Iconic fast-food fried chicken chain closes over 300 restaurants
The brand has been struggling against upstart rivals like Chick-fil-A and Raising Cane's.
The brand has been struggling against upstart rivals like Chick-fil-A and Raising Cane's.
BELLINGS Intelligence Score: 10
Why it matters
The closure of over 300 restaurants by a fast-food chain is a notable business development but does not directly affect credit markets, underwriting standards, or systemic credit conditions.
Sources
TheStreet
Iconic fast-food fried chicken chain closes over 300 restaurants
The brand has been struggling against upstart rivals like Chick-fil-A and Raising Cane's.
Yahoo Finance
Iconic fast-food fried chicken chain closes over 300 restaurants