Monday, December 14, 2009

Wendy's to exit Japan, 71 restaurants to close

LOS ANGELES, Dec 11 (Reuters) - Wendy's/Arby's Group Inc (WEN.N) said an agreement with its Japan franchisee will expire at year end, resulting in the closure of 71 Wendy's restaurants in a fast food market dominated by McDonald's Corp (MCD.N).

Wendy's has been in Japan since 1980 and most of its stores are located in and around Tokyo.

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