Wendy’s Leaves Russia After Change in Franchisee’s Management
This article is for subscribers only.
Wendy’s Co., the third-biggest U.S. fast-food hamburger chain, is leaving the Russian market after three years, after a change in the local franchisee’s management.
The country’s eight Wendy’s outlets are being shut down, Bob Bertini, a spokesman for Dublin, Ohio-based Wendy’s said by e-mail. Wenrus Restaurant Group, a former unit of Moscow-based Food Service Capital, agreed in 2010 to open 180 restaurants under the format across Russia within a decade. There was a change in Wenrus’s ownership and management in the past year, and the decision to leave the country had nothing to do with politics, Bertini said.