Activist: Buffalo Wild Wings should refranchise

Activist: Buffalo Wild Wings should refranchise

Marcato Capital Management also says the operator should shift focus away from growth brands

Buffalo Wild Wings Inc. should sell most of its company-owned units to franchisees and cease development of two emerging growth brands — R Taco and PizzaRev — according to an activist investor pushing for changes at the Minneapolis-based company.

Marcato Capital Management, which owns 5.2 percent of Buffalo Wild Wings stock, released a lengthy presentation on its ideas for Buffalo Wild Wings, along with a scathing, four-page letter that called for “the introduction

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