Business

“Wendy’s faces 300 closures across 15 states due to crippling beef prices”

“One of the largest U.S. franchisees for Wendy’s has filed for bankruptcy protection after the restaurant chain tried to terminate its franchise agreement.

Meritage Hospitality Group, which operates 314 Wendy’s restaurants in 15 states, said in a statement last week it intends to keep operating its restaurants and paying its 9,000 employees during the bankruptcy process.

Grand Rapids, Michigan-based Meritage filed its bankruptcy petition in federal court in western Michigan on Sept. 17. According to court documents, Wendy’s filed a notice of termination of the company’s franchise agreement “effective immediately” on Sept. 16…”

https://www.themirror.com/lifestyle/food-drink/wendys-faces-300-closures-across-2034913

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