10 Facts About Friendly's

Friendly's is a restaurant chain on the East Coast of the United States.

Friendly's was founded in 1935 in Springfield, Massachusetts, by the Blake brothers S Prestley Blake and Curtis Blake.

Friendly's was founded in 1935, at the height of the Great Depression, by brothers Prestley and Curtis Blake in Springfield, Massachusetts.

Also in 1997, Friendly's exited the Pittsburgh market after an unsuccessful few-year stint, closing all six restaurants, which were sold and converted to Bob Evans by the spring of 1998.

In summer 2000, Friendly's switched to the American Stock Exchange; symbol FRN.

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In June 2007, Friendly's appointed president and CEO George Condos; that summer it was bought for $337 million by the private investment firm Sun Capital Partners, Inc In December 2008, Ned R Lidvall was appointed president and CEO.

In early 2018, Friendly's opened a new "prototype" restaurant at the Apex Center in Marlborough, Massachusetts, to test delivery, catering, online ordering and a revised menu.

Casualty of a tough economic environment, rising commodity costs, and changing customer tastes, Friendly's announced it had filed for Chapter 11 bankruptcy protection and closed 63 stores in October 2011.

Friendly's had secured more than $71 million in debtor-in-possession financing to keep it afloat during bankruptcy proceedings.

Friendly's stated that "nearly all" of its locations would remain open, although some closures were announced.