---
title: "Friendly’s Files for Bankruptcy, Will Sell Restaurants to Amici"
url: https://burnaze.com/article/cc3a2e40-be3e-4e17-8e6d-d6a25956cff4
source: "1851 Franchise"
original_url: https://1851franchise.com/friendlys-files-for-bankruptcy-will-sell-restaurants-to-amici-2714185
category: "Restaurants"
industry: "Restaurants"
topics: ["Finance & M&A"]
published: 2020-11-02T17:12:57.000Z
modified: 2026-11-01T02:26:47.481Z
image: https://newimage.1851franchise.com/cdn-cgi/image/quality=85,format=webp,width=1280,height=720/story/featureImage/2e669c0450d5fc7eceafd18785c4cb4d8220.jpg
---

# Friendly’s Files for Bankruptcy, Will Sell Restaurants to Amici

**TL;DR:** Friendly's has filed for bankruptcy and will sell its restaurants to Amici Partners Group, LLC. The sale is expected to preserve thousands of jobs and keep nearly all of Friendly's 130 locations open.

*originally published in 1851 Franchise on 2020-11-02. [Read the original](https://1851franchise.com/friendlys-files-for-bankruptcy-will-sell-restaurants-to-amici-2714185).*

## Story

**FIC Restaurants, Inc., the company that operates all Friendly's restaurants, has agreed to sell all assets to Amici Partners Group, LLC, in a** **second bankruptcy** **filing.**

**The East Coast franchise brand, which started during the Great Depression, joins a raft of similar chains to file for bankruptcy amid the pandemic and ensuing lockdowns.** **Ruby Tuesday’s****,** **Sizzler****,** **California Pizza Kitchen** **and** **Chuck E. Cheese parent CEC Entertainment** **have all met similar fates as national lockdowns close north of 100,000 restaurants around the country.**

**“Nearly all of Friendly’s 130 corporate-owned and franchised restaurant locations are expected to remain open subject to COVID-19 limitations, and the transaction is expected to preserve thousands of corporate-owned restaurant team member and franchisee jobs,” a release from the company read.**

**“We believe the voluntary bankruptcy filing and planned sale to a new, deeply experienced restaurant group will enable Friendly’s to rebound from the pandemic as a stronger business, with the leadership and resources needed to continue to invest in the business and serve loyal patrons, as well as compete to win new customers over the long-term,” George Michel, CEO of FIC Restaurants, said in the statement.**

## Entities

- 1851 Franchise (publication)
- Restaurants (sector)
- Inc. (company)
- pandemic impact (topic)
- Friendly's (company)
- California Pizza Kitchen (company)
- Ruby Tuesday (company)
- Chuck E. Cheese (company)
- Sizzler (company)
- CEC Entertainment (company)
- bankruptcy filing (topic)
- restaurant sale (topic)

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Originally reported by 1851 Franchise (https://1851franchise.com/friendlys-files-for-bankruptcy-will-sell-restaurants-to-amici-2714185). Summarized by Burnaze (https://burnaze.com/article/cc3a2e40-be3e-4e17-8e6d-d6a25956cff4).