Major Dairy Queen Competitor Enters Chapter 11 Bankruptcy Proceedings

Written by Emily J. Thompson, Senior Investment Analyst

Source: Yahoo Finance

Updated: Nov 15 2025

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Source: Yahoo Finance

Dairy Queen Franchise Closures: About 30 Dairy Queen locations in Texas faced closure after the franchisee, Project Lonestar, failed to remodel, leading to a halt in supply orders from the parent company.
Rita's Seasonal Closures: Rita's Italian Ice locations across the U.S. close annually for about four months, with a specific location in Horseheads, N.Y., announcing its seasonal closure on October 13, 2025.
Freddy's Bankruptcy Filing: M&M Custard LLC, a franchisee of Freddy's Frozen Custard & Steakburgers, filed for Chapter 11 bankruptcy, listing significant liabilities and plans to close several locations across multiple states.
Freddy's Ownership Change: Following the bankruptcy filing, Freddy's was sold to investment funds affiliated with Rhône, with the company expressing optimism about future growth and opportunities under new ownership.

About the author

Emily J. Thompson

Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.

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