CLOs on the Move

"Wendy’s first restaurant opened in Columbus, Ohio in November of 1969. The founder, R. David Thomas, named his new restaurant after his daughter. Mr. Thomas’ philosophy was a simple one: serve a fresh, never frozen, hamburger with the guests’ choice of condiments, in a clean and friendly atmosphere, as quickly and as accurately as possible. That simple but effective philosophy allowed Mr. Thomas’ business to grow into one of the most successful restaurant companies in the world. In 1976, the Davenport family – founders of the Krystal Company, a major fast food chain in the southeastern United States – bought ...

"Wendy’s first restaurant opened in Columbus, Ohio in November of 1969. The founder, R. David Thomas, named his new restaurant after his daughter. Mr. Thomas’ philosophy was a simple one: serve a fresh, never frozen, hamburger with the guests’ choice of condiments, in a clean and friendly atmosphere, as quickly and as accurately as possible. That simple but effective philosophy allowed Mr. Thomas’ business to grow into one of the most successful restaurant companies in the world. In 1976, the Davenport family – founders of the Krystal Company, a major fast food chain in the southeastern United States – bought the franchise rights from Wendy’s for the Metropolitan areas of Baltimore MD, Washington D C. The Davenports named this franchise DavCo. DavCo grew to over 100 restaurants and in 1988, DavCo’s current CEO Harvey Rothstein and former Chairman, CEO and President Ron Kirstien purchased the Baltimore and Washington markets of DavCo in a leveraged buy out. Today, DavCo Restaurants is one of the world’s largest Wendy’s franchisees, with over 150 restaurants in the mid -Atlantic region and with an enviable reputation for progressive and professional management."

More>>

<<Less