This week on Nation's Restaurant News the top story was Burger King franchisee files for Chapter 11 bankruptcy. Bloomberg Law reported that Chapter 11 filings submitted early this week by TOMS King Holdings LLC’s operating subsidiaries included about $35.5 million in secured debt to Bank of America. Another $14 million of unsecured debt was held by vendors, landlords and Burger King Corp., according to filings.
In other news, Applebee’s president is leaving to lead another restaurant company. Tony Moralejo, who is currently the president of Dine Brands international and global development, has been appointed president of Applebee’s U.S., while Scott Gladstone, SVP of strategy and innovation, will take on the role of president of international and corporate development.
Also, Chick-fil-A is investigating reports of fraudulent activity on its mobile app after several customers claim their data, including bank account information, was accessed by hackers.
The chain tweeted a statement claiming that the activity is “not due to a compromise of Chick-fil-A Inc.’s internal systems,” adding that it is working quickly to protect customers’ data. The alleged breach was initially reported by Atlanta news station 11Alive after several customers posted about their experience on a Facebook page called Paulding County Uncensored. Paulding County is part of the Atlanta metropolitan area, where Chick-fil-A is headquartered. There are now over 100 comments related to suspicious activity.
See what else was trending on NRN.com this week.
