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FIC Restaurants, Inc. (Friendly's) Bankruptcy Case

FIC Restaurants, Inc. (Friendly's)

Sale Process

Case No. 20-12807·Delaware·Petition date Nov 1, 2020

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OverviewProfessionals

Key professionals

Financial Advisor

Duff & Phelps Securities, LLC

Administrative Advisor

Donlin Recano & Company

Bankruptcy Counsel

Womble Bond Dickinson (US) LLP

Chief Restructuring Officer

The CMA Group

Judge: Karen B. Owens
Petition assets: $1M–$10M
Petition liabilities: $10M–$50M
Industry: Restaurant
Debtors: 5

FIC Restaurants, Inc. is a Wilbraham, Massachusetts-based operator and franchisor of the Friendly’s restaurant chain. Founded in 1935, the company provides family-style casual dining with a menu featuring American comfort food and signature premium ice cream desserts. The business operates approximately 50 corporate-owned locations and serves as the franchisor for roughly 80 additional restaurants across the United States. The company maintains its corporate headquarters in Massachusetts and employs approximately 1,700 staff members.

Case background, summaries, and key terms are generated from the filings on this docket. Docket entries and documents come from the court.

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