Restaurant chain and ice cream retailer Friendly’s, an iconic fixture on the East Coast, has filed for bankruptcy protection, citing “the catastrophic impact of COVID-19” on its business.
FIC Restaurants Inc., the company that operates Friendly’s, said in a news release that it has filed voluntary petitions for relief under chapter 11 bankruptcy protection in Delaware on Sunday. The move aims to facilitate the sale of Friendly’s to Amici Partners Group, LLC, an entity comprised of experienced restaurant investors and operators.
