This story has been updated to include a statement from Friendly Ice Cream Corp. A report from The Wall Street Journal Thursday said Friendly Ice Cream Corp., the parent to the 500-unit Friendly’s family-dining chain, could seek Chapter 11 bankruptcy protection as early as next week, and hold an auction to sell the chain. The report cited “people familiar with the matter,” and reported that Wells Fargo & Co. is in talks to provide Friendly Ice Cream with about ...
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Contact: Desiree Torres Desiree.Torres@penton.com