The Longreach Group Inc. (‘Longreach’) has agreed to acquire a majority stake of Wendy’s Japan L.L.C. (‘Wendy’s Japan’), a hamburger chain store, at an undisclosed amount. The capital from Longreach will be used for Wendy’s Japan to take over First Kitchen Co., Ltd. (‘First Kitchen’), Japan’s leading hamburger and pasta fast food chain store.
Wendy’s Japan and First Kitchen has opened two “Wendy’s First Kitchen Stores” in Tokyo last year and has been well-received by the public. The capital from Longreach will help to further expand this collaborative effort between Wendy’s Japan and First Kitchen.