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Economy · United StatesBy Jordan Valinsky, CNN New York (CNN) — Wendy’s is set to close hundreds of locations across the United States as part of its turnaround plan. Interim CEO Ken Cook announced Friday that a “mid single-digit percentage” of Wendy’s approximately 6,000 US locations could close, which would amount to around 200 to 350 restaurants. Affected locations are those that are “consistently underperforming” and dragging down the chain’s overall performance, …See the Story
Wendy’s is closing hundreds of restaurants
75% Center coverage: 149 sources
Pizza Hut · United StatesYum Brands on Tuesday announced that it will explore strategic options for Pizza Hut. “The Pizza Hut team has been working hard to address business and category challenges; however, Pizza Hut’s performance indicates the need to take additional action to help the brand realize its full value, which may be better executed outside of Yum! Brands,” Yum CEO Chris Turner said in a statement.See the Story
Yum Brands to review strategic options for Pizza Hut, opening the door to a sale
72% Center coverage: 115 sources
Burger King · ChinaBEIJING: US fast-food chain Burger King will rapidly expand its China operations in coming years, its parent company said, selling its controlling stake to form a new joint venture powered by hundreds of millions of dollars in local investment.International brands have in recent years sought to pivot their stSee the Story
Burger King to enter China joint venture, plans to double stores
57% Center coverage: 21 sources
