Longreach swallows up Wendy’s Japan

The timing of the deal appears fortuitous after Japan's government said it would delay a sales tax and competitor McDonald's Japan flounders in the wake of food-safety scandals.

North-Asia buyout firm The Longreach Group said on Wednesday it had agreed to buy Wendy’s Japan, the same day that Japan delayed a sales tax hike which would have weighed on consumer spening in the world's third-largest economy. 

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