3w ago · 2 articles

Minor

Russia seizes Nestlé's local business as Wendy's top franchisee files Chapter 11

Russia handed the local units of NESTLE S A SPONSORED ADR REPSTG REG SH (Switzerland) (NSRGY) and other Western firms to a state-linked manager, a step that has led before to forced sales at steep discounts. Nestlé says it is weighing options. Separately, Wendy's Company (The) Common Stock (WEN) saw its biggest US franchisee file for bankruptcy after six straight quarters of falling store sales.

Touched assets

NESTLE S A SPONSORED ADR REPSTG REG SH (Switzerland)

Wendy's Company (The) Common Stock

Sources

Russia Places Nestlé, Auchan and Other Western Firms' Local Units Under State-Linked Management

The whole story · updated 3w ago

Putin targets Nestle's Russian business as Kremlin tightens grip on Western assets

Russia seizes control over assets of Nestle, French firms

Wendy's Largest Franchisee Files for Chapter 11 as Same-Store Sales Slide for Six Straight Quarters

The whole story · updated 3w ago

Wendy's franchisee files for Chapter 11 bankruptcy protection as burger chain struggles