Friendly’s Announces Bankruptcy Filing, Sale of Assets
FIC Restaurants, Inc., the restaurant company operating under the brand name Friendly’s Restaurants, announced an agreement to sell substantially all of its assets to Amici Partners Group, LLC, according to the Associated Press. Amici is currently affiliated with BRIX Holdings, a multi-brand franchising company with national and international experience in the restaurant industry. Nearly all of Friendly’s 130 corporate-owned and franchised restaurant locations are expected to remain open subject to COVID-19 limitations, and the transaction is expected to preserve thousands of corporate-owned restaurant team-member and franchisee jobs.