Story thread · 2 reports / 2 sources

Wendy’s is closing more stores: See a list of doomed locations from a major franchisee in ongoing bankruptcy

fastcompany.com · 4hShare

A sprawling Wendy’s franchisee that sought Chapter 11 bankruptcy protection earlier this month could close as many as 30 restaurants over the next few weeks as part of a cash collateral agreement, new court filings reveal. Meritage Hospitality Group, which operates 314 Wendy’s locations across 15 states, says it has already identified five unprofitable stores that it planned to shut down and vacate this weekend. In a bankruptcy docket filed late Friday, Meritage said it is seeking to cancel the leases and franchise agreements for the stores, which it has described as burdensome and unnecessary, as it seeks to restructure its operations. The impacted Wendy’s restaurants are located in Virginia, Florida, Texas, and Oklahoma. As of Saturday, the stores were still listed as open on Google and appearing on Wendy’s store locator, but phone calls to the stores went unanswered. Fast Company reached out to The Wendy’s Company and Meritage Hospitality Group for comment. Why are these Wendy’s sto

First report: Local Wendy’s expected to remain open despite bankruptcy — toledoblade.com, 1d