COMPANY RELEASES STATEMENT President: Prices, Competition Led To Friendly’s End ONEONTA – Friendly’s closing of its Oneonta restaurant and 22 others is part of a “months-long evaluation and careful consideration,” according to a statement from company President George Michel. He cited “competition and rising prices” for the decision. “We have decided to close 23 corporate-owned restaurants, effective immediately,” Michel said in a letter to franchisees released by the company this evening. “While this was a tough decision, we are confident…
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