Wendy's moves forward with plans to sell hundreds of units

Wendy's has sealed a deal to sell 30 corporate restaurants in the St. Louis market to a franchise group led by former NBA player Junior Bridgeman and player Chauncey Billups. The sale is part of Wendy's larger strategy to cut overhead by selling about 425 units to franchisees, which will reduce the company's ownership from 22% to 15%.

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