May 2023: The flames start flickering for Burger King. News breaks that the fast-food giant plans to close up to 400 locations in the US by year's end [1]. CEO Joshua Kobza blames underperforming restaurants and struggling franchisees, with some like Toms King and EYM King filing for bankruptcy [1]. This news is a blow
Another Restaurant Brands International franchisee filed for bankruptcy. Georgia-based RRG Inc. filed for Chapter 11 protection in the U.S. Bankruptcy Court for Southern District of Georgia on January 31. The