Wendy’s Is Closing More Store Locations

A sprawling Wendy’s franchisee that sought Chapter 11 bankruptcy protection earlier this month could close as many as 30 restaurants over the next few weeks as part of a cash collateral agreement, new court filings reveal. The impacted Wendy's restaurants are located in Florida, Oklahoma, Texas and Virginia.

Meritage Hospitality Group, which operates 314 Wendy's locations across 15 states, says it has already identified five unprofitable stores that it planned to shut down and vacate this weekend.

In a bankruptcy docket filed late Friday, Meritage said it is seeking to cancel the leases and franchise agreements for the stores, which it has described as burdensome and unnecessary, as it seeks to restructure its operations.

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