Wendy's/Arby's signs Singapore deal

Atlanta-based Wendy's/Arby's Group announced Tuesday a development agreement with Kopitiam Investment Pte Ltd. to build and operate Wendy's restaurants in Singapore.

Kopitiam is scheduled to open the first restaurant in late 2009 and plans to build more than 35 Wendy's throughout Singapore during the next 10 years.

Kopitiam is the largest food service management operator in Singapore and operates under its Kopitiam, The Dessert Shop, Banquet, Kopi and Bao Luo Wan Xiang brands. The company also manages Lau Pa Sat Festival Market, an iconic tourist destination that is a Singapore National Monument.