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Popeyes Franchisee Sailormen Reaches Settlement to Exit Chapter 11 After Nine Months

Nine months after filing for Chapter 11 with more than $129 million in secured debt, Sailormen Inc., a Miami-based Popeyes Louisiana Kitchen franchisee, has reached a global settlement to exit bankruptcy protection. On October 22, 2026, a federal judge announced plans to approve the deal, closing one of the largest…

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C&M Foods Group Acquires 14 Popeyes Locations from GPS Hospitality After Creditor Takeover

C&M Foods Group has entered the Popeyes Louisiana Kitchen franchise system by acquiring 14 restaurants from GPS Hospitality Ventures, a multi-brand operator that has been selling off assets after its bondholders took control of the company in mid-2026 following a prolonged debt crisis. The deal adds another buyer to a…

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