Major Wendy’s Franchisee Files Chapter 11, 314 Restaurants in Limbo
A major Wendy’s operator filed for Chapter 11 one day after Wendy’s moved to terminate its franchise agreements, putting 314 restaurants across 15 states at risk.
A major Wendy’s operator has filed for Chapter 11 bankruptcy, pointing to increased operating costs, soaring beef prices and declining sales as drivers behind the decision.