REAL ESTATE

Wendy’s sells 70 restaurants in Dallas area

BY Marianne Wilson

Dublin, Ohio — The Wendy’s Company announced the sale of 70 restaurants in the Dallas-Ft. Worth metroplex to Texas-based MUY Hamburger Partners, a Wendy’s franchisee. The transaction is designed to promote new restaurant growth and reimaging, while generating a more predictable revenue stream for the company.

Wendy’s is geographically concentrating its restaurant ownership through the sale of about 415 company-operated restaurants in 13 U.S. markets, primarily in the West. The company has completed the market-by-market sale of 314 restaurants so far, and now expects to complete all of the sales by the end of the first quarter 2014.

With the purchase of the Dallas-Ft. Worth restaurants, MUY Hamburger Partners, will now operate a total of 87 Wendy’s restaurants in Texas. The purchase agreement includes a commitment to reimage selected restaurants in Wendy’s contemporary new store design, as well as development plans for new restaurants.

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OPERATIONS

Wine.com hires execs from Shutterly, Williams-Sonoma

BY Staff Writer

San Francisco — Wine.com, announced the addition of Peter Elarde as chief marketing officer and Greg Tatem as VP, engineering to the Wine.com executive team.

"We’re on a roll. Wine.com is profitable, growing, hiring and innovating," said Rich Bergsund, CEO. "Peter and Greg are bringing new energy and talent to our management team, and will be instrumental as we continue building Wine.com into a great company, great brand, and an exciting place to work."

Elarde most recently spent 10 years at Shutterfly in senior positions including chief marketing officer and head of product and user experience.

Tatem most recently spent three years at Williams-Sonoma, where he oversaw the e-commerce platform that served the company’s five brands.

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News

Report: Kickstarter.com user data breached

BY Dan Berthiaume

New York – Social fundraising platform Kickstarter.com suffered a data breach that exposed personal data of some users to hackers. On a corporate blog post, Kickstarter CEO Yancey Strickler said that on Wednesday, Feb. 12, law enforcement notified the company that hackers had sought and gained unauthorized access to some of its customers’ data.

Upon learning this, Kickstarter immediately closed the security breach and began strengthening security measures throughout the Kickstarter system. According to Strickler’s blog post, no credit card was accessed, although usernames, email addresses, mailing addresses, phone numbers, and encrypted passwords were breached. While no actual passwords were revealed, it is possible for hackers to guess and crack an encrypted password.

Kickstarter said there is only evidence of unauthorized activity of any kind on two Kickstarter user accounts. The company has reached out to those two users and secured their accounts, but advises customers to change their Kickstarter passwords and any other accounts where they have used those passwords.

“We set a very high bar for how we serve our community, and this incident is frustrating and upsetting,” Strickler said in his post. “We have since improved our security procedures and systems in numerous ways, and we will continue to do so in the weeks and months to come. We are working closely with law enforcement, and we are doing everything in our power to prevent this from happening again.”

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