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 ...
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Contact: Desiree Torres Desiree.Torres@penton.com