Friday, Jul 29, 2016
One of America's Great Newspapers ~ Toledo, Ohio

Business

Friendly’s parent firm files for bankruptcy

NEW YORK — The parent of the Friendly’s restaurant chain filed for Chapter 11 bankruptcy protection yesterday and said it already has closed 63 stores.

Each store employed about 20 people, so about 1,260 jobs were lost. Not immediately affected was the local restaurant on South Reynolds Road near DusselDrive in Maumee.

Friendly Ice Cream Corp., a 76-year-old company based in Wilbraham, Mass., said the economic downturn coupled with higher costs and high rents drove it to file for bankruptcy protection.

Click to comment

Quis autem vel eum iure reprehenderit qui in ea voluptate velit esse quam nihil molestiae consequatur, vel illum qui dolorem?

Temporibus autem quibusdam et aut officiis debitis aut rerum necessitatibus saepe eveniet.

Copyright © 2015 Toledo Blade

To Top

Fetching stories…