Wendy's major franchisee files Chapter 11 bankruptcy
Meritage Hospitality Group, which operates 314 Wendy's restaurants across the Midwest and Southeast, filed for Chapter 11 bankruptcy protection amid weak sales and mounting debt.
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Meritage Hospitality files for Chapter 11 amid Wendy's sales slump
Meritage Hospitality Group, a major U.S. Wendy's franchise operator, filed for Chapter 11 after more than a year of failed out-of-court restructuring with lenders and its franchiser.