An employee stock purchase plan (ESPP) is a type of stock plan that permits employees to use after-tax payroll deductions to acquire shares of their company's stock. Plans can have... Basics
Friendlyâs, which has just over a 2 percent share of the ice cream market nationwide, will now go head-to-head with rival brands such as Breyers, Edyâs, and Turkey Hill that dominate supermarket sales, according to SymphonyIRI Group, a Chicago market research firm.
Private-equity firm Sun Capital Partners, which bought Friendly's for $337.2 million in 2007, will continue to own and operate the chain's 260 U.S. restaurant locations and will license the use of the Friendly's trademark under a pact with Dean Foods as part of the deal.