Major Burger King franchisee TOMS King Holdingsfiled for Chapter 11 bankruptcyprotection this week.
Just a few years ago TOMS King operatedover 100 Burger King locations.
Others, unfortunately, are losing money, rendering TOMS King unable to pay back its debts.
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The franchisee is pursuing a motion granting the authority to continue paying wages to those workers.
In 2020 Wendy’s claimed that spot,pushing BK down to #3.
Burger King’s profits have also been slow to recover post-pandemic, but there are signs of a turnaround.
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