Franchisees of iconic American chains are ‘hemorrhaging’ sales, as operators of IHOP, Pizza Hut, and more file for bankruptcy
Franchisees for Pizza Hut, IHOP, and Subway have already filed for bankruptcy. McDonald’s internally warned franchisees that they may have to downsize or sell locations. “Every franchisee is a small business, and they had to close up, and they’re sucking wind,” said restaurant industry investor Roger Lipton. “They’re hemorrhaging.” Visit Business Insider’s homepage for more … Read more