Make way for the McWrap

McDonald’s said it plans to cut its apple walnut salad and Chicken Selects in an effort to adjust its menu for new products this spring and summer.

One new item will be the McWrap sandwich with lettuce, tomato, cucumber, grilled or fried chicken, and a choice of sauce. The burger giant also has been testing chicken wings.

Bread brands sold

Wonder and four other Hostess bread brands, as expected, have been sold to Flowers Foods for $360 million.

It was reported Wednesday that Flowers was the only bidder for those brands.

The remaining Hostess bread brand, Beefsteak, went to Grupo Bimbo for $31.9 million, which topped Flowers’ $30 million bid.

Hostess, formerly Interstate Bakeries, is liquidating after failing to reach an agreement with striking bakers.

Groupon boots CEO

Groupon removed Andrew Mason as chief executive officer and said Eric Lefkofsky and Ted Leonsis will oversee the company while it searches for a replacement.

Pressure had been mounting on the company to seek a new CEO as Mason struggled to cope with a drop in demand for daily coupons, which make up most of its revenue.

Groupon stock closed down 24 percent Thursday after the company on Wednesday forecast sales that missed estimates. The stock did bounce back a bit in after-hours trading on the CEO news.