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 2025 and Wendy's logged six straight quarters of sales declines.
Topic
Meritage Hospitality
Topic
Meritage Hospitality
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…