Had no idea there was a Burger King in the RenCen
Had no idea there was a Burger King in the RenCen
Last edited by 401don; March-27-23 at 09:19 AM.
Most likely, those locations are run by a different franchisee.
Besides GPS Hospitality, I think Tria Company is another big one locally.
Last edited by 313WX; March-27-23 at 09:39 AM.
EYM King of Michigan, based in Irving, Texas, the franchisee that owns the restaurants, informed the Michigan Department of Labor and Economic Opportunity on March 22 of the layoffs.
The closings are due to “unforeseen business circumstances” and failure to reach an agreement with Burger King Corp., according to a WARN notice sent to Michigan’s labor department.
https://www.usatoday.com/story/money...team%20members.
TOMS King Holdings, a 90-unit Burger King operator with locations in four states, declared bankruptcy this week, blaming the pandemic and subsequent inflation challenges for draining its cash flow and making it unable to pay its debt.
https://www.restaurantbusinessonline...res-bankruptcy
- Meridian Restaurants Unlimited, which operates over 115 Burger King restaurants across nine states, filed for Chapter 11 bankruptcy protection last week.
https://www.restaurantdive.com/news/...nkrupt/644529/
The way it looks the city’s that had extended lock downs are the ones that are being shut down across the country,BK most likely would not negotiate lease terms so the ones that were hurting could never really fully recover.
Last edited by Richard; March-27-23 at 02:45 PM.
I'm surprised that one is still open, considering that nearly everything else in that food court has closed, and the rest of the RenCen's misfortunes since the pandemic began, having lost CVS and Comerica among other tenants.
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