Arby’s finalized its purchase of Buffalo Wild Wings in a deal worth $2.9 billion dollars this week, and the newly renamed Inspire Brands is already weighing other potential acquisitions to expand its reach. “We believe there’s an opportunity to create a portfolio of brands that span all types of restaurant occasions,” CEO Paul Brown told Cheddar. The Arby’s/Buffalo Wild Wings deal showcases Inspire Brands’ strategy of bringing fast-casual chains and fast-food chains under one roof. One thing Brown is looking for: a well-established brand with a dedicated following. “We like brands that have distinct places in the marketplace,” he said, noting that both Arby’s and Buffalo Wild Wings fulfill a unique space in the restaurant industry. Brown became CEO of Arby’s in 2013, overseeing a big transformation within the company. The company reported record sales in 2016 under Brown’s leadership. Investors hope he can have the same effect on Buffalo Wild Wings, which has faced a slowdown in recent years. For full interview, [click here](https://cheddar.com/videos/ceo-of-inspire-brands-on-arbys-acquisition-of-buffalo-wild-wings).

Share:
More In Business
Klarna shares jump 30% on Wall Street debut
Swedish buy now, pay later company Klarna is making its highly anticipated public debut on the New York Stock Exchange Wednesday, the latest in a run of high-profile initial public offerings this year. The offering priced at $40 Tuesday, above the forecasted range of $35 to $37 a share, valuing the company at more than $15 billion. The valuation easily makes Klarna one of the biggest IPOs so far in 2025, which has been one of the busier years for companies going public. Other popular IPOs so far this year include the design software company Figma and Circle Internet Group, which issues the USDC stablecoin..
Musk loses crown as world’s richest to software giant Larry Ellison
Oracle co-founder Larry Ellison wrested the title of the world’s richest man from longtime holder Elon Musk early Wednesday as stock in his software giant rocketed more than a third in a stunning few minutes of trading. That is according to wealth tracker Bloomberg. A college dropout, the 81-year-old Ellison is now worth $393 billion, Bloomberg says, several billion more than Musk, who had been the world’s richest for four years. The switch in the ranking came after a blockbuster earnings report from Oracle. Forbes still has Musk as the richest, however, valuing his private businesses much higher.
Load More