Triarc Signs Franchise Deals For 35 New Arby's

(Friday, June 20, 2008) - Triarc Companies Inc., the parent of Arby's Restaurant Group, said Friday it has signed deals for franchisees to open 35 Arby's throughout the United States.

The company has commitments with five new and eight existing franchisees to develop new restaurants in California, Kansas, Kentucky, Louisiana, Maryland, Michigan, Missouri, Oklahoma, Pennsylvania, Tennessee, Texas, Virginia, and West Virginia.

The agreements include Jeff Davis, chief executive of United States Beef Corp., Arby's largest franchisee with 252 restaurants. He agreed to open 11 more Arby's in Kansas, Missouri and Oklahoma.

Dennis Wells, operator of 24 Arby's, has agreed to open four more in Texas, while Joe Don Pulliam, who operates 15 restaurants, agreed to open three more in Louisiana.

The company operates 3,700 restaurants worldwide, and is owner and operator of more than 1,100 of those restaurants in the U.S.

Shares of Triarc fell 6 cents to $7.07 in afternoon trading.

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