Wendy's Completes the Sale of Baja Fresh

Date: NOV 28th, 2006

Topic: Franchise News

Wendy's (NYSE:WEN) announced the completion of its previously announced sale of Baja Fresh Mexican Grill today. The chain operates about 300 restaurant locations in the United States and sold for approximately $31 million.

The Baja Fresh purchaser is a West Coast restaurant company owned by a consortium of investment groups led by David Kim. Mr. Kim and his team own or operate several restaurant outfits, including Sweet Factory, Cinnabon and Denny's.