Major Popeyes franchise files Chapter 11 after losing $18.8M on $233M in sales amid rising costs.
POPEYES FRANCHISE GOES BROKE ON $233M IN CHICKEN One of the largest Popeyes franchise operators in the U.S. just filed for Chapter 11 after losing $18.8 million despite generating about $233 million in sales. The company, Sailormen Inc., has already closed more than 20 locations while thousands of employees wait to see which stores survive …