Domino's franchisee files for Chapter 11 bankruptcy [View all]
Pizza lovers will have a harder time finding their favorite slice, as an economic downturn in the fast-food pizza dining sector has resulted in major chain franchisees closing 100s of restaurant locations and filing for bankruptcy.
The nation's largest pizza dining chain, Domino's Pizza, is among the pizza giants whose franchisees have filed for bankruptcy
Major pizza chain Papa John's, which has not filed for bankruptcy, announced in its fourth-quarter earnings call that it will close 300 underperforming restaurants, including 200 by the end of 2026. The company did not reveal a deadline for closing the remaining 100.
Papa John's also said it would cut 7% of its workforce.
https://www.msn.com/en-us/money/companies/domino-s-franchisee-files-for-chapter-11-bankruptcy/ar-AA1YLapn
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