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
