Financing
Subway and Starbucks oust their Brazilian operator
SouthRock Capital, a major food and beverage operator in the country, had its master franchise agreement with Subway terminated after less than a year and lost its license to operate Starbucks.
Financing
The pandemic is not yet done with restaurants
The Bottom Line: A rash of bankruptcy filings shows that small brands and franchisees continue to deal with the aftermath of the pandemic, three and a half years later.