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Tag: Friendly’s Restaurants
Friendly's To Sell All Restaurants, Files For Bankruptcy
The remaining Friendly’s Restaurants may soon be sold as the regional chain, best known for its ice cream, has filed for bankruptcy.
Friendly’s, which got its start in Wilbraham, Massachusetts, filed for Chapter 11 bankruptcy late Sunday, Nov. 1, according to a press release. In the filing, owners blamed, in part, decreased revenue due to COVID-19.
In the filing, Friendly’s listed its liabilities at anywhere between $50 million and $100 million with an estimated $1 million to $10 million in assets.
FIC Restaurants Inc., which owns the Friendly’s brand, is planning to sell its assets …
