SuccessDigest

Friendly’s Restaurant Owner Files for Bankruptcy Amid Pandemic

The operator of the iconic Friendly’s restaurant chain has filed for chapter 11 bankruptcy, saying the 85-year-old business could fetch less than $2 million as the coronavirus pandemic wreaks havoc on in-person dining nationwide.

The chain known for ice cream and hamburgers sought protection on Sunday in the U.S. Bankruptcy Court in Wilmington, Del., the second chapter 11 filing for Friendly’s since its purchase by private-equity firm Sun Capital Partners in 2007.

Friendly’s…

This post first appeared on wsj.com



Do You Enjoy This Article?
Sign up for our newsletter and receive FREE access to download SuccessDigest Digital Weekly Edition for attainment of your financial freedom in the new digital economy!

Invalid email address
We promise not to spam you. You can unsubscribe at any time.
Thanks for subscribing!
Exit mobile version