Friendly's New Owners Plan to Enhance Digital Ordering
Friendly's Restaurants is under new ownership.
Amici Partners Group, LLC, an entity comprised of experienced restaurant investors and operators who have been involved with some of the best-known QSR and casual dining chains for more than 25 years, has completed the acquisition of Friendly's Restaurants. Comprised of 130 corporate-owned and franchised restaurant locations, Friendly's Restaurants has been a fixture on the East Coast for more than 80 years, and the Amici group plans to continue to keep all locations open, delighting guests and preserving thousands of restaurant-workers' jobs.
Last fall FIC Restaurants, Inc., the restaurant company operating under Friendly’s Restaurants filed Chapter 11 and announced an agreement to sell substantially all of its assets to Amici Partners Group.
"The investors of Amici Partners Group, LLC have been involved with the Friendly's Restaurant brand in many capacities over the years, not only as owners/operators and leaders in the system, but also as longtime loyal customers of this iconic brand," said Craig Erlich, President and CEO of Amici Partners and its affiliated company BRIX Holdings, LLC, a multi-brand franchising company. "Based on our personal connection to the chain, strong investment capabilities, and seasoned management team, we believe we will be able to continue to reinvigorate this much-loved brand for both loyal patrons and new customers alike."
Friendly's Restaurants have delighted generations of guests by serving signature sandwiches, burgers and ice cream desserts. The new ownership will bring back many of Friendly's favorites while also focusing on menu innovation, including new ice cream flavors, reestablishing Friendly's as a family-friendly destination, and delivering an elevated guest experience, as well as enhancing Friendly's app for online ordering, take-out, delivery and a new loyalty program.