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).
The US Open kicks off in NYC, and USTA Chairman Dr. Brian Hainline discusses tennis’s growth, Djokovic's worries about pickleball, and the sport's future.
Hero Bread's viral low-carb, keto-friendly croissant, backed by celebrity investors like Tom Brady and Kevin Durant, is revolutionizing healthy eating.
Fed Chair Jerome Powell's Jackson Hole speech on Friday is expected to align with market expectations of upcoming rate cuts, likely beginning in September.
The former Microsoft CEO launched "Just the Facts" with USAFacts to provide clear, factual information on key issues, like health, the economy, and immigration.
