
"According to a new court filing from a major franchisee, three additional Popeyes restaurants have permanently shut their doors, bringing the total number of store closures associated with the franchisee's ongoing bankruptcy proceedings to at least 20. The franchisee, Sailormen Inc. of Miami, Florida, sought Chapter 11 protection earlier this year, citing diminished foot traffic and high inflation."
"Before its bankruptcy, Sailormen operated over 130 Popeyes restaurants. It was not immediately clear how many jobs have been lost as a result of the 20 store closures. At the time of its petition, Sailormen said it employed just over 3,300 employees, the vast majority of whom were hourly workers."
Sailormen Inc., a Miami-based Popeyes franchisee, filed for Chapter 11 bankruptcy earlier this year citing diminished foot traffic and high inflation. The company closed 17 restaurants in Florida and Georgia in January as part of bankruptcy proceedings. Three additional Georgia-based restaurants, closed before the January petition, were disclosed in a recent court filing, bringing total closures to at least 20. Sailormen previously operated over 130 Popeyes locations and employed just over 3,300 employees, predominantly hourly workers. The exact number of job losses remains unclear, and it is uncertain whether additional closures will occur.
#popeyes-bankruptcy #restaurant-closures #franchisee-financial-distress #inflation-impact #job-losses
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