Thursday, July 19, 2018

Report: Schnatter discussed merging Papa John's, Wendy's before resigning

Louisville Courier Journal
Papa John’s founder John Schnatter recently held talks about merging the pizza giant with Wendy’s, but the discussions cooled after reports that Schnatter had used a racial slur, the Wall Street Journal reported Wednesday, quoting unidentified people familiar with the matter.

Papa John's spokesman Peter Collins did not immediately respond to a Courier Journal request for comment on the reported merger talks, which the Wall Street Journal described as preliminary and said began before Schnatter stepped down as chairman of the company he founded. Columbus, Ohio-based Wendy’s also did not immediately respond to an email.. . . more