Ice Cream Corporation Announced Organizational Changes To Align Business Strategies
| Press Releases - Ice Cream and Smoothie Franchises | |
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Friendly Ice Cream Corporation (Amex: FRN) has announced organizational changes that will better align its business strategies and provide for increased responsibility and accountability. “As we move into 2006, we are confident that our strategic direction and key initiatives will produce great results,” said John L. Cutter, Friendly’s president and chief executive officer. “These changes will provide the leadership and resources that Friendly’s needs as we continue to grow.” Central to Friendly’s long-term business strategy is growing the company’s franchise business, and Cutter announced two promotions that directly support its Friendly’s Restaurants Franchise, Inc. (FRFI) subsidiary. Friendly Ice Cream Corporation (Amex: FRN) is a vertically integrated restaurant company serving signature sandwiches, entrees and ice cream desserts in a friendly, family environment in more than 520 company and franchised restaurants throughout the Northeast. The company also manufactures ice cream, which is distributed through more than 4,500 supermarkets and other retail locations. With a 70-year operating history, Friendly's enjoys strong brand recognition and is currently revitalizing its restaurants and introducing new products to grow its customer base. |
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