Source: New York Post
A major Carl’s Jr. franchise operator in California has filed for Chapter 11 bankruptcy, pointing to the state’s $20 minimum wage for fast-food workers as a key driver of its financial troubles. Friendly Franchisees Corporation, through its subsidiary Sun Gir, said in a court filing that the wage increase, implemented in 2024, “materially increased operating expenses,” according to CEO and founder Harshad Dharod and reported by Restaurant Dive.
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