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Dozens of Popeyes Locations Closing as One of Largest Franchisees Enters Bankruptcy

Sailormen Inc. cited $130 million in debt and post-pandemic challenges while closing 20 Popeyes restaurants and seeking to reorganize under Chapter 11 bankruptcy protection.

Summary by Live5News
A major Popeyes franchisee filed for bankruptcy in January 2026, closing 20+ locations across Florida and Georgia amid $342M in debt and four straight quarters of chain-wide sales declines.

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Revista Merca2.0 broke the news in on Tuesday, March 17, 2026.
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