Arby’s Restaurant Group, Inc., a subsidiary of Triarc Companies, Inc. (NYSE: TRY, TRY.B), announced today that it has signed development agreements with new and existing franchisees to open an additional 35 Arby’s® restaurants throughout the U.S.
The commitments, which are with five new and eight existing franchisees, call for the development of Arby’s restaurants in California, Kansas, Kentucky, Louisiana, Maryland, Michigan, Missouri, Oklahoma, Pennsylvania, Tennessee, Texas, Virginia, and West Virginia.
“I am extremely excited about this latest round of signings,” said Tom Garrett, President and COO, Arby’s Restaurant Group, Inc. “This continued momentum falls right in line with our long term expansion goals of reaching more Arby’s enthusiasts from coast to coast.”
Development agreements signed with existing franchisees in the first quarter of 2008 are highlighted here.
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