Friendly Ice Cream Corp. files for Ch. 11

Friendly Ice Cream Corp., parent to the Friendly’s family-dining chain, said Wednesday it has filed for Chapter 11 bankruptcy protection, closed 63 of its nearly 500 locations and secured about $70 million in debtor-in-possession financing to begin restructuring.

The company said it will undertake a sale process and that its current owner, private-equity firm Sun Capital Partners, is the lead bidder.

Wilbraham, Mass.-based Friendly Ice Cream said 424 Friendly&rs

Register to view the full article

Register to view this article

Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish