Inquirer.net's business scribe Doris C. Dumlao reports in"New investors to beef up Wendy's capital" that "the Pardo family, which operates the Wendy’s hamburger chain in the Philippines, is finalizing a deal that will allow it to take on a new strategic partner to boost its restaurant business and take advantage of rising income levels in the country." The report pointed out that Wendy's, which has been in the country for 28 years, currently has 31 branches nationwide.
Dumlao further wrote: "Wenphil Corp. is now set to wrap up talks with the group of Michael Kho, former Duty Free Philippines general manager, for a capital build-up program." Hopefully, according to the report, if the negotiations push through, Wendy's may be adding 44 more branches.
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