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Friendly's, a family-friendly dining room with a decenary legacy has been bought at bankruptcy. The parent company has sold friendly to the group of Amici's partners, who operates the Red Mango, the Smoothie Factory and several other channels, for an undisclosed amount.

The restaurant chainDeposited for Chapter 11 Bankruptcy Back in November and was immediately erected for sale at the Amici restaurant group in a $ 2 million rumor case, with the buyer assuming the chainDebt of $ 88 million. The sale is an excellent news for the eighty-year-old friendly, which will keep the 130 of its open pitches and preserve thousands of jobs. (In touch:More Saddes restaurant closures in your state.)

"We believe that the filing of voluntary bankruptcy and the planned sale to a new deeply experienced group of restaurants will allow friendly pandemic friendships as a stronger business," said George Michel de George MichelA declaration in November.

According toRestaurant Business, the pandemic was not the beginning of friendly problems. The chain, which once exploited more than 500 locations and pilots, previously filed for bankruptcy in 2011. Nearly 70% of friendly locations had closed over the last decade. The deposits of the Court confirmed that the company had sought for the help of external financial advisors after "losing money for some time".

The casual restoration destination and beloved ice exists since the Great Depression, serving a family-style menu of hamburgers and a range of ice cream flavors. He joins a group of dozens ofClassic American Channels andCasual dining room shop who have filed for bankruptcy in the middle of the current pandemic.

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