Wednesday, October 5, 2011

Friendly's files for Ch. 11 bankruptcy protection - The Denver Post

NEW YORK—The parent of the Friendly's restaurant chain is filing for Chapter 11 bankruptcy protection and says it has already closed 63 of its stores.

The 76-year-old company known for its ice cream and hamburgers says the economic downturn coupled with higher costs and high rents drove it to file for bankruptcy protection.

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