Applebee's Franchisee Files Bankruptcy, Shuts Down 10 Locations
Business & Finance News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Atlanta Applebees franchisee, Neighborhood Restaurant Partners Florida, files for Chapter eleven bankruptcy, closing ten spots in Florida and Georgia. Despite debts between ten million and fifty million dollars, the parent company assures the brands strength. A bankruptcy auction is set for mid-May, with Applebees as the lead bidder, aiming to stabilize the chains future in the South.
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