The Economic Times

Major chicken chain franchisee files for bankruptcy what went wrong behind the scenes

Sailormen Inc, a major Popeyes franchisee, filed for bankruptcy, putting 130 restaurants at risk. Debt, failed sales, Covid-19, inflation, and rent problems caused financial trouble. Popeyes supports the franchisee, keeping many restaurants open. Bankruptcy lets Sailormen restructure or sell assets to pay creditors. New CMO Matt Rubin will lead future growth.