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Burger King franchisee files for bankruptcy after owing $37M to creditors

According to court documents, the owners of 57 Burger King Restaurants filed for bankruptcy and accused them of forcing high labor costs and inflation. Consolidated Burger Holdings, one of Hamburger King’s biggest franchisees, owes nearly $37 million to its creditors and filed for Chapter 11 bankruptcy protection on Monday. They are trying to sell assets […]

Marriott sues franchisee for converting hotel into shelter for illegal aliens — lawsuit claims willful breach of contract

Marriott International is Litigation A New York City hotel franchise has been sued, alleging that the brand converted its properties into shelters for undocumented immigrants without its permission. According to the lawsuit, Pride Hotel in Jamaica, New York, entered into a contract with the city in 2023 to house undocumented immigrants and “willfully violated” its […]

Xponential CEO suspended amid federal probes, allegedly threatened to decapitate franchisee: report

The nation’s largest fitness company has suspended its allegedly threatening CEO “indefinitely” amid a growing federal investigation into possible fraud, according to multiple reports. Xponential Fitness, which operates more than 3,000 boutique studios under brands such as PureBarre, Rumble and CycleBar, is under federal scrutiny for allegedly misleading both franchisees and investors about its financial […]

TGI Fridays to go public through UK franchisee owner merger

American casual dining chain TGI Fridays has announced plans to merge with UK franchisee Hostmore, ahead of listing on the London Stock Exchange under the ticker TGIF. The all-stock deal to take TGI Fridays public is valued at approximately $220 million. CNBC first reported. The restaurant’s domestic and international operations will remain headquartered in Dallas, […]

CA Eatery Franchisee Hurries to Install Kiosks as $20 Minimum Wage Hits

Harsh Ghai, a major fast food franchise in California, is rushing to install kiosks in its restaurants to cut costs as the $20 minimum wage impacts businesses. Guy owns about 180 fast-food restaurants in the state, including Burger King, Taco Bell and Popeyes, Business Insider report Friday. “We have kiosks in all of our restaurants,” […]

California Burger King franchisee to expedite self-serve kiosks rollout

The California businessman who owns 140 Burger King franchises plans to cut hours and speed up the rollout of self-service kiosks to reduce labor costs in response to the state’s new $20 minimum wage. is. Harshraj Ghai, who runs 180 fast food restaurants across the Golden State, including Burger King, Taco Bell and Popeyes, said: […]

McDonald’s franchisee in California won’t charge $20 for a Happy Meal

A McDonald’s franchisee with 18 restaurants in Northern California said he was forced to raise menu prices in response to the state’s new $20-an-hour minimum wage law for fast-food workers. He says he plans to resist any increase in meal prices. “We looked at pricing, and we can’t charge $20 for a Happy Meal,” said […]