Friendly's Restaurants has announced closing of 37 additional stores. This includes the Bedford location at 343 Great Road
in The Great Road Shopping Center. In addition to the Bedford location,
9 other Massachusetts Locations have closed. This includes Great
Barrington, Holyoke, Longmeadow, Mansfield, Springfield (2), Shrewsbury
and Westborough,
As previously reported, Friendly's Filed for Chapter 11 Bankruptcy back in October closing 63 stores. In December, the Bankruptcy court agreed to let Sun Capital purchase the company for about $75 million. The sale was completed today and it emerged from Bankruptcy.
COMMENTS:
Unfortunately
this is not a surprise. It remains to be seen if Friendly's will
survive. What's interesting is Sun Capital also owns Boston Market,
which closed it's Bedford location as part of it's restructuring (the
location is now Asiana Bistro).
It remains to be seen if the Friendly's closing will affect the Great Road Shopping Center plans to replace the Travelodge with a new restaurant.
2 comments:
I was shocked to see this posting, but once I thought about it, I wasn't suprised. It was almost like no employees even cared if this place sunk or stayed afloat. Everything was slacking there.
The ice cream cakes were my favorite there, especially the Jubilee Roll.
Post a Comment