Financing
Acquisition of a struggling Chicago market sends a Freddy's franchisee into bankruptcy
M&M Custard, which at one point owned 42 Freddy’s Frozen Custard & Steakburgers fast-casual locations in six states, wants to use the bankruptcy process to shutter 11 locations and move on without them.
Financing
With new owners, Freddy's looks to go global with steakburgers, cheese curds and frozen custard
The fast-casual chain's acquisition by private-equity firm Rhone is expected to help open doors for international growth, said CEO Chris Dull.