Meritage Hospitality Group files Chapter 11 bankruptcy over Wendy's struggles
The company cited $651 million in liabilities, 60 closed stores and a 48% drop in store-level earnings as it seeks to keep restaurants open.
7 Articles
7 Articles
Meritage Hospitality Group, which is the mainstay of Wendy's in State Unite, a cerut protection Chapter 11, procedure American care permitting a company to continue its activities in time to restructure finances. Meritage operază in 314 Wendy's restaurants in 15 states are approximately 9,000 in size.
The operator of 314 Wendy's stores in the US, Meritage Hospitality, filed for Chapter 11 to restructure its debt amid sales pressure.
More Wendy’s drop popular menu after partner’s Chapter 11
When you operate a business, it costs you money to not be open. You still pay rent and utilities even when you’re closed. Because of that, back in my toy store general manager days, I tried very hard to keep the store open profitabliy as much as possible, That didn’t just mean opening the doors…
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