Friendly’s Files for Bankruptcy

Friendly’s, the 76-year-old hamburger and ice cream casual food restaurant chain, filed for bankruptcy protection under Chapter 11 of the U.S. bankruptcy code on Wednesday.
Friendly’s Files for Bankruptcy
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<a><img src="https://www.theepochtimes.com/assets/uploads/2015/09/128057999_Friendlys.jpg" alt="A Friendly's Ice Cream restaurant is seen on the day the company filed for bankruptcy in Delray Beach, Fla. on Oct. 5. Restaurants have struggled in recent months to keep revenues growing, as high unemployment rate and lack of consumer confidence in the U.S. economy have suppressed the growth of eating out. (Joe Raedle/Getty Images)" title="A Friendly's Ice Cream restaurant is seen on the day the company filed for bankruptcy in Delray Beach, Fla. on Oct. 5. Restaurants have struggled in recent months to keep revenues growing, as high unemployment rate and lack of consumer confidence in the U.S. economy have suppressed the growth of eating out. (Joe Raedle/Getty Images)" width="575" class="size-medium wp-image-1796832"/></a>
A Friendly's Ice Cream restaurant is seen on the day the company filed for bankruptcy in Delray Beach, Fla. on Oct. 5. Restaurants have struggled in recent months to keep revenues growing, as high unemployment rate and lack of consumer confidence in the U.S. economy have suppressed the growth of eating out. (Joe Raedle/Getty Images)
Frank Yu
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