Nightly News   |  October 05, 2011

Friendly’s chain files for bankruptcy

Restaurant chain and ice cream retailer Friendly’s filed for Chapter 11 bankruptcy. NBC’s Brian Williams reports.

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This content comes from a Full-Text Transcript of the program.

BRIAN WILLIAMS, anchor: And an unfriendly business development for Friendly's ice cream chain. They're filing for Chapter 11 bankruptcy . They were caught by rising food prices just when fewer people can afford to eat out. They employ 10,000 people in over 400 restaurants, mostly here in the East . They'll stay open while they financially restructure. Up next here