59-year-old pizza chain franchisee shuts locations, no bankruptcy
An economic downturn in the fast-food pizza dining sector has led to franchisees closing hundreds of locations and, in some cases, filing for bankruptcy protection. Popular pizza chain Papa John’s announced in its fourth-quarter earnings call that it will close 300 underperforming restaurants, including 200 by the end of 2026. Papa John’s also said it would cut […]
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