Friendly’s Restaurants, an East Coast dining chain known for its sundaes, is filing for bankruptcy protection.
The Wilbraham, Massachusetts, company, which runs the restaurants under the parent company FIC Restaurants Inc., will sell substantially all of its assets to the restaurant company, Amici Partners Group.
All 130 of its locations will remain open while in restructures under Chapter 11 bankruptcy protection, the company said late Sunday.
The pandemic has hit the restaurant sector hard, particularly those that rely on people in their dining rooms. At least 10 chains have filed for bankruptcy protection since the pandemic began this year.
Others filing for protection this year include the U.S. arm of Le Pain Quotidien, CEC Entertainment, the parent company of Chuck E. Cheese, California Pizza Kitchen, Sizzler and Ruby Tuesday.