Ten Wendy's Stores Face Closure After Judge Denies Emergency Hearing
A judge denied Wendy's emergency bid to save seven restaurants. Bankrupt franchisee Meritage refused a loss-covered swap offer without explanation, per court filings.
Topic
Meritage Hospitality
Topic
Meritage Hospitality
Meritage, Major Wendy's Franchisee, Files Chapter 11
Meritage Hospitality, which runs 314 Wendy's restaurants in 15 states, filed for Chapter 11 after store-level EBITDA fell 48% in…
Wendy's Moves to Seize 314 Restaurants From Bankrupt Franchisee
Wendy's says Meritage owes $27.4 million in royalties and lost its right to operate 314 restaurants, setting up a bankruptcy figh…