Burger King Parent Names New CEO, Aiming To Turn Around Chain

  • Burger King franchise owners’ profits have also become a problem for the company.
  • Toms King Holdings LLC, one of the largest U.S. Burger King franchisees, with 90 restaurants in Illinois, Ohio, Pennsylvania and Virginia, declared chapter 11 bankruptcy in early January, citing declining revenue and surging costs for shipping and food.
  • A decrease in the availability of workers also resulted in a number of the company’s restaurants no longer making money, the Illinois-based franchisee said in its bankruptcy filing.


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