Several franchisees have filed for bankruptcy so far in 2023.
Updated 3 hours agoThe popular fast food chain Burger King plans to close up to 400 restaurants before the end of 2023, TODAY.com confirmed.
This week, the CEO of Restaurant Brands International Inc., which owns Burger King, said they are preparing to close between 300 and 400 locations. The CEO, Joshua Kobza, said in a call announcing Q1 earnings results, that the company"historically" closes"a couple hundred" Burger King restaurants each year.
So far this year, several large Burger King franchisees have filed for bankruptcy: Illinois-based Toms King, Michigan-based EYM King, and Utah-based Meridian Restaurants Unlimited.
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