BurgerFi International Says Franchisee-Owned Locations Of Burgerfi & Anthony's Coal Fired Pizza & Wings Excluded From Bankruptcy Proceedings; Chapter 11 Filing Includes 67 Corporate-Owned Locations
Portfolio Pulse from Benzinga Newsdesk
BurgerFi International announced that its franchisee-owned locations of BurgerFi and Anthony's Coal Fired Pizza & Wings are excluded from bankruptcy proceedings. The Chapter 11 filing includes 67 corporate-owned locations.
September 11, 2024 | 3:35 pm
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BurgerFi International's Chapter 11 filing affects 67 corporate-owned locations, but franchisee-owned locations are excluded. This may impact the company's financial stability and stock price.
The Chapter 11 filing indicates financial distress for BurgerFi International's corporate-owned locations, which could negatively impact investor sentiment and the stock price. However, the exclusion of franchisee-owned locations may mitigate some concerns.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100