September 22, 1994 |
Arby's to Buy Long John Silver's for $525 Million: The owner of Arby's roast beef restaurants said it agreed to pay cash for Long John Silver's Restaurants Inc., the nation's biggest chain specializing in fish and seafood. The deal would create a restaurant company with a combined 4,200 outlets generating more than $2.5 billion in annual sales.
CALIFORNIA | LOCAL
April 12, 1994
The owner of an Arby's Restaurant here has been indicted for allegedly paying an Internal Revenue Service agent $10,000 to erase $100,000 in taxes, penalties and interest. The five-count indictment, announced Monday by federal officials, was filed in Los Angeles against David Chiang, 41, the owner and president of East Hill Management Corp., doing business as Arby's Restaurant.
October 29, 1992 |
Green Burrito Spices Arby's: GB Foods Inc. in Anaheim, which operates the Green Burrito food chain, reports that a combination Green Burrito/Arby's roast beef restaurant in Long Beach is a smashing success. Sales have doubled since August, when Green Burrito Mexican food items were added to the Arby's menu. The results are so encouraging so far that franchisee KFF Management plans to open five more combination Green Burrito/Arby's.
August 7, 1990 |
Horn & Hardart Co. said today it has sold its 22 Arby's fast-food franchises in South Florida to Atlanta-based Arby's Inc. for $5 million. With the sale, Horn & Hardart closed out its restaurant operations in Florida. Horn & Hardart--which made the self-serve automat famous--previously has said it is exiting the restaurant business to concentrate on a mail-order division.
September 6, 1989
Leonard H. Roberts has been fired as president and chief executive of Arby's Inc., a few hours after announcing he had broken ranks with Miami financier Victor Posner over a $200-million buyout offer from a group of the fast-food restaurant chain's franchisees. Roberts, who indicated that he favored the buyout offer that was rejected by Posner, sent a sharply worded letter to Posner on Monday in which he resigned as vice chairman and a director of Posner's DWG Corp.