More often than not, a restaurant entity auctioned by the bankruptcy courts ends up changing hands, but that’s not what is expected to happen when the assets of Friendly Ice Cream Corp., parent of 424-unit Friendly’s, hit the block in December.
The 76-year-old family-dining brand, which filed for Chapter 11 bankruptcy protection Oct. 5, is scheduled to be auctioned Dec. 22, and its new owner — in a twist related to bankruptcy code and Friendly’s ownership hist
All access premium subscription
Why Upgrade your account?
NRN is your one-stop source for foodservice news and business intelligence. Upgrade today and get unlimited online access to all breaking news, in-depth analysis, data and tools. This includes digital versions of NRN flagship reports (Consumer Picks, Top 200) as well as Same Store Sales Data Tables, Quarterly Industry Snapshots and more.
Questions about your account or how to access content?
Contact: Desiree Torres [email protected]
Already a member? Please log in.