Wendy's Expands Internationally With $16 Foie Gras Burger In Japan
The fast food retailer returns to Japan by launching a $16 uber-indulgent burger, potentially creating a niche for a 'luxury fast food' segment on its global menu.
Wendy's is beginning to execute on its plans to target international expansion and growth by re-entering Japan with an estimated $200 million investment — and the launch of a $16 foie gras and truffle burger. The burger will be served at Wendy's in Omotesando, Tokyo's luxury shopping district, and will be the first of a targeted 100 shops.
The launch is notable for what it indicates of Wendy's business plans — seeking international growth and expansion to mitigate losses across 6 of its last 8 quarters — and to expand beyond its dependence on a mature US fast food market (the US account for 92% of Wendy's business).