Consumer Law

Meritage Hospitality Group, One of the Largest Wendy’s Franchisee Owners in the U.S., Files for Chapter 11 Bankruptcy

Meritage Hospitality Group, one of the largest Wendy’s franchisees in the U.S., has filed for Chapter 11 bankruptcy protection following a high-stakes dispute with the fast-food chain’s corporate parent.

The bankruptcy filing comes amid severe financial pressures at the franchisee, which has struggled with soaring beef costs and weak customer traffic, while Meritage has also blamed aggressive promotional discounting for squeezing margins.

Read more at FOX Business

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