BOSTON With a dissident investor demanding changes and the home office considering a sale or other strategic alternatives, a group of 39 Friendly‚Äôs franchisees sent a letter to shareholders of the family-dining chain‚Äôs parent company on Wednesday, saying it supported ‚Äúthe long term interests‚ÄĚ of the system and opposed any investor who does ‚Äúnot look to protect‚ÄĚ the success of the concept‚Äôs franchisees. The letter to shareholders of Friendly Ice Cream Corp. was not signed by 46-unit ...
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Contact: Desiree Torres Desiree.Torres@penton.com