Friendly’s Becomes Latest Legacy Chain to Downgrade, Cutting 23 Locations
“While this was a tough decision, we are confident it will best position the brand for a bright future,” the brand’s interim CEO wrote to franchisees.
MORE STORIES LIKE THIS
Hooters Leans Into Franchising With Closure of 30 Company-Owned Stores
Small Business Optimism Dips, Raising Concerns for Franchise Owners
Wendy’s CEO Kirk Tanner Steps Down Amid Challenges, Leaving Franchisees Facing Uncertainty
Rising Jobless Claims Could Signal Challenges — and Opportunities — for Franchising