Jack’s Donuts filed for bankruptcy October 29 following legal issues and franchisee complaints. In a statement on Facebook, Jack’s Donuts said…
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Meridian Restaurants Unlimited has agreed to sell 70 Burger King restaurants for just under $18 million with the portfolio of units from the U…
GNC had about 1,000 franchises in the U.S. and 1,949 outside the U.S. in 2019. They'll have to get in line with other unsecured creditors to be heard during the bankruptcy process, said one expert.
Later this month, CEO Bruce Rosenthal believes Houston-based Submarina's three-year ordeal in bankruptcy court will at last come to an end. He expects to receive a judgment to collect at least $1.7 million from a group of franchisees in California who stopped paying royalties in 2012. Rosenthal plans to use that recouped money to repay creditors and exit Chapter 11.
The holiday season looks ugly at RadioShack, causing the electronics retailer to file an amended annual report again warning it may be heading to bankruptcy court.