The chief executive of the Friendly’s restaurant chain has announced he is stepping down after 18 months on the job and a month after the company emerged from bankruptcy protection.
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Just like many Americans, the maker of Twinkies, Sno Balls and Wonder Bread is trying to lose the fat.
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While not unexpected, the Chapter 11 bankruptcy filing by American Airlines is a jolt to the aviation industry and airports in New England.
Filene’s Basement has filed for Chapter 11 bankruptcy protection and plans to liquidate their operations.
On the heels of Solyndra’s bankruptcy, a Massachusetts-based alternative energy company is also filing for Chapter 11.
Facing mounting debt, the Friendly’s ice cream chain headquartered in Wilbraham has filed for Chapter 11 bankruptcy protection.
Friendly’s filed for Chapter 11 bankruptcy Wednesday morning and it’s shutting down several restaurants in Massachusetts.
In all, there will be 63 Friendly’s restaurants closed down across the country.