Friendly’s is filing chapter 11 bankruptcy. The restaurant, like many others, has been struggling during the pandemic.
“Unfortunately, like many restaurant businesses, our progress was suddenly interrupted by the catastrophic impact of COVID-19, which caused a decline in revenue as dine-in operations ceased for months and re-opened with limited capacity,” said CEO George Michel in a statement.
Friendly’s parent company, FIC Restaurants, Inc, was bought for $2 million by Amici Partners Group, LLC.
The chief restructuring officer of Friendly’s, Marc Pfefferle said that while the purchase price is not substantial, the sale allows the business to continue, saving jobs and protecting franchises.
According to court documents, the restaurant had a $88 million debt. The debt was waived by lenders, as part of the deal made with Amici Partners Group.
For some diners, Friendly’s is a nostalgic reminder of childhood.
“It’s a lot of our childhoods, birthday party’s, mom takes you out of school early – surprise Friendly’s trip, it was the straw that changed color when you drank a neon-colored soda,” said Conor Dowd, Founder of Boogie Branding.
Dowd thinks that it is a shame that the company is filing for bankruptcy.
“I think it could have been avoided if they rebranded,” Dowd declared.” They don’t do enough to market to 15-30-year-olds, people my age who grew up on Friendly’s,” he said.
In 2011, Friendly’s filed for bankruptcy and closed 63 stores.
In a filing, the company said that they had been trying to return the business back to profitability.
“We achieved this by delivering menu innovation, re-energizing marketing, focusing on take-out, catering and third-party delivery, establishing a better overall experience for customers, and working closely with our franchisees and restaurant teams,” said Michel.
The company expects all of its 130 locations to remain open.
Janet Jackson fans never get tired of watching documentaries devoted to their idol.
A major documentary is planned to coincide with the 40th anniversary of Jackson’s debut album.
Jackson is the latest pop superstar to get the documentary treatment – Lifetime and A&E bosses in the U.S. will simulcast a new four-hour film, tentatively titled Janet, across two nights in 2022.
The documentary will chronicle her “musical success as well as her tumultuous private life”, according to a press release obtained by WENN.com.
The reclusive superstar will discuss her controversial 2004 Super Bowl appearance with Justin Timberlake, when she flashed a breast, and the death of her pop icon brother, Michael Jackson.
Deadline sources claim bosses at British production company Workerbee have been filming Jackson for over three years and have been granted exclusive access to archival footage, which will appear in the film.
Former NFL football player Kellen Winslow II was sentenced to 14 years in prison under a plea deal on Wednesday. He was convicted for multiple rapes and sexual offenses against five Southern California women.
According to the New York Post, Winslow, 37, was convicted on charges of forcible rape, rape of an unconscious person, assault with intent to commit rape, indecent exposure, and lewd conduct in public. He will have to register as a sex offender for the rest of his life.
He appeared in court virtually at the hearing in San Diego Superior Court in Vista, California. At the advice of his attorneys, Winslow did not speak before his sentencing.
San Diego County Superior Court Judge Blaine Bowman said Winslow could only be described with “two words, and that is sexual predator,” according to the outlet, and called his crimes “brazen.” Bowman also said that he preyed on vulnerable women, saying, “The vulnerability of the victims was no accident.”
The son of former San Diego Chargers Hall of Famer Kellen Winslow exposed himself to his 57-year-old-neighbor, who was gardening. He also performed a lewd act in front of a 77-year-old woman at a gym while concealing his ankle bracelet with a towel.
The forcible rape involved a homeless Encinitas woman who was one of the four women who gave victim impact statements on Wednesday.
“It’s affecting my life every day and every night,” she said. “I don’t ever feel safe inside or outside. You brought so much damage to my life.”
All of the women who spoke described the emotional trauma they experienced due to the attacks and how it has impacted their lives.
But that jury failed to agree on other charges, including the alleged 2018 rape of a 54-year-old hitchhiker and the 2003 rape of an unconscious 17-year-old high school senior who went to a party with him when he was 19, according to The Post. Before he was retried on those charges, he pleaded guilty to raping the teen and to the sexual battery of the hitchhiker.
Last month, both sides agreed to drop the sexual battery charge down to assault with intent to commit rape. In doing so, the maximum sentence was reduced to 14 years from the 18 years Winslow initially faced.
At one point in his career, Winslow was one of the highest-paid tight ends in the NFL. A first-round pick, he played for the Cleveland Browns, New England Patriots, and the New York Jets. His last season playing football was in 2013.