Restaurant Brands International (RBI) is planning to close up to 400 Burger King restaurants this year in an effort to cull underperforming assets from the fast-food chain.
"We'll work with them to leave the system and move on to do something else. There is simply no room for franchisees who are not willing or able to work hard to operate restaurants that are better than the system average over the long term," Patrick Doyle, RBI chairman, declared in a Q1 earnings call.
Since the beginning of the year, two major Burger King franchisees have filed for bankruptcy, each citing weak store traffic and higher operating costs.
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