Wendy’s puts up ‘for sale’ sign as costs rise
Published: May. 28, 2022 at 1:33 PM MST
(CNN) - Wendy’s may be up for sale.
On Tuesday, the restaurant’s management fund, Trian Partners, filed with the Securities and Exchange Commission.
According to the filing, the investment company wants to explore the possible sale or merger of the burger chain.
Trian is Wendy’s largest shareholder.
Wendy’s has been hit hard by higher commodity and labor costs and reported that its margins have slimmed as a result.
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