Huge burger chain franchisee files for Chapter 11 bankruptcy
[...]e real reason retail bankruptcies are surging
The real reason retail bankruptcies are surging
Huge burger chain franchisee files for Chapter 11 bankruptcy
A hamburger chain franchisee with 57 locations has filed for Chapter 11 bankruptcy
Kirk O’Neil
Apr 15, 2025 73 AM EDT
3Comments
The fast-food burger chain sector is facing an array of issues that has led to dozens of restaurant closings and several bankruptcy filings.
The fierce competition from the top four burger chains — McDonald's, Wendy's, Burger King, and Sonic — with huge advertising budgets is a major obstacle for smaller chains. Aside from competing with the top burger chains, smaller chains also deal with the same industrywide issues the big chains face, such as rising labor and food costs driven by inflation and changing consumer attitudes toward eating out.[...]
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