#franchise restructuring

1 story

#beef costs #business #chapter 11 bankruptcy #fast food #finance #franchisee #meritage hospitality #same-store sales decline #value pricing #wendy's

Wendy's major franchisee files for bankruptcy
Meritage Hospitality, operating 314 Wendy's locations, seeks Chapter 11 protection as the chain struggles with six quarters of declining sales.
CNBC · 1m