Pepsi Signs Irving For More "Uncle Drew" Episodes Pepsi, NFL Promoting Heavily Through Digital Lions' Stafford In New Pepsi Promo PepsiCo CEO Backs Goodell Amid Scandals Pepsi Promo Offers Fans Free 49ers Tix Weekend Plans With PepsiCo's Amanda Helm Dew Tour Amateur Event Headed To Europe Coke Leery Of Pepsi Ads Near Daytona Coke Goes Big With World Cup Campaign MLB, PepsiCo Announce Multiyear Extension
SBD/27/Sponsorships Advertising Marketing
SURF'S UP FOR ARBY'S
Published September 27, 1994
Triarc Companies Inc., which owns Royal Crown Cola and Arby's, is spending $525M in cash for Long John Silver's Restaurants Inc. "The deal will create a company with a combined 4,200 restaurants, generating more than $2.5B in annual system- wide sales." Nelson Peltz, Triarc Chair/CEO: "The proposed addition of Long John Silver's nearly 1,450 locations to our existing system of 2,700 Arby's restaurants will propel us overnight to the top tier in the quick-service restaurant industry" (AP/WASHINGTON TIMES, 9/22). DUAL-BRANDING, THE NEXT WAVE: "Triarc will try to turn the acquisition into a venture that would be the most ambitious attempt at fast-food dual branding" -- which is "the retailing of two separate brands from the same restaurant outlet." Don Pierce, head of Triarc's restaurant group: "Multiple branding is the next wave in the restaurant business" (Glenn Collins, N.Y. TIMES, 9/22). OR IS IT? According to this morning's WALL STREET JOURNAL, "not everyone in the restaurant industry is so enamored of the multiple-restaurant approach." PepsiCo has tested several three- in-one and two-in-one restaurant locations across the country, "with less-than-overwhelming results" (Emory Thomas, WALL STREET JOURNAL, 9/22).