-
Arby's chain to be sold
Dublin, Ohio -- Wendy's/Arby's Group said Thursday it plans to sell off its struggling Arby's quick-serve chain to focus on the Wendy's hamburger business.
The two fast-food chains were combined when Triarc Cos., Arby's parent, bought Wendy's for $2.2 billion in 2008 to create the third-largest publicly held fast-food chain.
Arby's generated about 30% of the company's sales in its third quarter.
At least one analyst feels the sale could bring in $400 million to $600 million. -
Save-A-Lot breaks ground on new DC
Lexington, N.C. -- Grocery retailer Save-A-Lot announced Thursday it will break ground on a new 325,000-sq.-ft. food distribution center in Lexington, N.C.
The center is expected to open by December 2011. It is the result of collaboration with the state of North Carolina and its One North Carolina Fund, the North Carolina Department of Commerce, Davidson County and the City of Lexington.