BOSTON With a dissident investor demanding changes and the home office considering a sale or other strategic alternatives, a group of 39 Friendlyâ€™s franchisees sent a letter to shareholders of the family-dining chainâ€™s parent company on Wednesday, saying it supported â€śthe long term interestsâ€ť of the system and opposed any investor who does â€śnot look to protectâ€ť the success of the conceptâ€™s franchisees. The letter to shareholders of Friendly Ice Cream Corp. was not signed by 46-unit ...
Register to view this article
It’s free but we need to know a little about you to continually improve our content.
Registering allows you to unlock a portion of our premium online content. You can access more in-depth stories and analysis, as well as news not found on any other website or any other media outlet. You also get free eNewsletters, blogs, real-time polls, archives and more.
Attention Print Subscribers: While you have already been granted free access to NRN we ask that you register now. We promise it will only take a few minutes!
Questions about your account or how to access content?