Popeyes franchisee Sailormen has closed 39 restaurants and sold 97.
One of Popeyes' major franchise operators in the US, Sailormen, is preparing to exit the bankruptcy protection it sought due to hundreds of millions of dollars in debt; the company has closed 39 of its restaurants and sold 97.
One of the largest franchise operators of the Popeyes fast food chain in the US, Sailormen, is preparing to exit bankruptcy protection. The company had filed for this procedure due to debts amounting to hundreds of millions of dollars; an agreement with creditors has now been reached, and a court ruling is awaited.
As part of the restructuring, Sailormen has closed 39 of its restaurants and sold 97. As a result, the number of locations operated by the company is significantly reduced.
This concerns the financial crisis of an independent company that operates the brand's franchise; Popeyes itself is not a party to this process. The source contains no information regarding the chain's operations in other markets.