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 ...
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!