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Stock impact report

Wendy's to open over 60 new outlets in Mexico [Yahoo! Finance]

Wendy's Company (The) (WEN) 
Last wendy's company (the) earnings: 2/26 07:00 am Check Earnings Report
Company Research Source: Yahoo! Finance
The fast-food chain partnered with AJ Group to roll out 50 outlets in Mexico City and the regions of Mexico, Hidalgo and Morelos. Wendy's said AJ Group's background in property development and restaurant operations is expected to support the brand's push into dense urban areas and other busy locations. The first restaurant under this deal is scheduled to open in Mexico City before the end of the year. AJ Group CFO Galdino Palafox said: “By combining the strength of the Wendy's brand with our local development and operational experience, we will create welcoming restaurants that reflect the energy of Mexico City and surrounding markets.” Wendy's signed the second agreement with WS Pacific to open 12 Wendy's outlets in the northern states of Sinaloa and Durango. According to Wendy's, WS Pacific brings experience in restaurant operations, construction and local market development, which the company expects to draw on as it builds its presence in northern Mexico. The first re Show less Read more
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