Image: Traders UnionMeritage Hospitality files for Chapter 11 as Wendy’s sales pressures weigh on franchisee
• Meritage Hospitality filed for Chapter 11 bankruptcy protection recently after declining sales at Wendy's locations pressured the franchisee. • The company will continue its daily business operations while it undergoes the legal restructuring process. • This filing highlights the financial strain that weak consumer spending and sales trends are placing on fast-food franchise operators.
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