TL;DR
Burger King is closing 27 locations in seven states, including nine in Minnesota, due to weak sales and low profitability. Meridian Restaurants Unlimited, which owns 119 Burger King restaurants, filed for Chapter 11 bankruptcy in March.
Burger King recently declared bankruptcy and is closing stores nationwide, including nine in Minnesota. Meridian Restaurants Unlimited owns 119 Burger King restaurants and filed for Chapter 11 bankruptcy in March.
According to a court filing, the company will close 27 Burger King locations in seven states. Meridian has stated that more closures are “possible, if not likely,” according to Restaurant Business. Restaurant Business also noted that the company has struggled with weak sales and low profitability at a time when costs are higher than ever.
Meridian is one of two large-scale Burger King operators to file for bankruptcy recently and a third that closed 26 locations in Michigan.
In this story
This story was originally published in 1851 Franchise on April 20, 2023. Burnaze summarizes and links to the original reporting.
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