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The Independent UK
The Independent UK
Business
Erin Keller

Major Wendy’s franchisee with 300 locations files for bankruptcy as chain’s struggles mount

Wendys Meritage United States

One of the largest Wendy’s franchise operators in the U.S. has filed for Chapter 11 bankruptcy protection as it works to restructure its finances.

Meritage Hospitality Group, based in Grand Rapids, voluntarily filed for bankruptcy Thursday in a Michigan court. Meritage said the court-supervised process will give it an opportunity to restructure its debt and strengthen its balance sheet, according to a news release Thursday.

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