Carl's Jr owned stores go into Admin. Fast food maybe under pressure from cost of living.
Carl's Jr shuts 20 stores immediatelyThe collapse will affect 24 stores owned and operated by CJ's GroupHowever 25 stores independently owned and run by third-party sub-licensees, will likely continue to operate unaffected, KPMG said.
https://www.northweststar.com.au/story/8712012/in-a-pickle-fast-food-franchise-carls-jr-collapses-in-australia/
World Class Pump and Dump, page-186
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