Saturday, February 28, 2015 09:56pm
North Adams, MA now: 1 °   
Send news, tips, press releases and questions to info@iBerkshires.com
The Berkshires online guide to events, news and Berkshire County community information.
SIGN IN | REGISTER NOW   

Home About Archives RSS Feed
Follow iBWatercooler on Twitter
Friendly's Files Chapter 11; Local Restaurants Stay Open
Staff Reports On: 09:57AM / Wednesday October 05, 2011
Important
0
Interesting
0
Funny
0
Awesome
0
Infuriating
0
Ridiculous
0
NORTH ADAMS, Mass. — Friendly Ice Cream Corp. of Wilbraham has filed for Chapter 11 bankruptcy protection. The move has been expected for weeks as the 76-year-old chain has struggled with rising costs and the economic recession.

The company's closed 63 "underperforming" restaurants across the Northeast, Virginia and Florida as part of the restructuring. However, local restaurants in North Adams (State Road), Pittsfield (Dalton Avenue and Elm Street), Lee (Housatonic Street), Lenox (Route 20), Great Barrington (Stockbridge Road) and Bennington, Vt. (South Street), will remain open. Also remaining open is the Friendly's at the bottom of the Mohawk Trail in Greenfield although a second Greenfield restaurant on Federal Street will close. Two in Albany, N.Y., on Wolf Road and Western Avenue, will also close.

"We have embarked on an aggressive campaign to enhance restaurant operations, improve the guest experience, strengthen our team and expand the company's successful retail ice cream business," said Harsha V. Agadi, chairman and CEO of Friendly's in a statement.

The company faced significant financial challenges, Agadi said. "This was exacerbated by the weak economy and rapidly rising commodity costs that have impacted the entire restaurant industry."

Read the full press release here.


1 Comments
     
News Headlines
New Business Offers Organic Products From Berkshires & Beyond
Battalion Falls at Home, Needs Miracle to Finish Fourth
Commission on Status of Women, Groups, Share Concerns With Lawmakers
McCann Senior Praised For Her Achievements
'Still Alice': A Sadness to Remember
Berkshire Reps Rise In Legislative Ranks
Clarksburg Nomination Papers Available Monday
Berkshire Battalion Hosting 'Hometown Heroes'
Pittsfield Doctor Honored by Berkshire District Medical Society
Cultural Pittsfield This Week: Feb. 27-March 5

 


Bill Schmick separates the bull from the bears in his weekly columns on investing and market wrap-ups.



Categories:
advertising (10)
agriculture (1)
arts (7)
automotive (4)
awards (16)
banking (41)
Beacon (1)
broadband (1)
business (52)
chamber (25)
closing (5)
development (23)
dining (5)
domestic animals (2)
energy (6)
entertainment (2)
federal (4)
finances (5)
food (5)
fundraiser (3)
green (2)
grocery (5)
hospitality/hotel (5)
housing (0)
insurance (3)
investment (6)
jobs (35)
labor (17)
laws (4)
Legislature (2)
manufacturing (9)
media (8)
medical (4)
networking (33)
new (22)
pricing (1)
projects (2)
promotion (6)
publishing (12)
radio (2)
real estate (8)
retail (29)
technology (13)
training (5)
transportation (1)
volunteer (1)
website (2)
wholesale (7)
workshops (6)
Archives:
September 2014 (1)
August 2014 (1)
March 2014 (2)
Tags:
Merger North Adams Flood Great Barrington Berkshire Living Pittsfield Berkshire Enterprises Crane & Co. Store Opening Bj's Currency Talkberkshires Walmart Breakfast Sabic Unemployment Excelsior Expansion Adams Jobs Statistics Small Business Qualprint Berkshire Chamber Of Commerce Williamstown Berkshire Creative Berkshire Chamber State Auction Baldwin Gas Prices Unemployment Statistics Pine Cone Hill Wmeco
Popular Entries:
Berkshire Jobless Rates Drop
Bay State Continues to Add Jobs
Excelsior Brings Greeting Card Co. To North Adams
Covanta's Pittsfield Facility Gets High Marks from OSHA
New Dog Training Center Open in North Adams
White Hart Inn For Sale for $5M
Adams Co-Op, South Adams Bank Merger Approved
Williamstown Chamber Seeks Input on Future Role
Storey Publishing to Host Next Creative Challenge
Aladco Installs New 'Green' Washing Machine
Recent Entries:
Berkshire Eagle Parent Mulling Newspaper Sales
Digitial First Puts Vermont News Buildings on the Market
Berkshire Chamber, Neal Hosting Facebook for Business Workshop
Winstanley Wins Big at Annual ADDY Awards
Eggs & Issues Event Focuses on Rail Cars, Development
State Unemployement Rate Drops Slightly
New Biotech Firm Setting Up in Pittsfield
Crane Museum Opens Retail Store
License Commission Approves River Street Package Move
North Adams Big Y Celebrates Renovations


View All
Girls BB: Wahconah vs Hoosac...
No.1 Hoosac is heading back to the Cage as they beat No.9...
10X10 Art Party 2015
The 10X10 Festival's Real Art Party fundraiser, organized...
Berkshire Chamber Nite @...
Berkshire Chamber night on Wednesday at Mingo's in North...
Boys BB: Renaissance vs Drury
For Drury senior Justin Girard, the 63-61 quarter-final win...
Boys BB: Mount Greylock vs...
The Hoosac Valley boys basketball team got enough...
Boys BB: Quabbin vs...
Jerry McDonough scored 15 points, and Scott Steinman added...
Girls BB: Lee vs Mount...
Karli Retzel hit a 3-pointer and went 2-for-2 at the foul...
Boys Hockey: Wahconah vs...
The No. 5 Warriors won over No. 4 Belchertown 2-0 Tuesday...
Boys Hockey: Mt Everett vs...
Amherst No. 3 seed eliminated No. 6 Mount Everett 3-0...
Boys BB: Holyoke Catholic vs...
Monday evening, as the No. 5 Lenox basketball team was...
Congressman Neal Tours...
U.S. Rep. Richard Neal toured Unistress, Modern Mold & Tool...
Winterfest 2015
Chowder, wagon rides and ice sculptures attracted residents...
State Voc Semifinals
FINAL: Franklin Tech advances to State Voc Final with 63-44...
Berkshire County Bowling...
Lee won the Berkshire County Bowling Title over Drury 3...
Boys BB: Lenox @ Greylock
The Lenox boys basketball team defeated Mount Greylock,...
Boys BB: Hoosac vs PHS
After starting off slow and falling behind 14-6 after the...
Girls BB: Wahconah vs Hoosac...
No.1 Hoosac is heading back to the Cage as they beat No.9...
10X10 Art Party 2015
The 10X10 Festival's Real Art Party fundraiser, organized...
Berkshire Chamber Nite @...
Berkshire Chamber night on Wednesday at Mingo's in North...
Boys BB: Renaissance vs Drury
For Drury senior Justin Girard, the 63-61 quarter-final win...
Boys BB: Mount Greylock vs...
The Hoosac Valley boys basketball team got enough...
| Home | A & E | Business | Community News | Dining | Real Estate | Schools | Sports & Outdoors | Berkshires Weather | Weddings
Advertise | Recommend This Page | Help Contact Us | Privacy Policy| User Agreement
iBerkshires.com is owned and operated by: Boxcar Media 102 Main Street, North Adams, MA 01247 -- T. 413-663-3384 F.413-664-4251
© 2000 Boxcar Media LLC - All rights reserved