trian in a $1.4 billion proposal to take the…

30 Oct 2026Franchise Networks

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Wendy’s Receives $7.35-Per-Share Take-Private Bid From Trian Fund Management and Flynn Group

A consortium including Trian Fund Management, the Flynn Group, and two unnamed private equity firms submitted a non-binding offer on October 28, 2026, to acquire franchise brand Wendy's at $7.35 per share. The proposal carries an approximately 20% premium over the previous day's closing price, and Wendy's shares surged more…

29 Oct 2026Franchise Networks

Wendy’s Files $146.9 Million Claim Against Meritage as Closures Accelerate

Wendy's International has filed a claim totaling $146.9 million against bankrupt franchisee Meritage Hospitality Group, as 10 of Meritage's restaurants have permanently closed since the September 17 Chapter 11 filing. At the heart of the dispute is a franchise termination notice that Wendy's sent on September 16, the day before…

6 Oct 2026Franchise Networks

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Wendy’s Cuts Dividend to $0.28 and Its Largest Franchisee Files Chapter 11

Wendy's cut its annualized dividend to $0.28 per share when it reported Q2 2026 results in August, citing deep pressure across its franchise system. Six weeks later, the Chapter 11 bankruptcy of Meritage Hospitality Group, its largest franchisee with 314 restaurants across 15 states and nearly $25 million in deferred…

28 Sep 2026Franchise Networks

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Meritage Hospitality Files Chapter 11: What It Means for the Wendy’s Franchise System

Meritage Hospitality Group, one of the largest Wendy's franchisees in the United States with 314 restaurants, filed for voluntary Chapter 11 bankruptcy protection on September 17. As part of an ongoing restructuring, the company has closed 60 underperforming locations and exited or altered breakfast service at approximately 120 others, citing…

21 Sep 2026Franchise Networks