Popular breakfast chain franchise files for Chapter 11 bankruptcy
The franchisee of an iconic breakfast restaurant chain files for bankruptcy protection.
The casual restaurant sector has faced economic hardship for the last five years since the Covid-19 pandemic devastated the industry.
As the pandemic faded away, other problems hampered the industry, such as rising costs of labor, food, and supplies from inflation, increased interest rates on debt, and changing attitudes of consumers on dining out.
