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Meritage Hospitality Group significantly reduces Wendy's locations amid bankruptcy

QSR ·

WEN
WEN Wendy's Co
$6.28 -3.68%
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  1. 1Meritage Hospitality Group has closed 33 Wendy's restaurants following its bankruptcy filing in September.
  2. 2Between now and November 13, Meritage Hospitality Group has 20 to 60 additional restaurants to close.
  3. 3Wendy's claims that Meritage Hospitality Group has failed to pay approximately $146.9 million in royalties and fees.

So what's the key point?

Meritage Hospitality Group closed 33 Wendy's locations after filing for bankruptcy. More locations must be closed soon, and the group has not paid $146.9 million in fees owed to Wendy's.

Source QSR · View original ↗

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