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.
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Wendy S
Topic
Wendy S
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…