Wendys Franchisee Files for Bankruptcy
Meritage Hospitality Group has filed for Chapter 11 bankruptcy citing rising beef prices and declining sales. The major Wendy's franchisee operates over 300 locations.
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Meritage Hospitality Group, one of the largest franchisees for WENDY'S CO, filed for Chapter 11 bankruptcy in the United States on September 17, owing nearly $25 million to the parent company.
