Long John Silver, A&W, & Arby's for sale, Taco Bell no beef
by James Denison - 1/28/11 5:15 AM
I like all these fast food places. I hope they don't go out of business. Anyone still remember Burger Chef? That was gone some years ago. What other fast food stores can you remember that no longer are around? Of course these are far from gone, but seem on a downward track. I know for the fish place, in my area, they have all their sites in places that have since become run down areas, on roads that are no longer the main ones, they never updated their locations as traffic patterns changed. If I want a Long John Silvers fish platter I have to go out of my way further than I care to, so only grab something from them on the rare occasion I happen to be near it. At Taco Bell I always buy the bean burritos anyway. You can get more of them for cheaper price, more filling, and I just like them better anyway than the others that supposed to have meat in them. Maybe now I know why!
The class-action lawsuit was filed late last week in federal court in California. It claimed Taco Bell falsely advertised its products as "beef." The suit alleges that the fast-food chain actually uses a meat mixture in its burritos and tacos that contains binders and extenders and does not meet requirements set by the U.S. Department of Agriculture to be labeled "beef."
Yum! Brands Inc. (NYSE: YUM - News) plans to sell two of its brands - Long John Silver's and A&W - so that it can focus on expanding the remaining three brands KFC, Pizza Hut and Taco Bell in the U.S, China and other international markets.
Louisville, Kentucky, based company acquired the two chains in 2002 for $320 million. Long John Silver's and A&W account for 1,630 of the company's more than 37,000 restaurants worldwide. All the restaurants under the two brands are owned and operated by franchisees and are mostly located in the U.S.
Wendy's/Arby's Group Inc. (NYSE: WEN - News), the fast food chain is planning to sell its Arby's restaurants, so that it can focus its resources on building the Wendy's brand. In 2008, the company was formed through the merger of Triarc, the franchisor of Arby's restaurant chain, and Wendy's, the owner-operator-franchisor of the eponymous fast food chain.
The third largest quick-service restaurant company in the United States, said that although Arby's is showing signs of stabilization as company-operated same-store sales jumped 3.1% during the fourth quarter of 2010, Arby's has struggled in recent years to reverse falling sales and traffic.