MANILA, Philippines — Dennis Uy-led Udenna Corporation announced Tuesday its acquisition of Philippine franchise of American fast-food burger giant Wendy’s — the latest addition to the Davao-based businessman’s growing empire. Udenna took over Wendy’s local operations through its subsidiary Eight-8-Ate Holdings Inc.Related Stories Dennis Uy interested to acquire Wendy’sUy now owns 51 Wendy’s restaurants in the country and he plans to open more branches in key cities and provinces. His holding firm Udenna Corp. has a diverse range of companies under its control. Last year, Udenna acquired 70% of Conti’s Holdings Corp., the restaurant chain behind the popular Conti’s brand. In 2017, Uy added an education segment to his business through the acquisition of Enderun Colleges located in Taguig.

Source: Philippine Star November 12, 2019 06:57 UTC