OpenAI Restricts Astra AI Over Cyberattack Risks 
Asian Stocks Slip as AI Rally Fades, Oil Holds Steady on Iran Peace Deal Hopes 
Mercedes-Benz Stock Offers Deep-Value Potential as Citi Sees Recovery Catalysts 
SoftBank Q1 Profit Beats Forecast as Intel Rally and OpenAI Investments Boost Returns 
Nvidia Seen Beating Q2 Targets as Vera Rubin Cycle Begins 
DoorDash Q2 Revenue Jumps 36% as Orders and DashPass Growth Drive Results 
China Exports Beat July Forecasts as AI Demand Fuels High-Tech Trade 
Oil Prices Surge as Iran Hormuz Restrictions Renew Supply Fears 
Western Digital Q4 Earnings Beat Estimates as FY2027 Outlook Tops Expectations 
Philippine GDP Growth Slows to 2.3% in Q2 
Alphabet Stock Slides as Google AI Pioneer Jeff Dean Exits to Launch Discovery Loop 
Siemens Energy Q3 Profit Beats Forecast as AI-Driven Power Demand Fuels Growth 
Alibaba Plans Revenue-Sharing Model for Qwen3.8-Max AI Commercial Users 
Asian Stocks Slide as Semiconductor Selloff Weighs on South Korea and Japan 
Nintendo Shares Jump as Switch 2 Sales Boost Earnings 
Airbnb Stock Jumps After Q2 Earnings Beat, Strong 2026 Outlook 
US Yen Intervention Unlikely to Deliver Lasting Recovery, Yardeni Says 
Wendy’s announced this week that it is planning to set up at least 700 ghost kitchens in the United States, the U.K., and Canada by 2025. The fast-food chain revealed that it will be carrying out this project in partnership with Reef Technology, a start-up company.
According to CNBC, Wendy’s decided to put up ghost kitchens to address the customers’ demand. The kitchens will fulfill delivery orders of Wendy’s meals that are placed via DoorDash or other third-party delivery services.
Reef Technology stated that its services help restaurants save on costs since there is less labor requirement and there is no need to provide parking lots too. It was mentioned that Wendy’s and Reef already partnered in the past and created eight ghost kitchens in Canada.
Apparently, the project yielded good results, so the plan to put up more ghost kitchens was developed. For this year alone, the burger joint is planning to open at least 50 ghost kitchens.
In any case, it was said that Wendy’s has lower expected sales for the ghost kitchen locations, but despite this, it is still looking forward to a solid ROI or return on its investment. The ghost kitchens will also allow the fast food to expand its reach in urban locations. Based on the deal, Reef will be handling the buying of kitchens and hiring of employees.
"The demand for convenient delivery solutions means we must look for opportunities beyond our traditional restaurant formats, especially in dense urban areas," Wendy’s president, International, and Chief Development Office, Abigail Pringle, said in a press release via Yahoo Finance. "This partnership with REEF is testimony to our ambitions, the potential we see to grow our beloved brand, and our quest to reach more customers in more ways."
Michael Beacham, president of REEF Kitchens, also said that they are proud to be working with Wendy's. "Wendy's is an incredible brand and we look forward to being a part of their continued success in the future," he said.
Meanwhile, Wendy’s plans to put up hundreds of ghost kitchens have a $100 million development fund, as per Restaurant Business Online. The project is part of the company’s ambitious global development plan.
