Major Wendy's franchisee files for bankruptcy – Fox Business

Major Wendy’s franchisee files for bankruptcy  Fox BusinessLarge Wendy’s franchisee files for bankruptcy, cites record beef prices  USA TodayMajor Wendy’s operator in Connecticut files for bankruptcy as beef prices rise  CT InsiderWendy’s franchisee operating 13 Mass. locations files for bankruptcy  boston25news.comMeritage Hospitality Group files Chapter 11 bankruptcy over Wendy’s struggles  qz.com

Meritage Hospitality Group, one of the largest U.S. Wendy's franchisees, has filed for bankruptcy amid rising beef costs and a dispute with corporate. Meritage Hospitality Group, one of the largest Wendy’s franchisees in the U.S., has filed for Chapter 11 bankruptcy protection following a high-stakes dispute with the fast-food chain's corporate parent. The bankruptcy filing comes amid severe financial pressures at the franchisee, which has struggled with soaring beef costs and weak customer traffic, while Meritage has also blamed aggressive promotional discounting for squeezing margins. The Michigan-based operator runs 314 Wendy's locations across 15 states. The company filed its voluntary petition Thursday with the U.S.

Bankruptcy Court for the Western District of Michigan, according to court documents. THE FAST-FOOD CHAIN WHERE MANAGERS AVERAGE MORE THAN $200K A YEAR Meritage Hospitality Group, one of the largest Wendy’s franchisees in the U.S., has filed for Chapter 11 bankruptcy protection. (Mike Campbell/NurPhoto via Getty Images) The bankruptcy filing came one day after Wendy's franchising unit delivered a Sept. 16 notice seeking to terminate Meritage's franchise rights and lease occupancy "effective immediately," according to court documents. Meritage filed for Chapter 11 the following day, putting the termination effort on hold