Arby's Looks Beyond Buffalo Wild Wings for Future Acquisitions
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).
Spirit Halloween CEO, Steve Silverstein, stops by Cheddar to talk SNL, this year's top costume ideas and why you should watch out for Spirit Christmas. Watch!
Brooks Running SVP of Footwear, Carson Caprara, introduces the new Glycerin Max and explains how leaning into innovation helps build customer brand loyalty
Ayako Yoshioka, Senior Portfolio Manager at Wealth Enhancement Group, discusses how data is indicating how the economy will fare in the fourth quarter of 2024.
