business
Popular fried chicken chain franchisee closes 39 locations
Key takeaways
- Popular fried chicken chain franchisee closes 39 locations Kirk O’Neil Thu, July 2, 2026 at 10:17 PM GMT+7 3 min read.
- The rising cost of doing business and unsustainable debt are often cited as the top reasons for restaurants' financial distress, forcing them to close businesses.
- Sailormen will divest all of its Popeyes businesses after selling 97 of its restaurants to five buyers and closing the remaining 39 locations that it could not sell.
Popular fried chicken chain franchisee closes 39 locations Kirk O’Neil Thu, July 2, 2026 at 10:17 PM GMT+7 3 min read. The popularity of the fried chicken dining sector is not enough to prevent restaurants from filing for bankruptcy protection and going out of business if negative economic factors prevail.
The rising cost of doing business and unsustainable debt are often cited as the top reasons for restaurants' financial distress, forcing them to close businesses.
Popeyes Louisiana Kitchen franchisee Sailormen Inc., which operated 136 fried chicken locations when it filed for bankruptcy in January 2026, has rejected 22 leases of locations that it could not sell and will permanently close them.
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