Church’s, WETCO Purchase 20 La. Restaurants

Qsrweb

Church’s Chicken has announced an agreement with WETCO Restaurant Group LLC to purchase 20 Church’s restaurants in the New Orleans, Baton Rouge, Lafayette and Alexandria markets.

The deal involves WETCO, Church’s Chicken and GE Capital and allows WETCO to be restructured as part of a consensual Chapter 11 bankruptcy. GE Capital is the senior creditor while Cajun is both the franchisor and a major creditor.