Wendy's NZ sold to world's largest franchisee

posted on 21st May 2024

Wendy’s NZ has been bought by American franchise giant Flynn Group for an undisclosed sum. The New Zealand master licence for the American burger chain was put up for sale in 2022 by the Lendich family, who have operated the business here since 1988. The company has over 20 restaurants in New Zealand, all operated directly by the master franchisee.

The USA-based Flynn Group has more than 2,600 units globally with a combined turnover of US$4.5 billion. It has franchises for Applebees, Arby's, Panera Bread, Pizza Hut, Taco Bell, Wendy's and Planet Fitness. Flynn Group first entered the Wendy’s system in 2021 with the acquisition of 190+ restaurants in the USA, and in 2023 acquired Wendy’s master licence for Australia with the goal of building 200 restaurants by 2024.

See more at https://www.franchisetimes.com/franchise_mergers_and_acquisitions/flynn-group-bolsters-international-portfolio-with-wendys-new-zealand-acquisition/article_f550c072-16e8-11ef-b38c-c3255b1441d7.html 

Read more at https://www.nzherald.co.nz/...

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