Another Restaurant Chain, Friendly’s, Hits Wall in Pandemic

Friendly’s Restaurants, the 85-year-old East Coast dining chain known for its Fribble milkshakes and ice cream sundaes, is filing for bankruptcy protection.

It joins a growing list of well-established restaurant chains that are failing due to an unchecked pandemic in the United States.

George Michel, CEO of FIC Restaurants Inc., Friendly’s parent company, said COVID-19 has had a “catastrophic impact” on operations. FIC will sell essentially all of its assets to the restaurant company Amici Partners Group.

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Ruby Tuesday, Hit by COVID Closures, Files for Bankruptcy

Ruby Tuesday is filing for bankruptcy protection, the latest casual restaurant chain to suffer from coronavirus-related closures and changing consumer habits.

The Maryville, Tennessee-based company, which was founded in 1972, said on Wednesday that its restaurants will remain open throughout the bankruptcy process. Ruby Tuesday has 250 company-owned and franchised restaurants in the U.S., Canada and nine other countries, including Hong Kong, Chile and Kuwait.

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