Arby’s has sold 42 company-owned locations in Seattle and Portland, Ore. to Tony Lutfi, president and chief executive at Marlu Investment Group. As part of the sale of the Northwest U.S. locations, Lutfi has agreed to redesign 17 of the 42 stores and will open five new Arby’s stores during the next several years. The deal was finalized on Nov. 13, but Lutfi declined to release the financial details of the sale. Lutfi, who has been in the restaurant business for 33 years, ...

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