In restaurant and fast food industry, its often complicated to find the real owners of a company. The same case is with Wendy’s, the fast food chain has its origins from 1884 in Ohio.
Till now, it has changed hands many times. The present Wendy’s Company was formed in 1992. But who owns Wendy’s?
Wendy’s is not owned by another company, it is owned by its shareholders. Since, the shareholders are the owners of the company, those with more shares own more of Wendy’s.
Top Shareholders in The Wendy’s Company
Wendy’s is majority owned by billionaire investors Nelson Peltz and Peter May. They aquired the company in 1992 through Trian Group. Each of them hold almost 19% shares in the fast food chain.
Nelson Peltz is an american billionaire investor and founding partner at Trian Fund Management, the same company which aquired Wendy’s in 1992. He also sits on boards of various companies and is an former director of Mondelez International. Nelson Peltz owns majority 19% of Wendy’s and his networth is estimated to be $1.7 billion.
Peter May is another founding partner at the same company, Trian Fund Management and he also owns 19% of the company. He has one son and currently lives in Bridgewater, Connecticut.
Some more facts about Wendy’s
- As of 2020, Wendy’s generated $1.5 billion in sales.
- Todd A. Penegor is the CEO of Wendy’s and Nelson Peltz serves as company’s chairman.
- Wendy’s was founded in 1884 and is currently headquartered in Dublin, Ohio.
- There are total 6,711 Wendy’s restaurants worldwide.