The storepocalypse continues. According to reports, a Subway franchisee has filed for Ch 11 bankruptcy amid several financial and business woes.
The Lowdown
According to reports, Texas located River Subs is suffering bad financially. Last year, the troubled franchisee of at least 48 subway locations lost a wrongful death lawsuit after a female manager was shot dead by an ex-boyfriend.
That suit cost them $3m.
Restaurant Dive reports that the move comes after a judge denied the franchisee’s request to throw out the verdict against the chain.
Be First to Comment