Wendy’s Franchise Operator Starboard Files for Chapter 11
- Starboard operates Wendy’s, Subway outlets in southern US
- Firm lists estimated assets, liabilities of up to $10 billion
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Starboard Group of Alabama LLC, a Wendy’s restaurant franchise operator in the southern US, filed for Chapter 11 in Florida, according to a court filing.
The company listed both estimated assets and estimated liabilities in the range of $1 billion to $10 billion.