Friendly’s closes restaurants in Freeport, Ellsworth and Lewiston

PORTLAND, Maine — Friendly’s restauraunts in Freeport, Ellsworth and Lewiston have closed ahead of the company’s Chapter 11 filing for bankruptcy protection.

AP Photo/Pat Wellenbach

Friendly's restaurant is seen in Freeport, Maine on Wednesday, Oct. 5, 2011. The parent company of the Friendly's restaurant chain is filing for Chapter 11 bankruptcy protection and says it has already closed 63 of its stores

In total, the company closed 63 restauraunts ahead of the announcement. Each employed about 20 people.

The 76-year-old company known for its ice cream and hamburgers says the economic downturn coupled with higher costs and high rents drove it to file for bankruptcy protection.

Friendly Ice Cream Corp., based in Wilbraham, Mass., says it has secured $70 million in financing and that its 424 remaining restaurants will stay open as it reorganizes under bankruptcy protection. Gift cards will continue to be honored.

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Comments

Friendly's in Lewiston

The place was a SCUM PIT... the service STUNK the food was Horrible Glad they closed it.the BEST Friendly's in the area is Cooks Corner!!!!

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