January 19, 2023
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This week on Nation's Restaurant News the top story was NRN editors discuss John Cywinski’s new job, In-N-Out’s move to the east coast and the ICR Conference.
In other news, with Subway reportedly retaining advisers for a potential sale of the sandwich brand, an estimated value of more than $10 billion and a tightening interest rate market made conditions less than ideal for shopping around a major restaurant concept.
A year ago, John Chidsey, CEO of the Milford, Conn.-based Subway, said the company was dedicated to sales and not numbers of units. “We just want to focus on quality in the footprint in the U.S. as opposed to quantity,” Chidsey said in an interview with Nation’s Restaurant News.
Also, the Wendy’s Co. has launched a reorganization that will focus more on the burger brand as a global company, executives said last week.
“We intend to embark on a broader redesign of our organizational structure as we see an opportunity to operate as a fully global brand with a unified voice approach and operating model,” said Todd Penegor, CEO and president of the Dublin, Ohio-based company, on a call with analysts.
See what else was trending on NRN.com this week.
