Operator of 314 Wendy’s locations in the U.S. files for bankruptcy protection
A major operator of hundreds of Wendy's restaurants in the United States filed for bankruptcy protection after Wendy's moved to terminate its franchise agreement. Wendy's says the operator owes it approximately $146.9 million, including over $25 million in overdue royalties and fees. The operator filed for bankruptcy a day after Wendy's initiated the termination process.
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The story so far
2 developments- Sep 18Wendy's franchisee with hundreds of locations across 15 states files for bankruptcy
- Sep 22Wendy’s Faces Major Closures After Big Franchisee Bankruptcy
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Quiet for 7 daysLast development · Sep 22 — Wendy’s Faces Major Closures After Big Franchisee Bankruptcy
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6 viewpointsLarge Wendy’s Franchisee Files for Bankruptcy, Cites Record Beef Prices
Operator of 314 US Wendy's locations files for bankruptcy protection
A major Wendy's franchisee blamed the brand's failed marketing for its bankruptcy
Center
7 viewpointsWendy’s Tried to Terminate a Franchisee’s Right to Operate 314 Restaurants. It Filed for Bankruptcy a Day Later
Wendy's franchisee with hundreds of locations in NC, 14 other states files for bankruptcy
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3 viewpointsOperator of 314 Wendy’s locations in the U.S. files for bankruptcy protection
Operator of 314 US Wendy’s locations files for bankruptcy protection