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Key global food brand files Chapter 7 bankruptcy, closes

Summary by williamsnews.com

Abrupt shutdown leaves customers in a compromised position, which could heavily impact consumers.

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The mythical pizzeria Papa John’s in distress: its biggest franchisee on the brink of bankruptcy

Drake Food Service International Etve, the largest operator of Papa John’s outside the United States, is going through one of the most critical moments in its history. With 373 restaurants under its control at the end of 2023 — divided between Spain, Chile, Costa Rica, Panama, Guatemala and Portugal — the company has had to activate a financial emergency plan to avoid the competition of creditors. Its high indebtedness and the effects of too amb…

20 days ago

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