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flag Sailormen Inc., Popeyes' major Florida and Georgia franchise operator, filed for Chapter 11 bankruptcy due to $342M in debt and a $18M 2025 loss, but will keep operating.

flag Sailormen Inc., a major Popeyes franchise operator with 136 locations in Florida and Georgia, has filed for Chapter 11 bankruptcy, citing over $342 million in liabilities, an $18 million net loss in 2025, and mounting debt from pandemic-era challenges, rising costs, and higher borrowing rates. flag The Miami-based company, which operates under a high-debt structure, avoided a federal receiver by seeking bankruptcy protection, allowing it to continue operations while restructuring. flag Its largest lender, BMO Bank, had sued for control. flag No store closures are planned, and Popeyes parent company says the filing reflects the franchisee’s financial issues, not brand-wide problems.

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