Western Asset (WDI) news

Jollibee Foods Corporation - Tim Ho Wan plans to expand to quadruple its business by expanding to 20 in US stores by 2028

Jollibee Foods Corporation has announced plans to significantly expand its Tim Ho Wan brand in the United States, with a goal of opening 20 locations across North America by 2028. This marks a quadrupling of the brand’s current footprint in the region, which includes recently opened…

Jollibee Foods Corporation - WDI will pay Tim Ho Wan aggregate consideration of JPY 166.1 mln for Japan realignment

Jollibee Foods Corporation (PSE: JFC) has announced a strategic realignment of its partnership with WDI Corporation, a publicly listed restaurant company based in Tokyo, Japan. As part of the agreement, WDI will pay Tim Ho Wan, a wholly owned brand under the Jollibee Group, aggregate consideration…

Jollibee Foods Corporation - Tim Ho Wan to buy WDI's 30% stake in the North America master franchise JV

Fitch affirms PFD shares of Western Asset Municipal closed-end funds

Fitch Ratings has affirmed the preferred shares of Western Asset Municipal closed-end funds, reflecting its ongoing evaluation of the instruments' credit quality and alignment with the funds' investment strategies. The affirmation indicates that Fitch does not anticipate a downgrade at this time,…

Ken Leech to plead guilty in US ‘cherry picking’ fraud case

Ken Leech, the former co-chief investment officer (CIO) of Western Asset Management Company (WAMCO), has pleaded guilty to charges related to a multi-year “cherry-picking” fraud scheme that defrauded investors of over $600 million in losses. The charges were unsealed in November 2024 by the U.S.…