As the restaurant industry continues to struggle, the pandemic has claimed Friendly's as its latest victim.<br />Business Insider reports Friendly's filed for chapter 11 bankruptcy on Sunday.<br />Friendly's CEO George Michel said the pandemic has had a 'catastrophic impact' on the restaurant chain.<br />Unfortunately, like many restaurant businesses, our progress was suddenly interrupted by the catastrophic impact of COVID-19. Friendly's CEO George Michel<br />The chain simultaneously announced it had reached an agreement to be acquired for nearly $2 million by the parent company of Red Mango and Smoothie Factory.
