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TGI Fridays Bets on a Travel Center Operator in Las Vegas
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AES Passes Flynn as the Biggest Arby's Franchisee
Buying 23 Knoxville restaurants from Inspire Brands takes AES Restaurant Group to 362 Arby's in 20 states, four more than Flynn Group.
Arby's has a new largest franchisee, and it got there by buying from corporate. AES Restaurant Group bought 23 restaurants in Knoxville, Tennessee, from parent Inspire Brands, Franchise Times reported Nov. 6, bringing it to 362 locations in 20 states. Flynn Group has 358, by the publication's count. Flynn has had bigger things on its plate: it joined the bid to buy Wendy's last month.
CEO John Wade shrugged off Arby's 2.8% system sales decline last year. "What I've learned is when there's one of those speed bumps, I lean in," he said. It's another case of franchisees becoming the buyers.
Jordan Reyes
Editor in Chief
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