Flynn Group LP recently made a significant acquisition, expanding their portfolio to include Wendy’s restaurants in New Zealand. With over 20 locations acquired from Wendco (NZ) Limited, Flynn Group aims to leverage this acquisition to further their growth plans in Australia. This move marks an important step in Flynn Group’s international expansion strategy, which includes developing 200 restaurants in Australia over the next decade, with the first set to open this fall.
Flynn Group, already the sole franchisee of Wendy’s in Australia, sees this acquisition as a strategic opportunity to strengthen their presence in the region. Chairman and CEO, Greg Flynn, highlighted the company’s plans to continue growing in the U.S., as well as exploring opportunities in non-restaurant franchises like Planet Fitness gyms. With a strong track record of success in the industry, Flynn Group operates a diverse portfolio of restaurant brands, including Applebee’s, Arby’s, Taco Bell, Panera Bread, and Pizza Hut, in addition to Wendy’s.
The acquisition of Wendy’s in New Zealand expands Flynn Group’s international footprint, with operations now spanning two countries outside the U.S. Phil Reed, named president of Flynn ANZ, will lead the Wendy’s operations in both Australia and New Zealand. Reed, who previously served as CEO of Pizza Hut Australia, expressed excitement about the company’s expansion and their commitment to building on the success of Wendy’s in New Zealand.
Looking ahead, Flynn Group is optimistic about the opportunities for growth and expansion in the region. Ron Bellamy, Chief Operating Officer, emphasized the company’s dedication to maintaining and enhancing the strong partnership with the Wendy’s brand. With a focus on leveraging their scale and capabilities, Flynn Group envisions doubling the number of Wendy’s restaurants in New Zealand and reinforcing their presence in the market.
This acquisition not only marks a significant milestone for Flynn Group but also positions them for future success in the international market. With a strategic vision and a talented team in place, Flynn Group is well-positioned to capitalize on the growing demand for quality restaurant experiences in Australia and New Zealand. Stay tuned for more exciting developments as Flynn Group continues to expand its global footprint and drive innovation in the industry.
Source link
